Current Precious Metals Prices: Live Update on Gold and Silver Rates as of March 29

Gold and Silver Prices in India Remain Flat on 29 March

The prices of gold and silver in India remained stagnant on 29 March, influenced by a combination of factors including the ongoing Israel-US-Iran war, elevated US Treasury yields, volatile crude oil prices, a strong US Dollar (USD), and the hawkish stance of the US Federal Reserve and other central banks worldwide.

Gold Prices

• On the Multi Commodity Exchange (MCX), gold prices closed at ₹1,47,270 per 10 gm on Friday, logging a solid recovery of over ₹17,500 per 10 gm.
• City-wise gold prices on 29 March:
  • Delhi: ₹1,46,780 for 24 kt, ₹1,34,548 for 22 kt, ₹1,10,085 for 18 kt
  • Mumbai: ₹1,47,030 for 24 kt, ₹1,34,778 for 22 kt, ₹1,10,273 for 18 kt
  • Kolkata: ₹1,46,840 for 24 kt, ₹1,34,603 for 22 kt, ₹1,10,130 for 18 kt
  • Other cities: see below

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Silver Prices

• On the Multi Commodity Exchange (MCX), silver prices ended at ₹2,27,750 per kg on 29 March, falling by around ₹204 on Friday.
• City-wise silver prices on 29 March:
  • Delhi: ₹2,276 for 10 gm, ₹22,756 for 100 gm, ₹2,27,560 for 1 kg
  • Mumbai: ₹2,280 for 10 gm, ₹22,795 for 100 gm, ₹2,27,950 for 1 kg
  • Kolkata: ₹2,277 for 10 gm, ₹22,765 for 100 gm, ₹2,27,650 for 1 kg
  • Other cities: see below

The recent movement in gold and silver prices has been influenced by geopolitical developments, particularly the United States' decision to suspend airstrikes on Iran's energy infrastructure, which has raised hopes of easing tensions.