Gold prices are falling due to the strength of the dollar. According to Rahul Kalantri of Mehta Equities, the dollar strengthened due to the imposition of new tariffs on Mexico and Canada by the US President, which reduced the demand for gold. Apart from this, speculation of the Federal Reserve postponing interest rate cuts has also increased the pressure on the bullion market.
Gold Silver Price Today: The price of gold has fallen on March 3, 2025. Gold has become cheaper on the first day of the week and for the fourth time in a row. On Monday, the price of 24 carat gold has fallen by Rs 240. At the same time, the price of 22 carat gold has fallen by Rs 200. In the big cities of the country, the price of 24 carat gold is trading around Rs 86,600 and the price of 22 carat gold is Rs 79,300. The price of one kilogram of silver is at the level of Rs 96,900.
Why is the price of gold and silver decreasing?
Gold prices are falling due to the strength of the dollar. According to Rahul Kalantri of Mehta Equities, the dollar strengthened due to the imposition of new tariffs on Mexico and Canada by the US President, which reduced the demand for gold. Apart from this, speculation of the Federal Reserve postponing interest rate cuts has also increased the pressure on the bullion market. Gold prices and silver price in india remain weak due to global economic uncertainty and investor caution.
Gold price in Delhi-Mumbai
The price of 24 carat gold in Delhi has fallen for the fourth consecutive day. Here the price of 22 carat gold was Rs 79,540 per 10 grams. 24 carat gold in Delhi remains at Rs 86,760 per 10 grams. In Mumbai, the price of 22 carat gold is Rs 79,390 and 24 carat gold is trading at Rs 86,610 per 10 grams. Here know the price of gold in 4 major cities of the country till March 3, 2025. The price of silver on March 3, 2025 is Rs 96,900 per kg. There has not been much change in the price of silver.
How is the price of gold decided?
The price of gold in India varies due to many reasons, such as international market prices, government taxes and fluctuations in the value of rupee. Gold is not only a means of investment but is also an important part of our traditions and festivals. Its demand increases especially during weddings and festivals.
