Gold Silver Price Today, 24 March 2026: City-Wise Prices As MCX Gold And Silver Steady After Sharp Fall

This article provides a concise snapshot of gold and silver price movements on 24 March 2026, detailing international and domestic rates, intraday shifts, citywise variations in India, and factors influencing the outlook such as the US dollar, bond yields, and West Asia developments. It highlights how currency movements and seasonal demand affect local prices and guidance for buyers.

Gold and Silver Price Today on 24 March 2026 show mixed signals, with both metals steady after heavy falls. International gold is trading near $4,418.36 per ounce, while spot silver hovers around $69.55. In India, 24K gold is near ₹1.35 lakh per 10 grams, and silver around ₹2.29 lakh per kilogram.

The pullback follows a sharp March correction for both gold and silver, driven mainly by a stronger US dollar and changes in bond yields. Domestic prices in India have also dropped, though weakness in the Rupee has limited some of the downside. Traders are watching West Asia tensions and central bank signals for fresh direction.

Gold Price Today: International gold rates and trend overview

On 24 March 2026, international spot gold is quoted at about $4,418.36 per ounce, showing a modest daily gain of 0.23 percent. Prices have bounced slightly from four‑month lows but remain well below early March highs. Market sentiment is calmer, as investors react to easing geopolitical risks in West Asia and softer US Treasury yields.

Intraday data for the active gold contract GCW00 indicates a gradual recovery. Prices moved from $4,400 at 2:00 pm on 23 March to $4,424 by 5:00 am on 24 March. The session opened at $4,414.80, reached a high of $4,450.50, and a low of $4,363.50. Volume stands at 7,508 contracts, with open interest at 149,406, and a daily gain of 0.38 percent.

Gold Price Today: Domestic gold rates across India

In the Indian market, 24K gold (99.9 percent purity) trades around ₹13,564 per gram, or ₹1,35,640 per 10 grams, marking a fall of ₹10 compared with 23 March 2026. The 22K segment, with 91.6 percent purity, is priced near ₹12,434 per gram and ₹1,24,340 per 10 grams, also down by ₹10.

For buyers of lower‑purity metal, 18K gold stands near ₹10,173 per gram, which equals ₹1,01,730 per 10 grams, again lower by ₹10 day‑on‑day. These declines mirror the global correction, though the Rupee’s weakness has softened some of the impact on Indian rupee prices, limiting the fall compared with dollar terms.

Current domestic benchmark rates are detailed below for key categories on 24 March 2026.

Gold Price Today: City-wise gold rates and recent movement

Rates vary across major Indian cities due to transport, local taxes and demand. On 24 March 2026, 24K gold per 10 grams is about ₹1,35,790 in Delhi and ₹1,35,640 in Mumbai. Chennai trades higher near ₹1,39,190, while Bangalore, Kolkata and Hyderabad broadly match Mumbai at ₹1,35,640.

For smaller ticket sizes, benchmark rates per gram highlight city differences more clearly. Chennai shows the highest 24K level at ₹13,919 per gram, with 22K at ₹12,759 and 18K at ₹10,639. Most other major centres including Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune quote 24K near ₹13,564 per gram on 24 March 2026.

Gold Price Today: Recent 10-day trend and March 2026 movement

Gold’s correction in March 2026 appears steep when viewed over the past ten days. On 15 March, 24K gold in India was near ₹15,966 per gram, with 22K at ₹14,635. By 24 March, 24K had dropped to ₹13,564 and 22K to ₹12,434, reflecting a sizeable fall.

Looking across the entire month, the decline becomes clearer. On 1 March 2026, 24K gold stood at ₹17,309 per gram and 22K at ₹15,865. By 24 March, both categories had fallen around 21.6 percent. The highest levels this month were posted on 1 March, while 24 March currently marks the lowest point.

Gold Price Today: Outlook, expert view and key buyer points

Analysts note that gold’s short‑term path depends heavily on the US dollar and yields. If the dollar index strengthens further, prices could test support near $4,300 per ounce. Easing tensions in West Asia have also reduced safe‑haven buying, while the retreat in yields offers limited support and keeps sentiment cautious.

For Indian buyers, the Rupee’s direction will be crucial alongside global cues. A weaker Rupee can offset part of any international decline. Seasonal demand from the approaching wedding period may lend physical support. Any change in gold import duty could also shift domestic rates, especially for jewellery buyers and bullion traders.

Market specialists indicate that if the dollar index keeps rising, gold may move towards $4,300 in coming weeks. They also point out that any renewed geopolitical stress or a softer stance from central banks could lift prices again. Current levels represent a strong correction from early March highs, which some long‑term investors may view as accumulation zones.

Buyers need to remember that a 3 percent GST is applied on the value of gold in India. Jewellery purchases also attract making charges, which usually range between 5 percent and 35 percent depending on design work. Those preferring investment products often choose Gold ETFs or digital gold, which track market prices without jewellery making costs.

The following tables recap key intraday and retail gold benchmarks for reference.

The information on gold rates above is based on market sources as of 24 March 2026 and is meant for reference. These figures exclude GST, Tax Collected at Source and other levies. Final invoices for jewellery may include 3 percent GST plus making charges between 5 percent and 35 percent, so buyers should confirm exact quotes with local jewellers.

Silver Price Today: International silver rates and domestic trend

Silver Price Today on 24 March 2026 reflects a notable global correction. International spot silver trades around $69.55 per ounce after sliding sharply from peaks seen earlier this month. The main triggers are a stronger US dollar and higher bond yields, which typically reduce appetite for non‑interest‑bearing assets such as silver.

On the domestic front, Indian silver prices also show a steep fall. Fine silver 999 is quoted around ₹229.90 per gram, which equals ₹2,29,900 per kilogram. This follows a drop of about ₹15,000 per kilogram on 23 March 2026. The domestic metal now trades more than 22 percent below the early March high.

Silver Price Today: Intraday moves, MCX action and city-wise rates

Intraday quotes for silver contract SIW00 show prices firming modestly off recent lows. The metal moved from $69 at 2:00 pm on 23 March to $69.55 by 5:00 am on 24 March. The session opened at $69.37, touched a high of $70.36 and a low of $68.53. Volume stands near 2,079 contracts, with open interest at 72,735.

On the MCX, silver futures recently hit the lower circuit, dropping over 11 percent in a single session, underlining volatility. Despite this, longer‑term sentiment still draws some support from safe‑haven demand and geopolitical concerns. Industrial usage in areas like electronics and solar panels also underpins expectations, though near‑term price action remains choppy.

City‑wise, Chennai commands a premium, with silver near ₹2,34,900 per kilogram, roughly ₹5,000 higher than other major centres. Delhi, Mumbai, Bangalore, Kolkata, Hyderabad, Kerala, Pune and Ahmedabad broadly quote around ₹2,29,900 per kilogram on 24 March 2026, in line with national benchmark levels.

Silver Price Today: Retail slabs, 10-day history and March 2026 slide

For smaller quantities, current Indian silver benchmarks on 24 March 2026 start at about ₹229.90 per gram and ₹2,299 per 10 grams. Yesterday’s levels were ₹230 per gram and ₹2,300 per 10 grams, implying a small day‑on‑day reduction. The pattern is consistent across 100‑gram and 1‑kilogram slabs.

The last ten days show a pronounced slide. On 15 and 17 March 2026, silver cost about ₹2,750 per 10 grams and ₹2,75,000 per kilogram. By 24 March, prices eased to ₹2,299 per 10 grams and ₹2,29,900 per kilogram, indicating a strong correction from mid‑month levels.

Across March 2026, silver’s decline is even more evident. The month opened near ₹2,95,000 per kilogram on 1 March, rising briefly to a peak of ₹3,15,000 on 2 March. By 24 March, the closing rate slipped to ₹2,29,900 per kilogram, representing a monthly fall of around 22.07 percent from the peak.

Silver Price Today: Outlook, expert view and buying considerations

Near‑term prospects for silver depend mainly on the US dollar and bond yields. If the dollar remains firm, analysts see scope for prices to test support near $65 per ounce. Higher yields generally make non‑yielding assets less appealing, and past gains this year may still encourage profit‑taking without new triggers.

Industrial activity could help stabilise prices if global manufacturing and solar installations pick up. Safe‑haven interest linked to geopolitical concerns in West Asia also underpins long‑term appetite. Domestic factors include Rupee moves and import duties, as Indian prices incorporate a 3 percent GST plus customs charges on physical silver.

Commentators believe that a continued rise in the dollar index might push silver towards $65 in the coming weeks. At the same time, a flare‑up in geopolitical risks or a rebound in industrial consumption could support a price recovery. From the early March highs, current levels represent a substantial correction, which some long‑term investors might view as an opportunity.

For Indian buyers, purchases of silver bars, jewellery or utensils attract 3 percent GST over and above the quoted market rate. Making charges on crafted items usually range from 5 percent to 25 percent, depending on design and labour. Many investors therefore consider Silver ETFs or digital silver products, which mirror market prices without fabrication costs.

Silver prices quoted above for 24 March 2026 are based on prevailing market indications and exclude GST and making charges. Final retail bills will reflect 3 percent GST along with any design‑related labour costs. Buyers planning large purchases are advised to confirm live rates and total payable amounts with local jewellers or authorised dealers.

Across both gold and silver, 24 March 2026 shows prices stabilising after sharp March declines in India and abroad. Global cues such as the US dollar, bond yields and West Asia developments remain crucial, while domestic factors like the Rupee, duties and seasonal demand shape local rates. Investors and jewellery buyers are therefore tracking data closely before committing fresh funds.