Gold Price in India Remains Above Rs 1.48 Lakh Mark, Silver Rate Today Nears Rs 2.5 Lakh | March 29 Rates

Gold Price In India: The price of 24 karat, 22 karat and 18 karat gold in India remained stable after witnessing a weekly gain amid signs of Iran-US war de-escalation in the West Asia. Silv rate in India today also remained stable. The stability in the domestic precious metals market mirrored trend in the global market after the United States President extended the deadline to secure a deal and end war with Iran.

Back in India, gold prices saw a massive crash in the beginning of the week, but recovered in the second half of the week. For retail jewellery buyers and investors who track gold and silver prices in India on a daily basis, here are latest rates on Sunday, March 29.

Gold Rate in India

The price of 24 karat gold in India remained stable on Sunday, March 29. The rate of 24 karat gold in India stood at Rs 14,809 per gram on Sunday. Meanwhile, the price of 22 karat gold in India was recorded at Rs 13,575 per gram. Likewise, the rate of 18 karat gold in India also stood at Rs 11,107.

Silver Rate in India

The price of silver in India remained stable on Sunday, March 29. Silver price today stood at Rs 245 per gram and Rs 2,45,000 per kilogram on March 29.

Gold Price in India Ends Week With Gains

Gold price today remained stable, however, the precious metal's rate saw a gain of Rs 2,120 ( for per 10 grams of 24 karat gold). Despite weekly gains, gold prices in India are hovering near a two-week low amid ongoing geopolitical tensions. The Iran-US conflict has triggered a sharp rally in crude oil prices, raising inflation concerns and shifting investor sentiment away from safe-haven assets like gold and silver.

The sharp reversal in gold price movement has come after US President Donald Trump extended the deadline to secure a deal with Iran. On Thursday, March 26, Donald Trump said that he is pausing any strike on Iran's power plants until April 6. He also indicated that talks with Iran are going very well. Donald Trump's comments provided some relief to the markets which saw a sharp volatility in the last two to three weeks. Crude oil prices also showcased some stability however remained close to $100 per barrel mark in the weekend.

"Gold prices declined in previous session as mixed signals from U.S. President Trump regarding Iran peace talks and a strengthening U.S. dollar weighed on bullion sentiment. Bullion had earlier attempted a recovery, climbing back above the $4,500 mark amid a softer dollar and initial optimism around potential diplomatic progress, but failed to sustain gains as uncertainty resurfaced," stated Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd on Friday.