Gold Prices Drop on March 1: Check Rates in Delhi, Mumbai, Chennai, and Kolkata

New Delhi: Gold prices witnessed a decline on Saturday, March 1, 2025, with 24-carat gold falling by ₹540 per gram and 22-carat gold dropping by ₹500 per gram. The silver price also dipped by ₹1,000 per kg.

Latest Gold Prices in Major Indian Cities (Per 10 Grams)

• Delhi – ₹87,003 (Down from ₹87,983 yesterday)
• Mumbai – ₹86,857 (Down from ₹87,837 yesterday)
• Chennai – ₹86,851 (Down from ₹87,831 yesterday)
• Kolkata – ₹86,855 (Down from ₹87,835 yesterday)

Latest Silver Prices in Major Indian Cities (Per Kg)

• Delhi – ₹1,00,000
• Mumbai – ₹99,300
• Chennai – ₹1,07,600
• Kolkata – ₹1,00,800

MCX Gold & Silver Futures Update

• Gold April 2025 MCX futures – Trading at ₹84,800 per 10 gm
• Silver July 2025 MCX futures – Trading at ₹99,322 per kg

What’s Driving the Price Drop?

Gold and silver prices fluctuate due to several key factors, including:
✔ Global demand and supply of gold
✔ Strength of the US dollar against other currencies
✔ Currency exchange rates and interest rates
✔ Inflation and economic conditions worldwide
✔ Government policies and central bank reserves

With global economic uncertainty and fluctuations in international markets, gold and silver rates remain volatile. Investors and buyers should track these trends closely before making purchases.