Gold Prices Dip Further in Major Cities on March 7, Silver Holds Steady Amid Profit Booking

New Delhi/Mumbai, March 7 (TNA) Gold rates continued their downward trajectory across major Indian cities today, extending losses from Friday amid profit-taking and a stronger dollar, while silver prices remained largely stable.

In Delhi, 22-karat gold is quoted at ₹14,960 per gram (down ₹130 from yesterday), with 24-karat at around ₹16,128 per gram; Mumbai, Kolkata, Bangalore, and Hyderabad align at ₹16,113 for 24K and ₹14,770 for 22K per gram.

Chennai stands slightly higher at ₹16,320 for 24K and ₹14,960 for 22K per gram, reflecting regional premiums, as recent highs above ₹16,500 per gram prompt selling. Silver rates held firm, with Delhi, Mumbai, Kolkata, Bangalore, and Pune at ₹2,849-2,850 per 10 grams (₹2,84,900-2,85,000 per kg), while Chennai, Hyderabad, and Kerala command ₹2,949 per 10 grams (₹2,94,900 per kg).

These trends mirror MCX futures, where gold eased tracking international spot prices post-geopolitical peaks, and silver finds support near ₹2,57,700 per kg with resistance at ₹2,66,000. Bullion traders advise caution for investors eyeing dips ahead of weekend volatility.