Gold and Silver Prices Today, (March 19, 2025): Gold hits record high, crosses Rs 89,000, Silver at Rs 1,01,369 amid market volatility

Gold and Silver Prices Today, March 19, 2025: Gold and silver prices on Wednesday, March 19, 2025, recorded notable gains in both domestic and international markets, driven by safe-haven demand amid geopolitical tensions and economic uncertainties.

Domestic Gold Market 

Gold prices surged to a new record high for the second consecutive session on Wednesday, March 19, crossing Rs 89,000 per 10 grams for the first time in the domestic futures market. Similarly, silver futures for May witnessed a marginal uptick of 0.1 per cent, adding Rs 100 to trade at Rs 1,01,369 per kilogram.

Global Market 

Gold maintained its position above the critical $3,000 per ounce mark, trading near record highs. Spot gold was steady at $3,029.70 per ounce as of 0230 GMT after reaching an all-time high of $3,038.26 the previous day. U.S. gold futures saw a slight dip of 0.1 per cent, standing at $3,037.50 per ounce.

Spot silver, however, eased by 0.3 per cent to $33.92 per ounce, while platinum and palladium prices dropped by 0.5 per cent and 0.7 per cent, respectively.

Geopolitical tensions in the Middle East, including Israeli airstrikes on Gaza and the U.S. strike on Houthi forces, have reignited fears of instability, boosting the demand for safe-haven assets like gold and silver.

Additionally, investors are closely monitoring the Federal Reserve’s decision on interest rates, which could significantly impact market dynamics. The Fed is expected to maintain the benchmark interest rate within the 4.25 per cent-4.50 per cent range.

KCM Trade Chief Market Analyst Tim Waterer remarked, "Gold is thriving in the current environment as an uncertainty hedge, especially amid concerns over tariffs, growth, and inflation."

Expert Insights

Director at India Nivesh, noted, Manoj Jain, stated “Gold and silver have gained due to safe-haven demand and a weaker dollar index. However, volatility is likely to persist this week due to the Fed meeting outcomes and geopolitical uncertainties.”

Gold prices are expected to hold key support levels of $2,922 and $32.40 per ounce, with potential resistance at $3,050 for gold and $35.00 for silver.

City-wise Gold Prices in India (March 19, 2025):

Mumbai: Rs 9,044 (24K), Rs 8,290 (22K), Rs 6,783 (18K)
Chennai: Rs 9,044 (24K), Rs 8,290 (22K), Rs 6,840 (18K)
Bangalore: Rs 9,044 (24K), Rs 8,290 (22K), Rs 6,783 (18K)
Hyderabad: Rs 9,044 (24K), Rs 8,290 (22K), Rs 6,783 (18K)
Kolkata: Rs 9,044 (24K), Rs 8,290 (22K), Rs 6,783 (18K)