Gold and Silver Price in India on 18 March 2026: Gold Stays Stable, Silver Steady at ₹2.75 Lakh/kg | Market Close Analysis
Gold and silver prices in India remained largely stable with a slight downward bias on March 18, 2026, reflecting mixed global cues and cautious investor sentiment. As per the latest data, 24K gold is trading around ₹15,236-₹15,341 per gram (₹1.52-₹1.53 lakh per 10 grams), while 22K gold stands near ₹14,510-₹14,610 per gram (₹1.45-₹1.46 lakh per 10 grams) across major cities.
Silver prices, on the other hand, are relatively steady at ₹275 per gram, which translates to approximately ₹2.75 lakh per kilogram in the domestic market.
The broader bullion market is currently in a consolidation phase. While geopolitical tensions and safe-haven demand continue to support prices, a strong US dollar and uncertainty around interest rate decisions are limiting further upside. Overall, gold is stable, while silver remains range-bound with minimal intraday volatility.
Gold and Silver Prices on 18 March 2026 in Major Indian Cities
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1 kg) |
|---|---|---|---|
| Delhi | ₹1,52,880 | ₹1,45,600 | ₹2,75,000 |
| Mumbai | ₹1,52,360 | ₹1,45,100 | ₹2,75,000 |
| Chennai | ₹1,52,990 | ₹1,45,700 | ₹2,75,000 |
| Kolkata | ₹1,53,410 | ₹1,46,100 | ₹2,75,000 |
| Bengaluru | ₹1,52,990 | ₹1,45,700 | ₹2,75,000 |
| Hyderabad | ₹1,52,990 | ₹1,45,700 | ₹2,75,000 |
| Ahmedabad | ₹1,52,920 | ₹1,45,640 | ₹2,75,000 |
| Pune | ₹1,52,360 | ₹1,45,100 | ₹2,75,000 |
Prices may vary slightly due to local taxes, demand, and transportation costs.
Intraday Movement in Gold and Silver Prices
Gold prices traded within a narrow range during today’s session, showing mild weakness compared to previous highs. On the Multi Commodity Exchange (MCX), bullion prices opened steady and moved sideways as investors avoided aggressive positions ahead of key global economic cues.
Globally, gold remained under pressure due to expectations of prolonged higher interest rates in the US, which typically reduces the attractiveness of non-yielding assets. However, ongoing geopolitical tensions and safe-haven demand provided a floor to prices, preventing sharp declines.
Silver mirrored gold’s movement but remained relatively more stable today, with limited intraday fluctuations. The metal continues to track both precious metal sentiment and industrial demand signals.
Gold Rate Analysis
Gold prices in India are currently consolidating below recent peak levels, indicating a pause in the recent rally. Over the past week, the trend has been largely sideways, with intermittent corrections.
Investor demand remains steady, particularly through financial instruments such as ETFs. However, physical demand has softened slightly due to elevated price levels, making purchases less attractive for retail buyers.
Despite this, the ongoing wedding season continues to support baseline demand in India. Jewellers report selective buying, especially during price dips, suggesting that consumers are waiting for better entry points.
Silver Rate Analysis
Silver prices are holding steady at around ₹2.75 lakh per kg, showing less volatility compared to previous sessions. While silver often moves in tandem with gold, it is also influenced by industrial demand.
Demand from sectors such as electronics, solar energy, and manufacturing continues to provide long-term support to silver prices. However, short-term movements remain tied to global economic signals and currency trends.
Compared to gold, silver tends to be more volatile, but today’s session reflects a relatively stable trend.
Factors Influencing Gold and Silver Prices Today
- Global Economic Uncertainty
Geopolitical tensions continue to support safe-haven demand. - US Dollar Movement
A stronger dollar is limiting gains in gold and silver. - Central Bank Policies
Interest rate expectations, especially from the US Federal Reserve, are influencing market sentiment. - Safe-Haven Demand
Investors are cautiously allocating funds to gold amid uncertainty. - Domestic Demand in India
Wedding season demand supports prices, though high rates are impacting volumes.
Outlook for Gold and Silver
In the near term, gold and silver prices are expected to remain range-bound with intermittent volatility. Key global triggers such as US inflation data, Federal Reserve policy decisions, and geopolitical developments will guide the next move.
For Indian buyers, elevated prices may continue to limit aggressive purchases. However, any short-term correction could revive demand, especially in the jewellery segment. Investors should closely track global cues and currency movements for further direction.
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