Gold Near ₹1.63 Lakh, Silver at ₹2.85 Lakh: How Precious Metals Closed on 9 March 2026
Gold and silver prices in India ended the trading session on 9 March 2026 with a mild downward trend as global cues and currency movements weighed on precious metals. Domestic bullion markets tracked international price movements along with activity on the Multi-Commodity Exchange (MCX).
As of market close, 24K gold is trading around ₹16,363 per gram, or roughly ₹1,63,630 per 10 grams in India. Meanwhile, 22K gold is priced near ₹14,999 per gram, translating to about ₹1,49,990 per 10 grams. Silver prices are hovering around ₹285 per gram, or approximately ₹2,85,000 per kilogram in the domestic market.
Overall, bullion prices witnessed a slight decline compared to the previous session, reflecting cautious investor sentiment and global macroeconomic factors. A stronger US dollar, fluctuations in crude oil prices, and geopolitical developments have influenced the precious metals market throughout the day.
Gold and Silver Prices Today in Major Indian Cities
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1 kg) |
|---|---|---|---|
| Delhi | ₹1,63,800 | ₹1,50,100 | ₹2,85,000 |
| Mumbai | ₹1,63,630 | ₹1,49,990 | ₹2,85,000 |
| Chennai | ₹1,64,180 | ₹1,50,150 | ₹2,88,000 |
| Kolkata | ₹1,63,630 | ₹1,49,990 | ₹2,85,000 |
| Bengaluru | ₹1,63,630 | ₹1,49,990 | ₹2,85,000 |
| Hyderabad | ₹1,63,630 | ₹1,49,990 | ₹2,85,000 |
| Ahmedabad | ₹1,63,750 | ₹1,50,050 | ₹2,85,000 |
| Pune | ₹1,63,630 | ₹1,49,990 | ₹2,85,000 |
Note: Prices may vary slightly across cities due to local taxes, transportation costs, and regional demand.
Intraday Movement in Gold and Silver Prices
Gold and silver prices saw moderate declines during today’s trading session, both in domestic markets and internationally. On the MCX, gold futures settled near ₹1.60 lakh per 10 grams, reflecting a drop from the previous session. Silver also recorded a notable decline, slipping by several thousand rupees per kilogram during intraday trading.
Global bullion prices faced pressure due to a strengthening US dollar, which makes gold more expensive for buyers holding other currencies. At the same time, rising crude oil prices and persistent geopolitical tensions have increased inflation concerns, influencing investor positioning in commodities.
Market participants also booked profits after the strong rally seen in precious metals over the past few weeks, contributing to today’s price correction.
Gold Rate Analysis
Gold prices in India remain near record levels despite the mild correction seen today. Over the past year, the yellow metal has witnessed a significant rally driven by global economic uncertainty, central bank purchases, and currency volatility.
Today’s decline can be attributed to profit booking and a stronger US dollar, both of which tend to dampen demand for bullion in global markets. When the dollar strengthens, gold becomes more expensive for international investors, often leading to short-term price pressure.
In India, high prices have begun to affect physical demand, particularly among retail jewellery buyers. Some consumers are postponing purchases due to affordability concerns.
However, the upcoming wedding season demand and festival purchases may provide support to domestic gold prices in the coming weeks.
Silver Rate Analysis
Silver prices in India are currently trading around ₹2.85 lakh per kilogram, reflecting a noticeable pullback during the latest trading session.
Unlike gold, silver has a strong industrial demand component. It is widely used in sectors such as electronics, renewable energy, solar panels, and manufacturing. Because of this dual role as both an investment asset and an industrial metal, silver prices tend to be more volatile than gold.
Recent fluctuations in global commodity markets and currency movements have contributed to today’s decline in silver prices.
Despite the short-term correction, strong industrial demand could continue to support silver prices over the medium term.
Factors Influencing Gold and Silver Prices Today
Several key factors are currently driving precious metals prices:
- Global Economic Uncertainty
Precious metals often gain attention during periods of geopolitical tension and economic instability. - US Dollar Movement
A stronger dollar generally pressures gold and silver prices globally. - Central Bank Policies
Interest rate expectations from major central banks influence investor demand for bullion. - Safe-Haven Demand
Investors turn to gold and silver during stock market volatility and geopolitical crises. - Domestic Demand in India
Jewellery purchases during weddings and festivals play a significant role in local price trends.
Outlook for Gold and Silver
Looking ahead, precious metals are expected to remain volatile in the near term, as global markets continue to react to geopolitical developments, inflation trends, and central bank policy signals.
Investors and buyers will closely monitor US dollar movements, global inflation data, and geopolitical developments in the coming days. While short-term corrections may continue, long-term demand for gold and silver as hedge assets is likely to keep prices supported.
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