Gold Rate in India Jumps To Record High On Holi 2025; 24k/100g Gold Surges Rs.12,000; Silver Spikes Too

Gold prices in India today witnessed the biggest jump of the week, with gold rates reaching record levels on the occasion of Holi. The 22 carat gold price today stands above the 82,000 mark, while the 24 carat gold rate is about to touch the 90,000 level very soon if this rally continues. The demand for gold has jumped on holi due to which gold prices are surging massively.

Bullion is on the way to gains due to massive uncertainty regarding the trade wars along with the expectation of monetary policy easing from the Federal Reserve meeting scheduled for next week, which will give more ideas of the gold price path.

Gold Rate In India Today

On 14th March, 24 carat gold rates in India jumped by Rs. 1200 per 10 grams to cost Rs. 89,780. While the 22 carat gold price stands at Rs. 82,300 per 10 grams after a rise of Rs. 1100. The cheaper variant, 18 carat gold, spiked by Rs. 900 to retail at Rs. 67,340 per 10 grams.

The bigger weight variant was seen at the same spike. 100 grams of 24 carat gold rates now retail at Rs. 897,800, and the 22 carat gold rates per 100 grams now cost Rs. 8,23,000

Silver prices in India today

Silver rates in India on Holi 2025 also saw a big jump, with prices rising to Rs. 2000 per kg. Currently, 1 kg of silver costs Rs. 103,000 with an increase of Rs. 2,000, and 100 grams of silver costs Rs. 10,300, which jumps to Rs. 200.

Gold prices in Chennai, Bengaluru, and Hyderabad

10 grams of 24-carat gold rates in Chennai stand at Rs. 89,780, while the 22 carat gold prices in Chennai cost Rs. 82,300.

Similarly, gold rates in Bangalore for 22 carats are now at Rs. 82,300, while the 24 carat gold price in Bangalore is now at Rs. 89,780.

Gold prices in Hyderabad are also mirroring the gold rates in India today, where the price of 22 carat gold stood at Rs. 82,300 per 10 grams. A 24 carat gold retails at Rs. 87,780 per 10 grams.

MCX Gold and Silver Futures Prices

Gold prices on the MCX (Multi Commodity Exchange) also rose sharply. Currently, gold futures prices due to mature on April 4, 2025, stand at Rs. 87,775. Silver futures, with an expiration date of May 5, 2025, saw a decline this morning, trading 0.09% lower at Rs. 1,00,450.

Global Gold and Silver Price Update

According to Reuters, bullion is set for its second consecutive weekly gain, rising 2.5% so far. As of 03:30 GMT, spot gold remained steady at $2,987.51 per ounce after briefly touching a record high of $2,990.09, nearing the key $3,000 mark. Meanwhile, U.S. gold futures climbed 0.3% to $3,000.20. Spot silver held firm at $33.80 per ounce.

Gold price Outlook Ahead

As per the commodity report from ICICI Direct, "Gold is expected to rise further towards the $2960 level on an increase in demand for safe haven following fears over a broader global trade war. US President Donald Trump threatened to escalate trade tension with further tariffs on EU goods if it follows through with its plan to enact counter tariffs on some US goods next month. Moreover, China also said it will take all necessary measures to safeguard its rights and interests after the Trump administration increased tariffs on steel and aluminum imports. Additionally, all eyes will be on a slew of economic data from the US to get more cues on the interest rate trajectory. • Spot gold is likely to hold the support near the $2900 level and rise towards the $2960 level. A break above the $2960 level prices may rally further towards the $2980 level."