Indian festivals and precious metals share a deep connection. It is rare to find someone who does not appreciate gold and silver jewellery. This strong cultural preference makes these metals shine even brighter during festivals and weddings. The same is true for Holi, as gold prices have surged ahead of the festival. If you plan to buy gold before Holi, be prepared to spend a little more.
Gold Prices Today
Today, the price of 24-carat gold in Delhi stands at ₹86,220 per 10 grams. In other metro cities, the prices are:
Kolkata: Rs 86,100 per 10 gramsMumbai: Rs 86,220 per 10 gramsChennai: Rs 86,470 per 10 grams
Also Read: Price of Vegetarian Thali drops while Non-Veg Thali surges in February: Crisil Report
Silver Prices Today
Silver futures also opened on a higher note. The benchmark silver contract on the Multi Commodity Exchange (MCX) saw an increase today. As of March 10, 2025, the price of silver is Rs. 97,600 per kg.
The silver rates per 10 grams in major cities are:
Delhi: Rs. 973.7Chennai: Rs. 978.2Mumbai: Rs. 990
Silver’s Strong Performance
Last year, silver futures prices in India surged by 17.50 percent, exceeding the 10-year average of 9.56 percent. Silver has shown strong performance over the past two years, and in 2025 alone, it has already increased by 11 percent.
What Determines Gold Prices?
Gold prices fluctuate due to several factors. Besides being an investment, gold holds deep cultural significance in India, especially during festivals and weddings. This drives demand, often pushing prices higher. Additionally, global market trends, government taxes, and fluctuations in the rupee’s value influence gold rates. The traders' association in each city announces the daily price, considering these factors. As Holi approaches, gold and silver continue to shine, reflecting both tradition and market dynamics.