Gold and Silver Prices in India on 21 March 2026: Gold Falls Further, Silver Sees Sharp Drop
Gold prices in India remained under pressure on 21 March 2026, extending their recent decline, while silver recorded a sharper fall. The weakness comes after global cues, including the US Federal Reserve’s hawkish stance and a strong US dollar. Soft demand and cautious investor sentiment continue to weigh on bullion prices, keeping both metals subdued heading into the weekend.
Gold & Silver Prices in Major Cities Today
| City | Gold 24K (10g) | Gold 22K (10g) | Silver (1kg) |
|---|---|---|---|
| Delhi | ₹1,41,540 | ₹1,34,800 | ₹2,60,000 |
| Mumbai | ₹1,41,020 | ₹1,34,300 | ₹2,60,000 |
| Chennai | ₹1,43,010 | ₹1,36,200 | ₹2,60,000 |
| Kolkata | ₹1,42,070 | ₹1,35,300 | ₹2,60,000 |
| Bengaluru | ₹1,41,650 | ₹1,34,900 | ₹2,60,000 |
| Hyderabad | ₹1,43,010 | ₹1,36,200 | ₹2,60,000 |
Intraday Movement in Gold and Silver Prices
Domestic bullion markets remained largely unchanged on Saturday, as MCX stayed closed. Prices tracked the previous session’s movement, where gold slipped towards ₹1,46,000 per 10g. Silver saw a sharper correction, dropping from around ₹2,64,000 to ₹2,60,000 per kg. Overall, price action remained weak, reflecting global market trends rather than fresh domestic trading.
Gold Rate Analysis: Prices Stay Under Pressure
Gold is currently trading in the ₹1,41,000-₹1,46,000 per 10g range. It has corrected from recent highs near ₹1,48,000, showing a mild downward trend. Investors remain cautious due to high global interest rates. While gold continues to act as a safe-haven asset, the strong dollar is limiting upside momentum and keeping prices under pressure.
Silver Rate Analysis: Sharper Decline Continues
Silver has declined more sharply than gold in recent sessions, falling by ₹4,000–₹19,000 per kg. Prices are now around ₹2,60,000 per kg. Weak industrial demand and global uncertainty are weighing on sentiment. Silver’s higher volatility makes it more sensitive to economic changes, leading to wider price swings.
Factors Influencing Gold and Silver Prices Today
- Hawkish stance by the US Federal Reserve
- Strong US dollar is impacting global commodity prices
- Weak global demand for precious metals
- Mixed inflation outlook
- Ongoing geopolitical uncertainties
What Today’s Close Signals for the Market
The market remains cautious, with prices reflecting earlier declines. In the short term, gold and silver are likely to trade in a narrow range, with a slight downside risk. Investors may continue to adopt a wait-and-watch approach and consider buying on dips if prices stabilise.
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