Market News
3 min read | Updated on March 06, 2025, 09:59 IST
SUMMARY
The 24K gold rose to ₹87,990 per 10 grams and the 22K gold to ₹80,660 per 10 grams in major Indian cities. Silver prices retreated by ₹100 to ₹97,900 per kg on Thursday mainly due to weak global trends.
Gold prices rose for the third day this week amid trade war worries. | Image: Shutterstock
Gold prices rose for the third day on Thursday, March 6, amid trade war worries and a weak US dollar in the global markets. Trade uncertainty after China, Mexico and Canada announced retaliatory tariffs on the US booted the safe-haven demand for gold.
Softer US economic data also raised hopes of a rate cut by the US Federal Reserve, taking the precious metal to a weekly high in global markets.
In major Indian cities, 24K gold rose to ₹87,990 per 10 grams and 22K gold to ₹80,660 per 10 grams. Gold prices jumped up to ₹600 per 10 grams on Wednesday. In early Asian trade on Thursday, spot gold rose by 0.15% to $2,923 an ounce.
In Delhi markets, 24K gold traded at ₹88,140 per 10 grams and 22K gold at ₹80,810 per 10 grams, up by ₹10 over the last close.
City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
---|---|---|
Delhi | ₹80,810 | ₹88,140 |
Mumbai | ₹80,660 | ₹87,990 |
Chennai | ₹80,660 | ₹87,990 |
Kolkata | ₹80,660 | ₹87,990 |
Silver prices retreated by ₹100 to ₹97,900 per kg on Thursday, mainly due to weak global trends and weak industrial demand.
Silver prices had rebounded by ₹1,100 to ₹98,000 per kg on Wednesday on weak US dollar and the safe-haven demand. On Thursday, spot silver dropped by 0.25% at $31.57 an ounce in early Asian trade.
City | Silver Price (per kg) |
---|---|
Delhi | ₹97,900 |
Mumbai | ₹97,900 |
Chennai | ₹106,900 |
Kolkata | ₹97,900 |
Gold prices rose for the third day this week amid trade war worries and a weak US dollar. The precious metal firmed up to the week’s high levels in global markets, which also supported its uptrend. Silver prices rebounded on Wednesday on a weak dollar, but poor industrial demand is capping its rise.
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
---|---|---|---|
Mar 6 | ₹80,660 | ₹87,990 | ₹97,900 |
Mar 5 | ₹80,650 | ₹87,980 | ₹98,000 |
Mar 4 | ₹80,100 | ₹87,380 | ₹96,900 |
Mar 3 | ₹79,400 | ₹86,620 | ₹97,000 |
Mar 1 | ₹79,400 | ₹86,620 | ₹97,000 |
Feb 28 | ₹79,600 | ₹86,840 | ₹97,000 |
Feb 27 | ₹80,100 | ₹87,380 | ₹98,000 |
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