Gold prices drop on March 1, 2025: Third consecutive day of decline
Today, on the first day of the month, March 1, 2025, the price of gold has fallen. Gold has become cheaper for the third consecutive day. On Saturday, the price of gold has come down by Rs 500. At the same time, the price of 22-carat gold has come down by Rs 450. In the big cities of the country, the price of 24-carat gold is trading around Rs 86,800 and 22-carat gold around Rs 79,500. Check today's gold price.
The strengthening of the dollar index has put pressure on gold prices. According to Rahul Kalantri of Mehta Equities Limited, the announcement by the U.S. President to impose new tariffs on Mexico and Canada has strengthened the dollar, impacting the bullion market. Additionally, speculation that the U.S. Federal Reserve may delay potential interest rate cuts has weakened the demand for gold. The increasing economic pressure in the global market and investors' cautious approach have also contributed to the decline in gold prices.
Today’s Gold Rates in major Indian cities (Rs. Per 10 Grams)
New Delhi
24-carat gold – ₹86,980
22-carat gold – ₹79,740
Mumbai
24-carat gold – ₹86,830
22-carat gold – ₹79,590
Kolkata
24-carat gold – ₹86,830
22-carat gold – ₹79,590
Chennai
24-carat gold – ₹86,830
22-carat gold – ₹79,590
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 just a means of investment but is also an important part of our traditions and festivals. Its demand increases especially during weddings and festivals.
