Gold Price Today : Gold and silver prices have risen sharply ahead of Diwali. A new record has been set in the stock market. The price of gold in the Indian market today (March 13) has set a new high. On the Multi Commodity Exchange (MCX), the price of gold reached Rs 86875 per 10 grams, which is an all-time high. Meanwhile the price of silver has declined down. On the MCX, silver was trading at Rs 99300 per kg, down by Rs 180.
Gold became costlier by Rs 20,000 in 1 year
The price of gold on MCX has increased by more than 20 thousand rupees in the last one year. The prices have gone up by 30%. On March 25, 2024, the rate of gold was selling at Rs 66022 per 10 grams, which has reached Rs 86000 per 10 grams on March 12, 2025. Similarly, the price of silver also jumped up by 32%, selling at Rs 98800 per kg from Rs 74923.
Expert’s view on bullion market
Motilal Oswal Financial Services (MOFSL) Senior Analyst (Commodities Research) Manav Modi said, “Gold prices traded higher on dollar decline. However, the US inflation data showed a decline. Inflation stood at 2.8% in February, down from 3% in the previous month. He said that amid the possibility of a change in interest rates, investors’ eyes will be on the US PPI data coming this evening.
Ajay Kedia of Commodity Market Kedia Advisory said that the reason for the rise in gold prices is the tension caused by global trade. Because of this, the demand for gold as a safe investment has increased. The price of silver also surged. Uncertainty over tariffs and easing inflation could prompt the US Fed to cut rates.
Gold and Silver in the Global Market
Gold prices are seeing an uptick amid uncertainty over tariffs. On COMEX, the price of gold is trading at $2953 per ounce. Silver is also trading at $33.80 per ounce. In fact, the bullion market predicts that the US central bank can cut interest rates due to falling inflation.
Also Read :- Gold Price Today: Gold and Silver Prices Observe a Rise Here are the new rates
