Gold, Silver Prices Fall Today: Check 22K And 24K Rates In Your City On March 30

Gold and Silver Rates In India Today, March 30: Gold and silver prices in India fell on March 30, amid a surge in energy prices that fuelled inflation worries and further dimmed expectations for US Federal Reserve interest rate cuts this year. The 1.3 per cent jump in the rupee also pulled down the bullion rates in India. In Mumbai, the price of 24-carat gold declined by nearly Rs 1,500 to Rs 1,47,280 per 10 grams, while 22k gold was available at Rs 1,35,000 per 10 grams. These rates do not include GST and making charges.

In January, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.

What Is The Price Of 22kt, 24kt Gold Today In India Across Key Cities On March 30?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,35,150	Rs 1,47,430
Jaipur	Rs 1,35,150	Rs 1,47,430
Ahmedabad	Rs 1,34,900	Rs 1,47,180
Pune	Rs 1,35,000	Rs 1,47,280
Mumbai	Rs 1,35,000	Rs 1,47,280
Hyderabad	Rs 1,35,000	Rs 1,47,280
Chennai	Rs 1,35,000	Rs 1,47,280
Bengaluru	Rs 1,35,000	Rs 1,47,280
Kolkata	Rs 1,35,000	Rs 1,47,280

“Gold’s price action last week suggested a reaction to oversold behaviour, and a possible reversal of recent declines,”

said Nicholas Frappell, global head of institutional markets at ABC Refinery, told Reuters.

“However, this needs to be confirmed by price action this week. Given the rapid flow of headline news, it’s easiest to expect volatility.”

Brent crude rallied above $115 a barrel after Yemeni Houthis launched attacks on Israel over the weekend, widening the ongoing war and adding to inflation woes. The contract is up 60% so far in March, a record monthly rise.

Traders see little chance of a US rate cut this year, as higher energy prices threaten to feed into broader inflation and limit scope for monetary easing. That compares with expectations for two rate cuts before the conflict began.

While inflation typically boosts gold’s appeal as a hedge, elevated interest rates weigh on the non-yielding metal’s demand.

Gold has fallen more than 14% so far this month, marking its steepest monthly decline since October 2008, pressured by the US dollar, which has gained more than 2% since the US-Israeli war on Iran began on February 28.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.