Gold Price Today: There is a big change in the price of gold and silver today amid the wedding season. On Tuesday, March 4, gold jumped by Rs 497 to open at Rs 85917 per 10 grams in the bullion market. Whereas, silver also rose by Rs 575 to open at Rs 94973 per kg.
Gold Price Today: There is a big change in the price of gold and silver today amid the wedding season. On Tuesday, March 4, gold jumped by Rs 497 to open at Rs 85917 per 10 grams in the bullion market. Silver also rose by Rs 575 to open at Rs 94973 per kg. The bullion market rates have been released by the India Bullion and Jewelers Association (IBJA), which does not have GST. It is possible that there may be a difference of Rs 1000 to Rs 2000 in your city. IBJA releases rates twice a day. Once around 12 noon and the other around 5 pm.
According to IBJA rates, the price of 23 carat gold is hot today. Today it opened at Rs 85473 per 10 grams, up by Rs 495. At the same time, the average spot price of 10 grams of 22 carat gold jumped by Rs 455 in the morning to open at Rs 78608. The price of 18 carat has also climbed by Rs 373 to Rs 64363. At the same time, the price of 14 carat gold has now risen by Rs 291 to Rs 50203 per 10 grams.
If we talk about this year, so far in 2025, gold has become expensive by Rs 10077 and silver by Rs 8956. On December 31, 24, gold closed at Rs 75740. Silver also closed at Rs 86017 per kg.
How Gold Prices Are Determined
Gold and silver rates are influenced by a complex interplay of global and local factors. Factors such as worldwide demand, currency exchange rates, interest rates, government policies and global events can significantly impact their value. Jewelers, with their expertise in the precious metals market, can provide valuable insight into these trends and potential price fluctuations.
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