Gold Price in India (March 1, 2025): 22K & 24K Rates Drop, Silver Remains Flat
Gold Prices Decline Amid Strong US Dollar
On Saturday, March 1, 2025, gold prices in India saw a sharp decline due to the rising US Dollar Index and Treasury yields. Investors are keenly watching the U.S. Personal Consumption Expenditures (PCE) report, which may impact future price trends. Additionally, concerns about U.S. tariff policies could provide some support for gold prices.
Gold Price in India Today
- 24K Gold: ₹8,662 per gram
- 22K Gold: ₹7,940 per gram
- 18K Gold: ₹6,497 per gram
Gold prices per 100 grams have also declined:
- 22K (100g): ₹7,94,000 (₹2,000 drop from ₹7,96,000 yesterday)
- 24K (100g): ₹8,66,200 (₹2,200 drop from ₹8,68,400 yesterday)
- 18K (100g): ₹6,49,700 (₹1,600 drop from ₹6,51,300 yesterday)
Similarly, 10 grams of gold prices saw a decline:
- 22K (10g): ₹79,400 (₹200 drop from ₹79,600 yesterday)
- 24K (10g): ₹86,620 (₹220 drop from ₹86,840 yesterday)
- 18K (10g): ₹64,970 (₹160 drop from ₹65,130 yesterday)
Silver Price in India Today
The price of silver remained unchanged at:
- ₹97 per gram
- ₹97,000 per kilogram
Analysts predict that silver may face resistance at $31.75 and could drop to $30.70. In the Indian market, MCX Silver May futures are expected to resist near ₹96,600 and move lower toward ₹94,200.
Gold Market Outlook
Spot Gold Forecast
According to ICICI Direct Research, gold is expected to face resistance near $2,925 and may decline toward $2,860. A strong U.S. dollar and higher Treasury yields are putting pressure on the metal, while inflation concerns and ETF inflows could offer some support.
MCX Gold Prediction
For MCX Gold April futures, analysts predict:
- Support at ₹84,600 (20-day EMA)
- Resistance at ₹85,800
- If gold falls below ₹84,600, it could further drop toward ₹84,000
Conclusion
Gold prices in India have declined due to a strong U.S. dollar and rising bond yields. Silver prices remain stable but may experience fluctuations in the coming days. Investors should closely monitor inflation data and Federal Reserve policy announcements for future price trends.
Disclaimer: The above information is for educational purposes only and should not be considered financial advice. Please consult a professional before making any investment decisions.
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