The current study was designed to examine the role of depression and hopelessness in suicide ideation. Suicidal ideation is an irrational autogenic desire to die. The rationale behind suicide, which is defined as intentional taking of one's own life, can be as simple or as complex as life itself. Depression is a state of low mood and aversion to activity that can have a negative effect on a person's thoughts, behavior, feelings, world view and physical wellbeing. Hopelessness is used of a feeling of futility and passive abandonment of oneself to fate. Despairing refers to the loss of hope in regard to a particular situation. 100 Unmarried working women and 100 Married working women in the age range of 35-45 years completed Beck's Suicide Ideation Scale, Beck's Depression Inventory and Beck's Hopelessness Scale. The measures of suicide ideation, depression and hopelessness were correlated. The study reveals that suicide ideation correlated with depression (r = .49, p<.01). The correlation between suicide ideation and depression remained significant for unmarried working women even when the role of hopelessness was partial led out. The correlation between suicide ideation and hopelessness (r = .54, p<.01) remained significant even after partialling-out the role of depression. Hopelessness as measured by Beck's Hopelessness Scale has emerged as a salient variable. The correlations, however, differed for Unmarried and Married working women.