Gold and silver price on March 17: Gold rate slips from record high on weak demand

Gold prices declined in early trade on Monday, March 17, due to weak demand from retailers and jewellers. The metal traded near $3,000 an ounce levels in global markets amid trade war worries, which capped its losses in the domestic market.

Gold breached the record $3,000 an ounce mark on Friday in global markets following US recession fears, bullion buying by the Chinese central bank and geopolitical tensions.

The 24K gold dropped ₹10 to ₹89,660 per 10 grams and the 22K gold to ₹82,190 per 10 grams in major Indian cities. Gold prices had dropped by ₹110 per 10 grams on Saturday.

Gold Price Today in India (March 17, 2025)

In Delhi markets, 24K gold traded at ₹89,810 per 10 grams and 22K gold at ₹82,340 per 10 grams, down by ₹10 over the last close.

Gold Price Today in Major Cities

Silver Price Today in India (March 17, 2025)

Silver prices slipped by ₹100 on Monday due to poor offtake by industrial users and coin makers. Silver prices traded at ₹1,02,900 per kg in early trade. The white metal had jumped ₹2,000 to hit an all-time high of ₹1,03,000 per kg in major Indian cities on Saturday. On Monday, spot silver rose by 0.05% to $33.79 an ounce in early Asian trade.

Silver Price Today in Major Cities

Comparison of Gold and Silver Prices This Week

Gold opened on a weak note on Monday due to weak demand. The metal moved in line with strong global trends last week and hit fresh lifetime high levels.

Silver prices hit lifetime high levels on Saturday amid positive global trends and a weak US dollar.

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