Gold and silver prices in India remained firm on March 11, reflecting movements in global markets and continued investor interest in precious metals. According to a report , domestic bullion prices tracked international trends, where gold maintained a steady upward bias amid economic uncertainty and geopolitical tensions.
In the global market, spot gold was trading around $5,208 per ounce during early Wednesday trade, showing a modest increase as investors looked toward upcoming economic data and signals related to U.S. monetary policy. Meanwhile, silver also registered gains internationally, with spot silver rising to around $88.89 per ounce. Market analysts note that safe-haven demand for precious metals has remained strong due to ongoing geopolitical tensions and shifting inflation expectations.
Domestic prices followed this trend. Data from the All India Sarafa Association indicated that gold of 99.9% purity rose by ₹400 to reach ₹1,64,700 per 10 grams in the national capital, compared with ₹1,64,300 in the previous session. Silver witnessed a much sharper surge, climbing ₹10,975 per kilogram to ₹2,79,275. The strong rebound in silver came after several sessions of decline, reflecting renewed buying interest in the metal.
ALSO READ : Gold and Silver Prices Dip Modestly in India on March 10
City-wise prices show slight variations depending on local taxes, demand, and logistics costs. In major markets such as Mumbai, Delhi, Chennai and Kolkata, gold prices generally align with the national benchmark, though minor differences can occur due to regional market conditions. According to reports cited by NDTV Profit, the price of 24-karat gold in India on March 11 stood at roughly ₹16,239 per gram, while 22-karat gold was around ₹14,886 per gram. Silver prices also remained elevated across key cities.
Experts say precious metals continue to respond to global economic signals, including inflation trends, currency movements and geopolitical developments. A weaker U.S. dollar and softer oil prices have supported bullion prices in recent sessions, while investors remain cautious ahead of key economic indicators from the United States.
Overall, the latest price movement suggests that gold and silver are maintaining their appeal as safe-haven assets. As international developments continue to influence commodity markets, traders and investors are expected to closely monitor global cues and economic data for further direction in precious metal prices.