Gold and silver prices in India stabilized on Tuesday, March 31, remaining unchanged from the previous day in all major cities.
Gold and silver prices in India remained steady on Tuesday, March 31, with both metals showing no change from the previous day’s levels in all major cities.
According to the latest figures, gold prices showed slight differences depending on location, with cities like Noida and Chennai reporting slightly higher prices compared to Delhi and Bangalore.
The price of 24 carat gold reached $145,748.
Gold prices by city on March 31 (Tuesday)
| city | 24 karat gold | 22 karat gold |
|---|---|---|
| Delhi | $145, 748 | $133,505 |
| Bengaluru | $145, 748 | $133, 505 |
| Mumbai | $145, 893 | $145, 893 |
| Noida | $146, 622 | $145,059 |
In Delhi and Bangalore, gold prices remained unchanged, while Mumbai recorded a marginal increase. Noida and Chennai witnessed relatively higher prices for both 24-karat and 22-karat gold.
Silver prices are stable
Silver prices in India remained unchanged on Tuesday, March 31, and remained stable at $2,293.97 for 10 grams, the same level recorded the previous day on March 30.
While the overall rate remained stable, slight variations were observed in different locations, with Mumbai and Noida reporting a slight rise in prices compared to Delhi and Bangalore.
Silver prices by city on March 31 (per 10 grams)
| silver | 10 g |
|---|---|
| Delhi | $2,293.97 |
| Bengaluru | $2,293.97 |
| Mumbai | $2,314.62 |
| Noida | $2,307.73 |
In Delhi and Bangalore, silver prices remained the same. Mumbai recorded the highest rate among the cities listed, followed by Noida.
Overall, the lack of change in prices indicates stability in the silver market, with slight regional differences remaining.
Global rates
Gold prices rose on Tuesday amid hopes of calming the conflict in the Middle East. However, the metal remained on track for its worst monthly performance in more than 17 years, as rising energy costs dampened expectations for a U.S. interest rate cut this year, according to a report by Reuters.
By 0427 GMT, the spot price of gold rose 1.1% to $4,561.68 per ounce, while US gold futures for April delivery advanced 0.7% to $4,590.
At the same time, a weak dollar has made commodities priced in the US currency more accessible to investors holding other currencies.
(With inputs from Reuters)
