Gold Rate in India Today Slips from Record Peak, March 15: 22K/100g Gold Falls Rs.1000; Silver Steady

Gold prices in India declined slightly today after reaching an all-time high yesterday on the occasion of Holi 2025. Gold prices in the international market also surged to a historic $3,000 per ounce for the first time, mainly because of the fears of a trade war stemming from the U.S. So far this year, gold rates have jumped nearly 14% due to ongoing economic uncertainty.

Gold Rate in India Today

As of today, 15th March, 24-carat gold rates in India slipped by Rs. 110 per 10 grams to cost Rs. 89,670. While the 22 carat gold price today stands at Rs. 82,200 per 10 grams after a decline of Rs. 100. Meanwhile, the 18 carat gold decreased by Rs. 80 to retail at Rs. 67,260 per 10 grams.

The bulkier quantities also experience a decline; 100 grams of 24 carat gold rates now retail at Rs. 8,96,700, after slipping Rs. 1100, and the 22 carat gold rates per 100 grams now cost Rs. 8,22,000 after slipping Rs. 1000.

Silver prices in India today

Silver rates in India today Are stable after a big jump on Holi yesterday. Currently, 1 kg of silver costs Rs. 103,000 and 100 grams of silver costs Rs. 10,300.

Gold prices in Chennai, Bengaluru, and Hyderabad

A similar decline in gold prices across the country was seen. Below are the gold rates in the major cities of India:
10 grams of 24-carat gold rates in Chennai stand at Rs. 89,670 per 10 grams, while the 22 carat gold prices in Chennai cost Rs. 82,200 per 10 grams.

Likewise, gold rates in Bangalore for 22 carats are now at Rs. 82,200 per 10 grams, while the 24 carat gold price in Bangalore is now at Rs. 89,670 per 10 grams of yellow metal.

Gold prices in Hyderabad are also mirroring the gold rates in India today, where the price of 22 carat gold retails at Rs. 82,200 per 10 grams. A 24 carat gold retails at Rs. 87,670 per 10 grams.

MCX Gold and Silver Futures Prices Today

Since trading is closed on MCX (Multi Commodity Exchange) today due to a weekly holiday. Currently, gold futures prices due to mature on April 4, 2025, closed at Rs. 87,963 after rising Rs. 0.03%. Silver futures, with an expiration date of May 5, 2025, jumped slightly at the close, ending 0.02% higher at Rs. 1,00,761.

Global Gold Price and Silver Price Update

As per Reuters, spot gold surged to a record high of $3,004.86 earlier in the session before slipping 0.1% to $2,986.26 by 02:01 p.m. ET (1801 GMT) due to profit-taking. Meanwhile, U.S. gold futures closed 0.3% higher at $3,001.10. Silver remained steady at $33.80 per ounce.

Gold price Outlook Ahead

As per the commodity report from the India Bullion and Jewellers Association Ltd., "Gold climbed on Wednesday as investors assessed the outlook for the US economy and the Federal Reserve interest-rate path following the latest inflation print and the start of President Donald Trump's metal tariffs. US consumer prices rose at the slowest pace in four months in February, welcome news for American households who remain apprehensive about the potential for tariffs to drive costs higher. Trump's 25% tariffs on steel and aluminum imports came into force Wednesday, triggering concern across export-reliant Asia and immediate reprisals from the European Union and Canada. "I read the lower-than-expected CPI data as being favorable for commodities, and the precious sector in particular. The market will interpret this as allowing the Fed to ease sooner rather than later," said Bart Melek, global head of commodities strategy at TD Securities. "As tariffs hit, however, price pressures may well reemerge," he added. Lower rates typically benefit bullion as it pays no interest. Bullion has risen 11% this year, helped in part by haven demand emanating from uncertainty surrounding Trump's tariff measures.