Gold Rate: Latest Updates for March 05, 2025
Gold Rate
Latest Updates for March 05,2025
Gold continues to be a highly valued asset in India, with many people using it as a form of investment, wealth preservation, and even as a hedge against inflation. Whether you are planning to buy gold for personal use or investment purposes, it’s important to know the current gold rates in the market.
Gold Rates for Today in India
As of March 05,2025, the gold rates are as follows:
- 24 Carat Gold (10 grams): ₹87,563 +₹780.00 (10g of 24k gold 99.9%)
- 22 Carat Gold (10 grams): ₹80,283 +₹720.00 (10g of 22k gold 91.67%)
These rates reflect the price of gold in major cities across India, but keep in mind that gold prices can fluctuate based on market demand, geopolitical factors, and the strength of the Indian Rupee against the US Dollar.
Gold Prices in Major Indian Cities –March 05,2025
Here are the gold prices in some of the major cities across India:
Here is the table showing the gold rates in different cities in India for 22 Carat and 24 Carat gold:
Here are the gold rates for March 05,2025 in major metro cities of India:
24 Carat Gold Rates (Per 10 grams) And 22 Carat Gold Rates (Per 10 grams)
24 Carat Gold Price (10 grams) – 05 Mar, 2025
| City | Price (in INR) | Change (in INR) |
|---|---|---|
| Bangalore | ₹87,405 | +₹780.00 |
| Chennai | ₹87,411 | +₹780.00 |
| Delhi | ₹87,563 | +₹780.00 |
| Kolkata | ₹87,415 | +₹780.00 |
| Mumbai | ₹87,417 | +₹780.00 |
| Pune | ₹87,423 | +₹780.00 |
22 Carat Gold Price (10 grams) – 05 Mar, 2025
| City | Price (in INR) | Change (in INR) |
|---|---|---|
| Bangalore | ₹80,125 | +₹720.00 |
| Chennai | ₹80,131 | +₹720.00 |
| Delhi | ₹80,283 | +₹720.00 |
| Kolkata | ₹80,135 | +₹720.00 |
| Mumbai | ₹80,137 | +₹720.00 |
| Pune | ₹80,143 | +₹720.00 |
Understanding Gold Prices in India
Gold prices in India are influenced by various factors:
- Global Gold Prices: The international gold market sets the foundation for domestic prices. Gold traded in dollars can have a direct impact on Indian gold prices.
- Rupee-Dollar Exchange Rate: When the Indian Rupee weakens against the US Dollar, the price of gold tends to increase.
- Import Duties and Taxes: India imposes a 10% import duty on gold, which affects the local price.
- Market Demand and Supply: The demand for gold in India, particularly in the jewelry sector, plays a significant role in shaping the price of gold.
- Geopolitical Conditions: Political instability, financial crises, or global uncertainties often drive investors towards gold as a safe haven.
What are the Different Types of Gold?
Gold comes in various karats, with the two most popular forms being:
- 24 Carat Gold: The purest form of gold (99.99% purity) but is too soft to be molded into jewelry, making it ideal for investment.
- 22 Carat Gold: Composed of 22 parts gold and 2 parts other metals like copper, making it ideal for making jewelry due to its durability.
Here’s the gold rate data in a table format for easier reference:
Here is the table showing the gold rates in different cities in India for 22 Carat and 24 Carat gold:
Here are the gold rates in different cities in India for March 05,2025 presented in table format:
| City | 22 Carat Price (in INR) | 24 Carat Price (in INR) |
|---|---|---|
| Ahmedabad | ₹80,191 | ₹87,471 |
| Amritsar | ₹80,310 | ₹87,590 |
| Bangalore | ₹80,125 | ₹87,405 |
| Bhopal | ₹80,194 | ₹87,474 |
| Bhubaneswar | ₹80,130 | ₹87,410 |
| Chandigarh | ₹80,292 | ₹87,572 |
| Chennai | ₹80,131 | ₹87,411 |
| Coimbatore | ₹80,150 | ₹87,430 |
| Delhi | ₹80,283 | ₹87,563 |
| Faridabad | ₹80,315 | ₹87,595 |
| Gurgaon | ₹80,308 | ₹87,588 |
| Hyderabad | ₹80,139 | ₹87,419 |
| Jaipur | ₹80,276 | ₹87,556 |
| Kanpur | ₹80,303 | ₹87,583 |
| Kerala | ₹80,155 | ₹87,435 |
| Kochi | ₹80,156 | ₹87,436 |
| Kolkata | ₹80,135 | ₹87,415 |
| Lucknow | ₹80,299 | ₹87,579 |
| Madurai | ₹80,127 | ₹87,407 |
| Mangalore | ₹80,138 | ₹87,418 |
| Meerut | ₹80,309 | ₹87,589 |
| Mumbai | ₹80,137 | ₹87,417 |
| Mysore | ₹80,124 | ₹87,404 |
| Nagpur | ₹80,151 | ₹87,431 |
| Nashik | ₹79,457 | ₹87,467 |
| Patna | ₹80,179 | ₹87,459 |
| Pune | ₹80,143 | ₹87,423 |
| Surat | ₹80,198 | ₹87,478 |
| Vadodara | ₹80,204 | ₹87,484 |
| Vijayawada | ₹80,145 | ₹87,425 |
| Visakhapatnam | ₹80,147 | ₹87,427 |
Factors Affecting Gold Prices in Delhi
Several factors contribute to the fluctuation in gold prices:
- Global Gold Prices: Gold is traded globally in US Dollars, so its price in India is largely influenced by international market trends. Events such as global economic uncertainty or changes in US interest rates can impact gold prices worldwide.
- Indian Rupee vs US Dollar: The value of the Indian Rupee relative to the US Dollar also plays a significant role. A weaker Rupee against the Dollar typically drives up the price of gold in India.
- Local Taxes and Import Duties: In India, the import duty on gold is currently set at 10%, and additional state taxes may vary depending on the region. These local factors contribute to the final price you pay for gold.
- Demand and Supply: The demand for gold in India, particularly for jewellery during festive seasons, can cause a spike in prices. The supply side, including the volume of imports, also influences the cost.
Gold as an Investment in Delhi
Gold is considered a reliable and safe investment option in India, particularly in cities like Delhi. People invest in gold to hedge against inflation, currency fluctuations, and economic uncertainties. The price of gold in Delhi remains competitive compared to other cities due to the region’s high demand for jewellery and investment.
There are several ways to invest in gold in Delhi:
- Physical Gold: This includes gold coins, bars, and jewellery. While it offers the advantage of tangibility, storage and security are important considerations.
- Gold Exchange-Traded Funds (ETFs): These are convenient, as they allow you to invest in gold without physically owning it. Gold ETFs track the price of gold in the market and are traded on the stock exchange.
- Sovereign Gold Bonds: Issued by the Government of India, these bonds offer both returns on investment and interest, making them an attractive option for long-term investors.
Historical Gold Price Trends in India
Gold prices in India have seen fluctuations over the past few weeks, reflecting global market conditions, as well as local factors such as inflation and currency strength. Here’s a look at the price changes over the past 15 days:
Here is the table showing the gold rates for the last 15 days:
| Date | 22 Carat Price (in INR) | 24 Carat Price (in INR) |
|---|---|---|
| Mar 04, 2025 | ₹79,563 | ₹86,783 |
| Mar 03, 2025 | ₹79,563 | ₹86,783 |
| Mar 02, 2025 | ₹79,573 | ₹86,793 |
| Mar 01, 2025 | ₹79,763 | ₹87,003 |
| Feb 28, 2025 | ₹80,263 | ₹87,543 |
| Feb 27, 2025 | ₹80,663 | ₹87,983 |
| Feb 26, 2025 | ₹80,933 | ₹88,273 |
| Feb 25, 2025 | ₹80,723 | ₹88,053 |
| Feb 24, 2025 | ₹80,613 | ₹87,933 |
| Feb 23, 2025 | ₹80,623 | ₹87,943 |
| Feb 22, 2025 | ₹80,313 | ₹87,563 |
| Feb 21, 2025 | ₹80,883 | ₹88,223 |
| Feb 20, 2025 | ₹80,483 | ₹87,833 |
| Feb 19, 2025 | ₹79,883 | ₹87,133 |
Understanding Gold Rate Trends
The gold rate in India and other countries has seen significant fluctuations over the years. Factors such as economic conditions, geopolitical events, and changes in demand and supply influence the price of gold. Historically, gold has been a safe haven for investors during times of economic uncertainty.
Why Invest in Gold?
Investing in gold can be a good strategy for diversifying your portfolio. Gold tends to retain its value over time and can act as a hedge against inflation. Whether you are looking to buy gold jewelry, coins, or bars, staying updated with the latest gold rates is essential.
Conclusion
Keeping track of the gold rate today can help you make better investment decisions. By understanding the historical trends and current rates, you can plan your purchases and investments more effectively. Stay informed and make the most of your gold investments!
FAQs About Gold
1. Why should you invest in gold?
Gold is a safe-haven asset, protecting investors from inflation and economic uncertainties. It is a tangible asset that can preserve wealth over time.
2. What are the various forms of investing in gold?
You can invest in gold in physical form (jewelry, bars, coins), financial gold (gold ETFs, sovereign bonds), or gold mining stocks.
3. Does India import gold?
Yes, India is the largest importer of gold, primarily to meet the demand from the jewelry sector.
4. How are gold prices determined in India?
Gold prices are determined by global market conditions, the strength of the rupee against the dollar, and domestic factors like taxes, import duties, and demand.
5. What is the difference between 22K and 24K gold?
24K gold is 99.99% pure gold, while 22K gold contains 22 parts gold and 2 parts other metals. 22K gold is stronger and commonly used for making jewelry.
6. What is pure gold?
Pure gold is 24K gold, which is 99.99% gold and is soft and ideal for investment purposes, though not practical for jewelry.
7. How are gold rates determined in cities in India?
Gold prices are primarily determined by international market trends, local demand, and taxes. Prices also vary by city due to transport costs, local taxes, and dealer margins.
8. What is hallmarking of gold?
Hallmarking is the certification of gold purity, which ensures the gold meets specific quality standards. The Bureau of Indian Standards (BIS) regulates this process.
9. Who is responsible for hallmarking gold in India?
The Bureau of Indian Standards (BIS) is responsible for hallmarking and ensuring the purity of gold in India.
10. What does KDM gold mean?
KDM gold is a term often used to refer to jewelry made with 92% gold and 8% copper, which is used for making jewelry more durable. KDM stands for “Kundan” (a type of jewelry setting) and “Metal” used in gold alloy.
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By staying updated on the latest gold rates, you can make well-informed decisions whether you’re purchasing gold for personal use or investment purposes.