NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Gold Market Update

On 10 March, the gold market experienced a significant surge driven by investor caution regarding Middle East tensions. Following US President Donald Trump's statement that the US-Iran war is "very complete," the MCX gold rate for April futures contracts opened higher by ₹1,444 (0.90%) at ₹1,61,743 per 10 grams, compared to its previous close of ₹1,60,299.

Gold Price Movement

The MCX gold rate extended gains, trading at ₹1,61,607 per 10 grams, up by ₹1,308 (0.82%). It touched a high of ₹1,62,388. Spot gold prices eased 0.1% to $5,131.24 per ounce, while US gold futures for April delivery rose 0.7% to $5,141.40. Spot silver rose 0.4% to $87.32 per ounce.

Read also: Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns

2025 Performance

In 2025, gold recorded its best bull run since 1979, surging over 75%. Over the past 20 years, gold prices have jumped by 1,500%.

Regional Gold Rates

  • Mumbai: 24-karat gold price was ₹1,61,830 per 10 grams, up 1,120/10 grams. 22-karat gold price was ₹1,48,344 per 10 grams, and 18-karat gold rate was ₹1,21,373 per 10 grams.
  • Kolkata: 24-karat gold price was ₹1,61,610 per 10 grams, up 1,110/10 grams. 22-karat gold price was ₹1,48,143 per 10 grams, and 18-karat gold rate was ₹1,21,208 per 10 grams.
  • Hyderabad: 24-karat gold price was ₹1,62,080 per 10 grams, up 1,120/10 grams. 22-karat gold price was ₹1,48,573 per 10 grams, and 18-karat gold rate was ₹1,21,560 per 10 grams.
  • Delhi: 24-karat gold price was ₹1,61,700 per 10 grams, up 1,270/10 grams. 22-karat gold price was ₹1,48,225 per 10 grams, and 18-karat gold rate was ₹1,21,275 per 10 grams.
  • Chennai: 24-karat gold price was ₹1,62,450 per 10 grams, up 1,270/10 grams. 22-karat gold price was ₹1,48,913 per 10 grams, and 18-karat gold rate was ₹1,21,838 per 10 grams.
  • Bangalore: 24-karat gold price was ₹1,62,100 per 10 grams, up 1,260/10 grams. 22-karat gold price was ₹1,48,592 per 10 grams, and 18-karat gold rate was ₹1,21,575 per 10 grams.
  • Ahmedabad: 24-karat gold price was ₹1,62,190 per 10 grams, up 1,270/10 grams. 22-karat gold price was ₹1,48,674 per 10 grams, and 18-karat gold rate was ₹1,21,643 per 10 grams.

Read also: Gold and Silver Prices in India: A Review of Current Rates Across Major Cities

Investor Takeaway

Gold prices may remain volatile due to ongoing global tensions.

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