Gold Prices Remain Steady in India: Check City-Wise Rates For March 7

Gold prices in India remained steady on Thursday, March 7, 2025, with slight variations across cities. The price of 22-carat gold stood at ₹80,190 per 10 grams, while 24-carat gold was priced at ₹87,480 per 10 grams in Mumbai. Meanwhile, silver prices saw a modest increase of ₹100, reaching ₹99,100 per kg in the spot market.

City-Wise Gold Rates (March 7, 2025)

Here's a breakdown of gold prices in major cities:

Silver Prices See a Small Rise

While gold remained largely unchanged, silver prices increased by ₹100, bringing the metal’s price to ₹99,100 per kg across major cities.

What Drives Gold Prices in India?

Gold prices fluctuate due to several factors, including:

• Global Market Trends: International gold rates significantly impact local pricing.
• Import Duties & Taxes: As India imports most of its gold, any changes in import costs influence prices.
• Currency Exchange Rates: A weaker rupee can make gold more expensive in India.

Gold holds both cultural and financial significance in India, often purchased for weddings, festivals, and investment. With market conditions constantly evolving, staying updated on price trends is crucial for investors and buyers.