Gold and Silver Prices in India on 24 March 2026: Gold Prices Fall for 10th Straight Day, Silver Jumps ₹5,000/kg at Market Close
Gold and silver prices in India on 24 March 2026 reflected a mixed trend at market close, with gold extending its recent decline while silver registered a modest uptick. The ongoing global uncertainty, shifting interest rate expectations, and currency movements continue to influence bullion markets. Despite geopolitical tensions, including concerns around the Iran conflict, gold has remained under pressure, signalling a shift in investor sentiment and profit-booking activity.
Gold and Silver Prices in Top Indian Cities on 24 March 2026
| City | 22K Gold (10g) | 24K Gold (10g) | Silver (1kg) |
|---|---|---|---|
| Delhi | ₹129,650 | ₹136,130 | ₹240,000 |
| Mumbai | ₹129,150 | ₹135,610 | ₹240,000 |
| Chennai | ₹130,000 | ₹136,500 | ₹240,000 |
| Hyderabad | ₹130,000 | ₹136,500 | ₹240,000 |
| Bangalore | ₹129,750 | ₹136,240 | ₹240,000 |
| Jaipur | ₹129,690 | ₹136,170 | ₹240,000 |
| Kolkata | ₹130,150 | ₹136,660 | ₹240,000 |
| Pune | ₹129,150 | ₹135,610 | ₹240,000 |
| Ahmedabad | ₹129,690 | ₹136,170 | ₹240,000 |
| Lucknow | ₹129,650 | ₹136,130 | ₹240,000 |
Gold Rate Analysis
Gold prices continued their downward trajectory for the 10th consecutive session, reflecting global bearish sentiment and reduced safe-haven demand.
Gold Price Comparison (Today vs Yesterday)
22 Carat Gold
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹12,915 | ₹12,885 | ₹30 |
| 10 grams | ₹129,150 | ₹128,850 | ₹300 |
| 100 grams | ₹1,291,500 | ₹1,288,500 | ₹3,000 |
24 Carat Gold
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹13,561 | ₹13,529 | ₹32 |
| 10 grams | ₹135,610 | ₹135,290 | ₹320 |
| 100 grams | ₹1,356,100 | ₹1,352,900 | ₹3,200 |
What’s Driving Gold Prices?
- Global market trends: International spot prices remain weak amid reduced demand for safe-haven assets.
- US Dollar strength: A stronger dollar typically makes gold more expensive for other currency holders.
- Interest rate outlook: Higher interest rates reduce gold’s appeal as a non-yielding asset.
- Geopolitical developments: Despite tensions, investors are shifting towards other instruments.
- Demand-supply dynamics: Seasonal demand and inflation expectations continue to influence domestic pricing.
Silver Rate Analysis
Silver prices, in contrast, saw a mild recovery, supported by industrial demand and slight easing in global volatility.
Silver Price Comparison (Today vs Yesterday)
| Quantity | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹240 | ₹235 | ₹5 |
| 10 grams | ₹2,400 | ₹2,350 | ₹50 |
| 100 grams | ₹24,000 | ₹23,500 | ₹500 |
Factors Affecting Silver Prices
- Industrial demand: Silver’s usage in electronics and solar industries impacts pricing trends.
- Global cues: Movements in oil prices and the US dollar influence silver rates.
- Currency fluctuations: A weaker rupee makes silver imports costlier.
- Festive demand: Seasonal buying during weddings and festivals boosts prices.
- Policy and geopolitical factors: Global uncertainty and policy shifts affect investor behaviour.
Final Thoughts
At the close of 24 March 2026, India’s bullion market showcased diverging trends, gold under sustained pressure and silver displaying resilience. While gold’s decline reflects global macroeconomic shifts and reduced safe-haven demand, silver’s modest gains indicate underlying industrial strength. Investors may remain cautious in the near term, closely tracking global cues, interest rate signals, and currency movements before making fresh allocations in precious metals.
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