rewrite this title and make it good for SEOGold and Silver Rates (March 12, 2025): Gold Futures fall to Rs 86,068, Silver gains to Rs 98,385 per kg

Gold April futures witnessed a minor decline by 0.8% (-Rs 68), closing at Rs 86,068 per 10 grams. Meanwhile, spot gold prices held steady in international markets, trading flat at $2,916.69 an ounce as of 0300 GMT. US gold futures saw a slight increase of 0.1%, reaching $2,922.30.

“Gold is operating in ‘consolidation mode’ ahead of the next batch of US inflation data,” Tim Waterer, Chief Market Analyst at KCM Trade, stated. The much-anticipated US CPI (Consumer Price Index) report due later today is expected to pass details into the Federal Reserve’s monetary policy for the remainings of 2025.

Silver Futures Rates

Silver Futures gained 0.26% (Rs 253) to trade at Rs 98,385 per kg. However, spot silver in the global market slipped by 0.5%, settling at $32.76 an ounce. Other precious metals also displayed mixed trends, with platinum rising 0.4% to $978.60, while palladium dipped 0.6% to $940.53.

Inflation and Trade Tensions

The Federal Reserve’s potential interest rate trajectory remains the prime factor influencing gold rates. Higher interest rates tend to reduce the appeal of non-yielding assets like gold. Additionally, US President Donald Trump’s trade policies, including tariffs on steel and aluminum imports, have increased inflationary pressures and fueled economic uncertainty.

Gold remains a preferred investment during times of global economic tension, despite the decline. Waterer added, “Gold is likely to remain a favoured asset as long as tariff wars and growth slowdown concerns persist.”

Manoj Jain, Commodity Expert at India Nivesh, commented:

“Gold and silver made a solid comeback from previous sessions low amid safe-haven buying and weakness in the dollar index. Trend volatile.On Tuesday, gold and silver were settled on a positive note in the international markets. Gold April futures contract were settled at $2,920.90 per troy ounce up by 0.74% and silver May futures contract were settled at $33.147 per troy ounce, up by 1.89%.”

“Domestic markets were also settled on a positive note. Gold April futures contract settled at Rs 86,152 per 10 grams with a gain of 0.86% and silver May futures contract settled at Rs98,132 per kilogram with a gain of 1.73%. Gold and silver made a solid comeback from previous sessions low amid safe-haven buying after US President Trump increased tariffs on Canada. The US equity markets extended its fall and also supported safe-haven buying for precious metals. The dollar index is trading nearly 5-month lows and slipped below 104 marks and supported gold and silver prices. Gold prices crossed $2900 per troy ounce and silver prices also crossed $33 per troy ounce levels once again,” he added.

“Uncertainty in the global financial markets could continue to support prices of precious metals. If gold prices cross and sustain above $2932 per troy ounce levels could show further strength while silver prices sustain above $33.20 per troy ounce levels could extend its gains.”

“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, the US trade war and ahead of the US inflation data but gold and silver could hold its key support levels of $2,840 and $30.80 per troy ounce levels respectively in the international markets on a weekly closing basis. Gold has support at $2900-2884, while resistance at $2934-2955 per troy ounce and silver has support at $32.84-32.55, while resistance is at $33.40-33.70 per troy ounce in today’s session. At mcx, gold is having support at 85850-85500 and resistance at 86360-86720 while silver is having support at 97400-96650 and resistance at 99000-99800. We suggest buying silver around 97650 with a stop loss of 96950 for the target of 99200,” he further added.

Worldwide Developments

The US administration’s act to continue military aid and intelligence sharing with Ukraine indicates potential de-escalation in the ongoing conflict with Russia. Kyiv’s agreement to a 30-day ceasefire proposal may subtle geopolitical tensions, though its long-term impact on precious metals remains uncertain.

City-Wise Gold Prices in India (March 12, 2025)

Mumbai: Rs 88,832.10 (24K), Rs 81,429.43 (22K)
Chennai: Rs 91,464 (24K), Rs 83,842 (22K)
Bangalore: Rs 91,464 (24K), Rs 83,842 (22K)
Hyderabad: Rs 91,464 (24K), Rs 83,842 (22K)