Gold and silver price on March 4: Gold prices drop amid weak global trends; check details

Gold prices edged lower on Tuesday, March 4, in line with weak global trends and poor offtake by retailers. The precious metal traded below $2,900 an ounce in early Asian session after more than 1% rise in the previous session on Monday. Trade uncertainties and geopolitical worries had supported the metal to rebound from three-week lows touched last week.

The US is expected to impose 25% tariffs on Mexico and Canada and an additional 10% on China from Tuesday. However, US President Donald Trump will take a final call on the matter later in the day. Investors preferred to sit on the fence ahead of the US trade policy decision.

In major Indian cities, 24K gold slipped by ₹10 to ₹86,210 per 10 grams and 22K gold to ₹79,540 per 10 grams. Gold prices remained unchanged on Monday amid mixed cues. In early Asian trade on Tuesday, spot gold dropped by 0.18% to $2,888 an ounce.

Gold Price Today in India (March 4, 2025)

In Delhi markets, 24K gold traded at ₹86,760 per 10 grams and 22K gold at ₹79,540 per 10 grams, down by ₹10 over the last close.

Gold Price Today in Major Cities:

Silver Price Today in India (March 4, 2025)

Silver prices slipped by ₹100 to ₹96,900 per kg on Tuesday due to weak global trends. A weak dollar supported silver, but poor offtake from industrial users weighed on the white metal. Silver prices traded flat in major Indian cities on Monday. Spot silver dropped by 0.39% at $31.56 an ounce in early Asian Trade on Tuesday.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices have moved in a range this week amid trade policy uncertainty and geopolitical worries. Uncertainty over the Ukraine-Russia war after the US’s cold shoulder to Ukrainian President Volodomyr Zelenskyy supported the metal.

Silver prices have also remained flat in a restricted trade amid weak manufacturing data.

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