Gold Rate Today on March 3, 2025, the price of gold has fallen. Gold has become cheaper on the first day of the week and for the fourth time in a row. On Monday, the price of 24 carat gold has come down by Rs 240. At the same time, the price of 22 carat gold has come down by Rs 200. In the big cities of the country, the price of 24 carat gold is trading around Rs 86,600 and 22 carat gold around Rs 79,300. The price of one kilogram of silver is at the level of Rs 96,900. Check today’s gold and silver price.
Why is the price of gold and silver falling?
Gold prices are falling due to the strength of the dollar. According to Rahul Kalantri of Mehta Equities, the dollar strengthened due to the US President’s imposition of new tariffs on Mexico and Canada, which reduced the demand for gold. Apart from this, speculation of the Federal Reserve postponing interest rate cuts has also increased pressure on the bullion market. Gold prices remain weak due to global economic uncertainty and investor caution.
Silver Price
The price of silver on March 3, 2025 is Rs 96,900 per kg. There has not been much change in the price of silver today.
How is the price of gold decided?
The price of gold in India keeps changing due to many reasons, such as international market prices, government taxes and fluctuations in the value of rupee. Gold is not only a means of investment, but is also an important part of our traditions and festivals. Its demand increases especially during weddings and festivals.
