Gold prices in India are rising again.
Rates for 24-carat, 22-carat, and 18-carat gold increased for the second consecutive day, while silver prices have also moved up in the past two sessions.
The rise in bullion prices is linked to growing global uncertainty due to tensions involving Iran.
During geopolitical conflicts, investors usually shift their money to safe-haven assets like gold and silver, which pushes prices higher.
Latest Gold Prices in India
On March 11, the price of 24-carat gold increased by ₹93 per gram, taking the rate to ₹16,331 per gram.
10 grams: ₹1,63,310
100 grams: ₹16,33,100
Meanwhile, 22-carat gold rose by ₹85 per gram and is now priced at ₹14,970 per gram.
10 grams: ₹1,49,700
100 grams: ₹14,97,000
The price of 18-carat gold also moved up by ₹69 per gram, reaching ₹12,248 per gram.
10 grams: ₹1,22,480
100 grams: ₹12,24,800
Gold Prices in Major Indian Cities
Gold rates can vary slightly across cities due to local taxes and demand.
In cities such as Mumbai, Kolkata, Bengaluru, Hyderabad, and Pune, the prices are:
24-carat gold: ₹16,331 per gram
22-carat gold: ₹15,120 per gram
18-carat gold: ₹12,248 per gram
In the national capital Delhi, gold rates are slightly higher.
24-carat: ₹16,346 per gram
22-carat: ₹14,985 per gram
18-carat: ₹12,263 per gram
In Chennai, the prices are:
24-carat gold: ₹16,495 per gram
22-carat gold: ₹15,120 per gram
18-carat gold: ₹12,950 per gram
Silver Price Today
Silver prices in India remained stable today.
Silver per gram: ₹290
Silver per kilogram: ₹2,90,000
In cities like Mumbai, Delhi, Kolkata, Bengaluru, Pune, Vadodara, and Ahmedabad, silver is selling at ₹2,900 per 10 grams and ₹2,90,000 per kilogram.
However, in Chennai, silver is slightly more expensive, with the price at ₹3,000 per 10 grams.
The recent rise in gold and silver prices reflects strong demand for safe-haven investments during global uncertainty.
Investors often move toward precious metals when geopolitical tensions increase.