Gold Rate Today March 9: Rs 1,62,280 Per 10 Gms Across Major Indian Cities

Gold and silver prices in India rose on Monday, March 9, as investors monitored geopolitical developments in the Middle East alongside key macroeconomic data releases influencing domestic market sentiment. According to the Bullions website, the national average gold rate stands at Rs 162,280 per 10 grams, while silver is trading at Rs 268,860 per kilogram. Analysts noted that global cues, combined with domestic demand, are driving cautious optimism among precious metal investors, prompting a slight uptick in prices across major cities.

In international markets, the previous week saw volatility, with COMEX silver futures declining by $8.98, nearly 10 per cent, while gold prices fell by $89.20, or around 1.7 per cent. Despite these global corrections, Indian markets have witnessed a steady increase in rates, reflecting local demand and currency factors. Traders are keeping a close watch on both geopolitical tensions and upcoming economic indicators, which are expected to continue influencing precious metal trends in the short term.

Mumbai, the country’s financial hub, recorded 24-carat gold at Rs 161,990 per 10 grams, marginally ahead of Delhi at Rs 161,710. Kolkata reported gold at Rs 161,770, while southern cities saw higher rates, with Chennai leading at Rs 162,460. Hyderabad and Bengaluru followed closely, trading at Rs 162,240 and Rs 162,120 per 10 grams, respectively, highlighting a noticeable premium for gold in southern markets compared to northern metros.

Also Read: Weak Global Trends Push Silver Down Rs 7,400, Gold Rs 1,300

Silver prices mirrored gold trends, with Mumbai seeing rates at Rs 268,380 per kilogram. Delhi followed with Rs 267,910, while southern hubs such as Chennai and Hyderabad recorded Rs 269,160 and Rs 268,800, respectively. Bengaluru and Kolkata reported silver at Rs 268,590 and Rs 268,020 per kilogram, showing minor regional variations but a consistent upward trajectory across major Indian cities.

Analysts attributed the price rise to ongoing global uncertainties and steady domestic buying, with investors favouring safe-haven assets amid geopolitical tensions. The Middle East situation, coupled with movements in international gold and silver markets, continues to drive cautious trading strategies among Indian buyers and jewellers. Market participants are advised to monitor global trends alongside domestic demand for better investment timing.

Overall, Monday’s data indicates a resilient performance in India’s precious metals sector, with gold and silver rates reflecting both local demand patterns and external market pressures. Investors and traders are closely following city-wise price movements to make informed buying or selling decisions, while experts suggest maintaining awareness of geopolitical developments and macroeconomic indicators that could influence short-term volatility in the metals market.

Gold Rates (per 10 grams)
Mumbai: Rs 161,990
Delhi: Rs 161,710
Bengaluru: Rs 162,120
Chennai: Rs 162,460
Hyderabad: Rs 162,240
Kolkata: Rs 161,770

Silver Rates (per 1 kg)
Mumbai: Rs 268,380
Delhi: Rs 267,910
Bengaluru: Rs 268,590
Chennai: Rs 269,160
Hyderabad: Rs 268,800
Kolkata: Rs 268,020

Also Read: Stock Market Today: Volatile Start Likely for Sensex, Nifty on March 9 Trade