Gold price today in png (31st Mar 2025)

As of today, the price of gold in India continues to be a topic of great interest, with its value subject to daily fluctuations influenced by various factors such as global economic conditions, demand and supply dynamics, and geopolitical events. This ongoing volatility underscores the importance of tracking gold prices for investors, traders, and individuals looking to make informed financial decisions.

1. Central Bank :

   Central Banks buying gold is a strong indicator that gold prices will shoot up. During economic turmoil, demand for gold in central banks increases as they hedge in gold.

2. Import costs :

   Since demand is primarily met through gold imports, import costs affect the gold rate in India. Higher the costs, the higher the price of gold.

3. Interest rates on bank fixed deposits :

   When FD rates fall, investors prefer moving their money to gold. Hence, the demand for gold rises and thereby prices.

4. Strength of the US dollar :

   When the US dollar weakens, gold rates in India rise and gold prices in India fall when the US dollar strengthens.

5. Global economic stability :

   Gold prices rise during economic instability as gold is considered a safer asset than others. People tend to move their money out of riskier assets into gold.

6. Seasonality :

   In India, demand for gold during festivals, marriages, and other auspicious occasions. Prices tend to be higher during these times.

7. Inflation :

   Since gold is bought to hedge against inflation, gold prices tend to rise when inflation is on an upward trend.

8. Production costs :

   Mining companies sometimes increase prices on production costs. This is reflected in the price of gold imported into India.

9. Supply :

   Domestic production and supply are limited in India. Supply constraints can push prices upwards. Similarly, lower supplies of gold globally can make the metal dearer in India.

1. Gold Jewellery, Gold bars & coins :

   Since demand is primarily met through gold imports, import costs affect the gold rate in India. Higher the.

2. Digital gold :

   When you buy digital gold, you will be investing in pure gold, the physical equivalent of which will be securely stored by the seller in high-security vaults.

3. Gold ETFs or Gold exchange traded funds :

   When you buy digital gold, you will be investing in pure gold, the physical equivalent of which will be securely stored by the seller in high-security vaults.

4. SGB:

   Sovereign Gold Bonds are the safest way to buy digital Gold as they are issued by the Reserve Bank of India on behalf of the Government of India with an assured interest of 2.50% per annum

5. MCX:

   Gold is traded through spot contracts or derivative contracts, i.e., investors can trade in gold without possessing its physical form.

For a balanced investments portfolio, one can follow the  100-AGE  formula. 100-AGE should be the percentage of your portfolio that you should invest in Equities (Mutual funds, stocks). Rest should be invested in Gold, debt instruments & other precious metals.