Gold Rate Today: On the last trading day of the week, Friday, March 7, 2025, a decline was observed in the prices of gold and silver. Gold was also seen trading in the red in the domestic futures market (MCX). Meanwhile, weakness in the prices of precious metals was also observed in international markets, exerting pressure on the domestic market as well.
Gold Prices Decline on MCX
On Friday morning, a decline was recorded in gold prices on the Multi Commodity Exchange (MCX). The price of gold for April 2025 delivery was seen trading at ₹85,740 per 10 grams, down by 0.34% or ₹294. A slight decline in gold prices was also observed on Thursday, which impacted Friday’s trading as well.
Gold Prices in Delhi Bullion Market
A fall in gold prices was also observed in the bullion market of the national capital, Delhi. On Thursday, the spot price of gold in the Delhi bullion market was recorded at ₹89,100 per 10 grams, closing with a drop of ₹200. The primary reason for this decline in domestic gold prices is considered to be the weakness in international markets.
Silver Prices Also Decline
Along with gold, silver prices also saw a decline. The price of silver for May 2025 delivery was seen trading at ₹97,961 per kilogram on MCX on Friday morning, down by 0.18% or ₹180.
However, in the Delhi bullion market, the spot price of silver remained stable on Thursday at ₹99,000 per kilogram. But due to the decline in global markets on Friday, its impact on the domestic market remains a possibility.
Gold Prices Fall in International Market
If we look at the global market, gold prices were also seen falling on Friday morning.
- On Comex, gold was trading at $2,911.20 per ounce, down by 0.53% or $15.40.
- Meanwhile, the global spot price of gold was seen trading at $2,905.24 per ounce, with a decline of 0.23% or $6.56.
Silver Prices Drop in Global Market
Silver prices also appeared weak in the global market.
- On Comex, silver was trading at $33.16 per ounce, down by 0.55% or $0.18.
- Meanwhile, the global spot price of silver was recorded at $32.57 per ounce, with a decline of 0.23% or $0.07.
Reasons for the Decline in Gold and Silver Prices
Several factors may be responsible for the decline in gold and silver prices:
- U.S. Federal Reserve Policy: The Federal Reserve has recently indicated that interest rate cuts will not happen soon, strengthening the dollar and putting pressure on gold prices.
- Strengthening of the Dollar Index: Due to the stronger dollar, investors are distancing themselves from gold, leading to a decline in its prices.
- Increase in Bond Yields: The rise in U.S. bond yields has attracted investors toward bonds, reducing the demand for gold.
- Global Economic Scenario: The possibility of a slowdown in markets like China and Europe, along with economic instability, has made investors cautious.
Will Gold and Silver Prices Decline Further?
Experts believe that fluctuations in gold and silver prices may continue. However, if any positive signals emerge in the global market or the dollar weakens, an improvement in prices can also be seen.
Advice for Investors
- Investors should assess the market situation before investing in gold and silver.
- The current decline could provide a buying opportunity for long-term investors.
- Keep an eye on global signals and the dollar index, as they impact gold and silver prices.
A decline in gold and silver prices was observed in today’s trading, affecting both domestic and international markets. Gold was trading at ₹85,740 per 10 grams on MCX, while silver was at ₹97,961 per kilogram. Meanwhile, in the Delhi bullion market, gold closed at ₹89,100 per 10 grams.
In the coming days, fluctuations in gold and silver prices may continue, so investors should remain cautious and closely monitor market activities.
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