Gold and silver price on March 11: Gold rate remains firm amid weak dollar and US recession fear

Gold prices extended gains for the fourth day on Tuesday, March 11, amid trade war worries and a weak US dollar. The precious metal recovered from overnight losses to trade above $2,900 an ounce in the global markets in early trade on Tuesday.

Rise in the international gold prices comes following a sell-off in the US stock markets in yesterday’s trading session. Fear of potential recession due to escalating trade tariffs, and economic uncertainty dragged down equity markets and raised appeal for safe-haven assets like gold.

The 24K gold firmed up to ₹87,830 per 10 grams and the 22K gold to ₹80,510 per 10 grams in major Indian cities. Gold prices gained up to ₹110 per 10 grams on Monday. In early Asian trade on Tuesday, spot gold increased 0.02% to $2,903 an ounce.

Gold Price Today in India (March 11, 2025)

In Delhi markets, 24K gold traded at ₹87,980 per 10 grams and 22K gold at ₹80,660 per 10 grams, up by ₹10 over the last close.

Gold Price Today in Major Cities

Silver Price Today in India (March 11, 2025)

Silver prices eased by ₹100 to ₹98,900 per kg on Tuesday due to poor offtake by industrial users and coin makers.

However, firm global trends capped its losses in the local markets. The white metal recovered from overnight losses in the international markets as the US dollar declined in early Asian trade. On Tuesday, spot silver gained 0.22% to $32.16 an ounce in early Asian trade.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices have strengthened this week amid persisting trade war concerns. Investors are awaiting the Fed policy outcome on March 19 for further direction even as the central bank is expected to keep the rate unchanged. Silver prices have traded flat this week due to weak demand from industrial users.

Here’s a comparison of gold and silver prices from earlier this week: