Gold Rates In India Today, March 10: 22K/100g Gold Jumps Rs.1,000, Silver Drops Rs.2,100

Gold prices in India rallied slightly at the beginning of this week after volatility was seen in the last few days. The rise in gold rates in India is being supported by a bullish market sentiment as the US dollar index slips to the 103 mark, which is a four-month low, providing some support to gold.

On 10th March 2025, 22-carat gold rates in India jumped by Rs 100 per 10 grams to cost Rs. 80,500, while the 24-carat gold rates jumped by Rs. 110 to retail at Rs. 87,820 per 10 grams. Similarly, 18-carat gold rates in India jumped by Rs. 900 per 10 grams to cost Rs. 65,820.

For heavy weight quantities, 100 grams of 24-carat gold rates are now priced at Rs. 87,820 after witnessing the surge of Rs. 1100, while the 22-carat gold rose by Rs. 1000 to cost Rs. 80,500. Just like that, 18-carat gold rates in India also experienced this rise, which made the yellow metal jump by Rs. 900 per 100 grams to retail at Rs. 658,200.

Silver rates in India today

Silver prices in India on 10th March slipped massively after maintaining stability for two consecutive sessions. Silver rates in India today per kilogram cost Rs. 97,000 per kg after a decline of Rs. 2,100. The price of 100 grams of silver was Rs. 9,700, which slipped by Rs. 210.

MCX Gold and Silver Futures Trading Near Key Levels

Gold prices on the MCX (Multi Commodity Exchange) are currently hovering near the Rs.86,000 mark, with gold futures due to mature on April 4, 2025, rising by 0.14% to Rs.86,001. This increase in gold prices is due to growing investor interest amid market volatility. Silver futures, with an expiration date of May 5, 2025, also saw an uptick this morning, trading 0.33% higher at Rs. 97,522.

International Spot Gold Prices and Silver Prices Update

According to Reuters, spot gold inched up 0.1% to $2,912.79 per ounce (as of 0243 GMT), while U.S. gold futures climbed 0.2% to $2,919.40. Meanwhile, spot silver slipped 0.3% to $32.42 per ounce. Analysts predict that the $3,000 milestone could be breached in the coming months as gold prices are continuing their upward momentum. Investors are now closely monitoring cues from the U.S. Federal Reserve to assess future interest rate movements, which could further influence gold prices.

Market Experts on Gold Prices in India Outlook

According to a research report by India Bullion and Jewelers Association Ltd, "Gold was on track on Friday for a weekly gain, with traders seeking havens after US tariff headlines whipsawed markets and fueled uncertainty about the global economic outlook. Concerns have mounted over US President Donald Trump's moves to implement the largest tariff increases in a century, which have sparked retaliation from some countries and kept Wall Street on edge. Trump eased some concerns this week by exempting Mexican and Canadian goods covered by the North American trade agreement from tariffs, offering reprieves to America's biggest trading partners. Economists are largely anticipating the levies will lead to higher prices for consumers and slower growth, posing a challenge for the Federal Reserve's dual mandate to foster price stability and maximum employment. Lower rates tend to benefit the precious metal because it doesn't pay interest. On Friday, the latest US economic data showed job growth steadied in February while the unemployment rate rose-a mixed snapshot of a job market hanging in the balance of quickly changing government policy. Meanwhile, China's central bank expanded its gold reserves for a fourth month in February. Looking ahead, traders will parse nonfarm payrolls data coming Friday for any further signs of a slowing labor market, which would boost the odds of more Fed rate cuts."