Staying updated with gold prices in India is essential for investors and buyers looking to make informed financial decisions in today’s dynamic market. Gold and silver have always been a symbol of wealth and status in India. Whether for investment, jewelery, or traditional ceremonies, these metals hold immense value. Investors and consumers keep a close eye on daily price fluctuations to make informed decisions.
Today’s Gold Prices in India (March 18, 2025)
As of March 18, 2025, gold prices in India have seen slight fluctuations. Below are the latest rates:
| Gold Purity | Price per 10 grams |
|---|---|
| 24 Carat | ₹89,876 |
| 22 Carat | ₹82,800 |
| 18 Carat | ₹67,746 |
City-wise Gold Prices in India
| City | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) |
|---|---|---|
| Delhi | ₹82,240 | ₹89,700 |
| Mumbai | ₹82,090 | ₹89,550 |
| Chennai | ₹82,090 | ₹89,550 |
| Kolkata | ₹82,090 | ₹89,550 |
| Bangalore | ₹82,090 | ₹89,550 |
| Hyderabad | ₹82,090 | ₹89,550 |
| Jaipur | ₹82,240 | ₹89,700 |
Comparison with Previous Day’s Prices
Analyzing price fluctuations helps investors and buyers make better financial decisions.
Gold Price Comparison
As of March 18, 2025, here are the gold prices for 22K and 24K gold per 10 grams in major Indian cities, along with a comparison to the previous day’s prices:
| City | 22K Gold Price (Mar 18, 2025) | 22K Gold Price (Mar 17, 2025) | Change (₹) | 24K Gold Price (Mar 18, 2025) | 24K Gold Price (Mar 17, 2025) | Change (₹) |
|---|---|---|---|---|---|---|
| Ahmedabad | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Amritsar | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Bangalore | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Bhopal | ₹82,140 | ₹82,100 | +₹40 | ₹89,600 | ₹89,556 | +₹44 |
| Bhubaneswar | ₹82,090 | ₹82,050 | +₹40 | ₹89,550 | ₹89,506 | +₹44 |
| Chandigarh | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Chennai | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Coimbatore | ₹82,090 | ₹82,050 | +₹40 | ₹89,550 | ₹89,506 | +₹44 |
| Delhi | ₹82,650 | ₹82,610 | +₹40 | ₹90,150 | ₹90,106 | +₹44 |
| Faridabad | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Gurgaon | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Hyderabad | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Jaipur | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Kolkata | ₹82,090 | ₹82,050 | +₹40 | ₹89,550 | ₹89,506 | +₹44 |
| Lucknow | ₹82,240 | ₹82,200 | +₹40 | ₹89,700 | ₹89,656 | +₹44 |
| Mumbai | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Nagpur | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Patna | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Pune | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Surat | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Vadodara | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Vijayawada | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
| Visakhapatnam | ₹82,550 | ₹82,510 | +₹40 | ₹90,050 | ₹90,006 | +₹44 |
For a more detailed historical comparison, here are the 22K and 24K gold prices per gram in India over the past 10 days:
| Date | 22K Gold Price (per gram) | 24K Gold Price (per gram) |
|---|---|---|
| Mar 18, 2025 | ₹8,250 | ₹9,000 |
| Mar 17, 2025 | ₹8,210 | ₹8,956 |
| Mar 16, 2025 | ₹8,220 | ₹8,967 |
| Mar 15, 2025 | ₹8,220 | ₹8,967 |
| Mar 14, 2025 | ₹8,230 | ₹8,978 |
| Mar 13, 2025 | ₹8,120 | ₹8,858 |
| Mar 12, 2025 | ₹8,065 | ₹8,798 |
| Mar 11, 2025 | ₹8,020 | ₹8,749 |
| Mar 10, 2025 | ₹8,050 | ₹8,782 |
| Mar 9, 2025 | ₹8,040 | ₹8,771 |
Historical Price Trends
Here’s a look at gold and silver prices over the past month:
| Date | 24K Gold (₹/10g) | Silver (₹/Kg) |
|---|---|---|
| February 11 | 88,500 | 101,000 |
| February 18 | 88,200 | 100,500 |
| February 25 | 87,900 | 99,500 |
| March 4 | 87,600 | 99,000 |
| March 11 | 88,003 | 98,000 |
How to Check the Purity of Gold and Silver
Before purchasing gold or silver, it’s crucial to check for purity. Here are some ways to verify authenticity:
1. Hallmarking and BIS Certification for Gold
The Bureau of Indian Standards (BIS) certifies gold purity. Always check for these signs on your gold jewelry:
- BIS Hallmark – A government-certified mark ensuring gold purity.
- Purity in Karat (K) – 24K, 22K, 18K, etc., based on gold content.
- Jeweler’s Identification Mark – A unique code for the registered seller.
- Year of Marking – Denoted by an alphabet representing the year of certification.
2. Testing the Purity of Gold at Home
- Magnet Test: Gold is non-magnetic. If a magnet attracts your jewelry, it may not be pure.
- Nitric Acid Test: Real gold does not react with nitric acid, while fake gold turns green.
- Density Test: Pure gold has a specific density of 19.3 g/cm³. You can compare weights for verification.
3. Checking Silver Purity
For silver, ensure it has a 925 or Sterling Silver mark, meaning 92.5% purity. Other ways to test include:
- Ice Test: Silver conducts heat rapidly. If an ice cube melts instantly, it is likely real silver.
- Acid Test: A few drops of nitric acid on real silver turn it creamy, while fake silver turns green.
Where to Buy Gold
It is important to buy gold and silver from trusted sources to avoid fraud.
1. Trusted Jewelry Stores
Always check the hallmark certification before purchasing.
2. Online Platforms
- Amazon and Flipkart (for certified gold and silver coins)
- MMTC-PAMP (Government-certified gold and silver)
- Paytm Gold & Google Pay Gold (Digital gold investments)
3. Banks and Government Agencies
Many banks sell certified gold coins but do not buy them back. RBI and MMTC also offer sovereign gold bonds.
How is hallmarked gold price today in India determined?
The current price of hallmarked gold in India depends on several market factors.The Indian market for hallmarked gold remains both fundamental and dynamic because multiple elements determine its price levels. The Bureau of Indian Standards (BIS) establishes hallmarking standards to ensure that gold purity measurements receive accurate certification. Hallmarked gold prices depend on global gold rates together with import duties and currency exchange rates as well as India’s local demand-supply conditions.
Global gold prices which respond to international geopolitical tensions along with inflation trends and central bank moves are set by the London Bullion Market Association (LBMA) and COMEX. Financial markets worldwide establish standards that affect changes in India’s gold import rates. Government-controlled import duties generate extra expenses for imported gold prices which have faced multiple adjustments over time. India levies a total gold import duty rate of 15% that consists of a 12.5% Basic Customs Duty (BCD) and an additional 2.5% Agriculture Infrastructure Development Cess (AIDC). The final price rises as a result of applying the 3% Goods and Services Tax (GST).
The India Bullion and Jewellers Association (IBJA) together with local jewelers and bullion associations set daily gold rates. Local jewelers and associations base their pricing decisions on three main factors and these include global market trends as well as exchange rate movements and local demand. Jewelers set their own making charges which affect the final retail price. In India gold pricing becomes complicated because of extra charges that incorporate labor expenses and overhead costs together with craftsmanship fees.
Gold price fluctuations remain primarily dependent on the balance between supply and demand. The requirement for gold reaches its highest point during festive seasons and wedding periods resulting in a rise in gold prices. When economic conditions decline and consumer spending reduces their demand falls which causes gold prices to stabilize temporarily or drop. Investment trends and central bank policies directly affect market movements and price volatility.
Gold buyers receive trustworthy information about gold purity through mandatory hallmarking which helps them purchase authentic gold. Hallmarking gives consumers access to gold whose purity levels are verified which helps prevent fraud and strengthens trust during gold transactions. The Hallmarking Unique Identification (HUID) system has strengthened gold authentication by allowing customers to confirm gold purity through official databases.
The cost of hallmarked gold in India depends on worldwide economic trends along with governmental decisions and import laws which shape local demands and pricing systems that operate on market principles. Studying these elements allows buyers and investors to make knowledgeable choices about gold purchases.
Gold as an Asset
For centuries gold has proven itself to be an extremely dependable investment asset. Gold functions as an inflation hedge while providing value storage and serving as a means for investment. During periods of economic instability investors prefer gold because it maintains a consistent value. Gold stands apart from stocks and real estate because it is a physical asset which investors can convert to cash rapidly.
While gold functioned as currency in the past, it now forms a fundamental element of modern investment portfolios. The inherent value of gold makes it the favored asset choice when financial markets face turbulence. Gold cannot be printed like paper money which enables it to withstand economic downturns and hyperinflation.
Gold maintains its position as a strong asset because it consistently preserves its worth across extended time periods. Worldwide central banks maintain substantial gold reserves within their financial frameworks which emphasize gold’s crucial role in global economic systems. The safe-haven nature of gold stems from its inverse correlation with stock market performance. The stock market crashes prompt an increase in gold prices which helps investors avoid major financial losses.
Investors use gold as an asset through multiple formats including physical gold holdings, digital gold accounts, Gold Exchange-Traded Funds (ETFs), and Sovereign Gold Bonds (SGBs). Every investment choice offers distinct benefits along with its unique set of risks. Physical gold represents tangible ownership yet requires significant storage and security expenses. Digital gold allows investors to hold gold ownership without needing to manage its physical counterpart. Gold ETFs and SGBs provide investors with market-based opportunities along with supplementary benefits including interest income generation and tax benefits.
Gold attracts investors because it serves as a protective asset against inflation. Investors maintain their wealth through rising gold prices when inflation reduces the buying power of paper money. The significance of gold as an investment becomes particularly prominent in emerging markets such as India because inflation rates show large fluctuations.
Beyond being valuable as a precious metal gold acts as a financial safeguard. Gold maintains its essential position in wealth protection for individuals and nations whether used as jewelry, coins or investment assets. Investors who understand gold’s asset value can use that knowledge to diversify their portfolios effectively while securing their financial future.
What factors determine the Gold Price Today in India Per Gram?
Multiple elements including international market rates and currency fluctuations along with import duties and local demand establish the pricing of gold in India. The global gold rate gets its value from the London Bullion Market Association along with COMEX. The prices of gold in India fluctuate based on the exchange rate between the INR and USD because gold trading occurs in USD. The Indian government applies import duties and GST to gold which impacts retail pricing in the country. The demand for gold rises during wedding seasons and festivals which results in increasing prices.
Who Imports and How is 22 Carat Gold Price in India Determined?
The majority of India’s gold imports occur through authorized banks and nominated agencies such as MMTC-PAMP and SBI among others. Import costs including customs duty and logistics charges along with refining and processing expenses and jewelers’ profit margins determine 22-carat gold pricing together with GST which adds 3% to gold purchases.
Sovereign Gold Bond Scheme: Should You Invest in Them?
The Sovereign Gold Bond (SGB) Scheme stands out as a superior alternative to owning physical gold. The RBI issues these government-backed bonds which deliver 2.5% annual interest while eliminating physical gold storage expenses and providing capital gains tax exemption if retained until maturity. The major disadvantage of the bond scheme compared to physical gold is its lower liquidity.
How is Gold Used in Electronics?
Gold serves multiple purposes in electronics because of its superior ability to conduct electricity and its durability against corrosion. The applications of gold extend to microchips and circuit boards as well as mobile phones and computers together with aerospace technology and satellites.
Putting Your Gold Safely in India
Storing gold demands high levels of security. People choose between bank lockers that ensure security at the cost of yearly fees, home safes that offer convenience yet expose assets to theft risks, and Gold ETFs plus digital gold which remove storage problems while maintaining liquidity.
Putting your gold safely in India
Storing gold demands high levels of security. People choose between bank lockers that ensure security at the cost of yearly fees, home safes that offer convenience yet expose assets to theft risks, and Gold ETFs plus digital gold which remove storage problems while maintaining liquidity.
Understanding the imports of gold into India
India stands as one of the world’s top gold-consuming nations but produces minimal amounts of the precious metal within its borders. Because of its substantial demand for gold India must import it in very large amounts. The government oversees gold imports which can only be conducted through designated banks and authorized agencies.
The Reserve Bank of India (RBI) and the Ministry of Commerce and Industry work alongside agencies such as MMTC-PAMP and the State Bank of India (SBI) which include designated banks to manage gold imports. The designated banks purchase gold from international bullion markets to supply local jewelers and traders. After importing gold authorities refine it before selling it within the domestic market.
The importation of gold faces multiple regulatory controls which encompass customs duties along with limitations on import quantities at specific intervals. Domestic gold prices heavily depend on the import duty rates applied to gold. Increased import duties result in elevated retail gold prices whereas reducing these duties makes gold more affordable for consumers.
International gold price changes which result from shifts in global demand and economic conditions along with geopolitical happenings also affect the price of gold imports. Indian authorities sometimes implement regulations to limit gold imports because high import levels lead to an expanding trade deficit. The government implements various measures which can take the form of heightened import duties, import restrictions or the launch of alternative investment options like Sovereign Gold Bonds.
New measures that will impact gold prices in India
The Reserve Bank of India along with the Indian government often release new policies that affect the market prices of gold. The newest measures encompass modifications to import duties along with GST reforms and mandatory hallmarking regulations as well as financial strategies to decrease physical gold usage.
The mandatory hallmarking requirement for gold jewelry represents an important reform which establishes clear standards for gold purity and ensures openness in the market. This initiative establishes consumer trust while standardizing gold pricing through the removal of quality uncertainty.
The RBI’s monetary policy changes through interest rate adjustments influence gold prices in the country. When interest rates decrease, the demand for gold rises which leads to higher gold prices. The investment appeal of gold diminishes when interest rates rise which results in lower gold prices.
Alternative investment options supported by government initiatives including Gold ETFs, Digital Gold and Sovereign Gold Bonds impact gold demand trends. When investors choose non-physical gold investments these measures decrease physical gold demand and stabilize its price fluctuations.
The domestic gold market experiences significant effects from international trade policy changes like restrictions on gold imports or altered trade agreements. The introduction of tighter rules alongside relaxation of import limitations may cause gold prices to either increase or decrease.
The present import duty on gold
Gold prices in India depend heavily on the current level of import duty imposed by the government. India applies a total import duty of 15% on gold which consists of a 12.5% Basic Customs Duty and an additional 2.5% Agriculture Infrastructure Development Cess. Gold purchases attract a 3% Goods and Services Tax (GST).
India’s gold prices exceed global market rates primarily because of the high import duties imposed. To manage the trade deficit and regulate gold imports the government regularly modifies these duties. An increase in import duty causes gold prices to rise whereas a decrease results in more affordable gold prices.
Gold smuggling activities get affected by the level of import duties imposed on gold. Increased import taxes lead to illegal gold trading through unofficial routes which affects the formal gold market. The government monitors smuggling activities and implements measures that prevent illegal gold trade while generating revenue from authorized imports.
During festive seasons when gold demand reaches its highest point, the Indian government sometimes lowers import duties to stimulate the gold market. Significant alterations in duties can influence foreign exchange reserves and trade balance which makes it an intricate economic choice.
Inflation and gold prices in india
The price of gold responds directly to changes in inflation levels. Investors turn to gold as a safe haven when inflation causes the value of paper currency to drop. The prices of gold go up when inflation occurs.
Throughout history gold has served as an effective protection against inflation. The decline in money’s purchasing power caused by inflation allows gold to maintain its worth which positions it as a top investment selection. India’s economic history shows that periods of high inflation have regularly resulted in increased gold prices.
During periods of economic instability people seek gold more frequently. Investors purchase gold for stability when they lose faith in stock market performance and other financial assets. This increased demand drives gold prices higher.
Inflation also affects production and import costs. Inflation increases trigger higher refining expenses and wages for labor as well as transportation charges which then cause gold prices to escalate. Inflation affects the global economy which then modifies international gold prices that determine the rates in India.
Gold in India shows great strength in 2019
The year 2019 marked an important period for gold in India. Gold prices hit unprecedented levels driven by multiple international and national influences. The United States-China trade conflict along with Middle Eastern geopolitical tensions and Brexit uncertainties created economic instability worldwide which drove gold prices upward.
Gold prices climbed in India as the local economy slowed down combined with the Indian Rupee losing value against the US Dollar and rising inflation pressures. Gold became an investment sanctuary for investors which boosted its demand as a safe-haven asset.
The Indian government’s 2019 decision to raise gold import duties significantly contributed to the domestic price surge. The gold market maintained strong performance throughout the year due to heightened demand during festive seasons and wedding events.
Even with elevated prices gold maintained its position as a favored investment option for Indian consumers. Investors chose Sovereign Gold Bonds and Gold ETFs as investment vehicles to benefit from rising gold prices without needing to manage physical gold storage. Gold’s robust performance throughout 2019 solidified its reputation as a dependable investment asset.
How QE impacts gold prices in India today?
Quantitative Easing (QE) represents a financial strategy that central banks employ to generate economic liquidity through the acquisition of financial assets. Gold prices around the world including India experience significant changes when major economies like the US Federal Reserve initiate QE programs.
The implementation of QE typically expands the money supply which results in reduced interest rates. When interest rates fall they lower the opportunity cost associated with non-yielding assets such as gold which boosts its attractiveness as an investment choice. As a result, gold prices rise.
Throughout QE periods investors transfer their funds from traditional assets to gold to protect against possible inflation. Gold demand increases which pushes prices up and impacts domestic markets.
As one of the biggest gold importers worldwide India confronts immediate effects from QE measures executed by international central banks. QE induced global gold price increases lead to escalated import expenses which consumers ultimately bear. Gold prices in India increase whenever major economies deploy quantitative easing strategies.
Gold prices tend to stabilize or drop when central banks tighten monetary policy and end QE programs. Investors move their investments towards assets that yield interest which causes gold demand to drop.
The magnetic test to check gold purity
Gold remains unaffected by magnetic fields since it is inherently non-magnetic. The magnetic test relies on this property to determine gold purity. This testing procedure requires the use of a strong magnet. When you bring a magnet near the gold object and see an attraction, this item probably holds magnetic elements like iron or nickel along with gold which suggests it lacks purity. The magnetic test does not guarantee accuracy because certain fake gold pieces might also include metals that are non-magnetic. To obtain an accurate assessment of gold purity experts recommend methods such as acid tests along with electronic gold testers and X-ray fluorescence testing.
Factors that influence gold prices in India
Gold prices in India are affected by multiple elements such as global market tendencies and foreign exchange movements along with import taxes and market demand-supply dynamics as well as inflation rates and international political situations. Domestic gold prices in India respond to shifts in global gold prices because the country predominantly relies on imports for its gold supply. The exchange rate between the Indian Rupee and the US Dollar greatly impacts gold prices since a devalued rupee results in higher gold costs. The price of gold in India moves according to government regulations and taxation together with wedding season demand.
Is inflation a big determinant of gold rates in India
The inflation rate stands out as a major factor affecting gold prices throughout India. An increase in inflation reduces money’s purchasing power which leads investors to invest in stable assets such as gold. Gold has traditionally been considered a protective investment against inflation because its value remains stable even as currency value falls. Gold demand rises during high inflation periods which leads to an increase in its price. Gold prices remain stable or decrease during periods of controlled inflation.
Large amount of gold remains undiscovered
Mining operations have covered vast areas but still many gold deposits remain hidden globally including within India. Experts in geology assert that large quantities of gold deposits remain hidden deep inside Earth’s crust especially in unexplored areas. Future technological progress in mining and exploration could unlock access to currently untapped resources. Scientists think that oceans and asteroids have huge gold deposits but extracting this gold proves to be expensive and technically difficult.
Gold – A special niche
Gold maintains an exceptional status across financial markets as well as cultural and industrial applications. Gold stands out from other commodities because it serves as both a key investment option and a wealth symbol especially in nations such as India. Gold finds applications in jewelry creation, electronic device manufacturing, dental procedures and advanced space technology. Investors often choose gold as a preferred investment vehicle through bullion, ETFs, and sovereign gold bonds. Gold’s value in worldwide economies stems from both its historical importance and limited availability.
Method for buying gold coins in India
Gold coins in India can be obtained from banks along with authorized jewelry stores and e-commerce platforms and government-certified organizations like MMTC. Investors should verify the purity level of gold coins which is measured in karats like 24K or 22K and ensure they have hallmark certification and making charges when making purchases. Customers must research pricing from various outlets while evaluating secure storage solutions such as bank lockers. Those interested in acquiring gold online can consider government-issued sovereign gold bonds as a practical investment option.
Demand for Gold in India
India stands as one of the biggest consumers of gold worldwide. Cultural traditions along with religious beliefs and economic reasons create the demand for gold in India. Weddings and religious festivals such as Diwali and Akshaya Tritiya along with customary rituals cause substantial increases in gold sales. Gold functions as a store of value particularly in rural regions where people have limited access to formal banking systems. Investors utilize gold purchases to protect their assets from economic instability and inflation.
How gold prices in India change?
In India gold prices vary because of multiple elements which consist of global gold rates, currency exchange rates as well as government policies and local market demand. India’s gold market responds to domestic price changes whenever international gold rates shift or import duties increase because the nation relies heavily on gold imports. Gold prices fluctuate due to changes in seasonal demand patterns as well as stock market volatility combined with evolving economic conditions. Gold investment trends in India are affected by the Reserve Bank of India’s interest rates and monetary policies.
Why we need to invest in Gold in India?
Investing in gold remains critical for India because of multiple important factors. Investing in gold protects against inflation over time while maintaining wealth value and supplies stability throughout economic recessions. Gold functions as a liquid asset which allows investors to convert it into cash effortlessly when the need arises. Indian investors can now easily invest in gold through various options like gold ETFs, digital gold and sovereign gold bonds.
Has gold investment in India delivered returns?
Throughout history gold investments in India have yielded substantial returns especially when economic crises and inflationary periods occur. Gold prices have seen continuous growth across multiple decades which establishes it as a dependable long-term investment choice. Gold remains a desirable portfolio diversification choice because of its appreciation potential and stability despite lacking dividend payments or interest generation like stocks. Investors maintain trust in gold as a secure investment option in volatile periods which preserves its status in the financial markets.
FAQs
1. How often do gold prices change?
Gold prices fluctuate daily based on market trends and economic conditions.
2. Is it better to invest in physical gold or digital gold?
Digital gold is safer and easier to trade, while physical gold provides tangible value.
3. Why does gold price increase during festivals?
Increased demand during festivals and weddings causes gold prices to rise.
4. Is silver a good long-term investment?
Silver is more volatile than gold but can yield high returns over time.
5. What factors determine daily gold prices in India?
Global markets, currency exchange rates, government policies, and economic stability influence gold prices.