Gold Silver Rate Today, 16 March 2026: City-Wise Prices As MCX Gold Slips, Silver Near Monthly Lows

Global and Indian bullion prices on 16 March 2026 trended lower, led by a firmer US dollar and profit-taking. Gold hovered near $5,018 per ounce while silver sat around $80.47. Domestic India rates also dipped, with 24K gold near ₹1,59,650 per 10 grams and silver around ₹2,74,900 per kilogram. ETFs and digital platforms offer alternative routes.

Gold and silver prices on 16 March 2026 are trading lower worldwide and in India, pressured mainly by a stronger US Dollar. International gold hovers near $5,018 per ounce, while silver is close to $80.47 per ounce. In India, 24K gold costs about ₹1.59 lakh per 10 grams and silver is around ₹2.74 lakh per kilogram, both near recent monthly lows.

The weaker trend is modest for gold but steeper for silver, with bullion reacting to currency moves, profit-booking, and geopolitical risks. Tensions in the Middle East are still supporting safe-haven demand, preventing a sharper collapse. At the same time, volatility in equity markets and recent record highs in metals earlier in 2026 have encouraged investors to lock in gains.

Global trends and benchmarks – Gold and Silver Price Today

In international trade, spot gold has eased as the dollar firms, with a daily fall estimated between 1.19% and 1.55%. Benchmark gold futures (GCW00) opened at $5,010, touched a high of $5,035 and a low of $4,970.10. The previous close stood at $5,061.70, and the latest move shows a daily slide of -0.76%, on volume of 14,131 and open interest of 202,055.

Spot silver is under heavier pressure, as the rising dollar makes the metal costlier in other currencies. Prices are quoted around $80.47 per ounce on the bid side and $80.79 on the ask side. The recent daily move shows a near 4.21% slide. Technical studies, as tracked by Investing.com India, currently indicate a "Strong Sell" signal for spot silver, highlighting weak near-term sentiment.

Key global drivers – Gold and Silver Price Today

The major factor weighing on both gold and silver is US Dollar strength, which tends to cap gains in dollar-priced commodities. Safe-haven demand remains supported by ongoing Middle East tensions, providing a floor for both metals. In silver, profit-taking has followed an earlier surge, when prices briefly touched record highs of $121 per ounce in January 2026.

Market volatility in equities is also shaping investor appetite for gold, as portfolios adjust between risk assets and defensive holdings. For silver, its dual character as both a precious and industrial metal links it to economic growth expectations, which have turned cautious. These combined forces are keeping bullion in a corrective phase, even as longer-term allocation interest remains.

International benchmarks and intraday moves – Gold and Silver Price Today

Recent intraday snapshots show gold futures softening through mid-March. On 13 March at 2:00 pm, gold was near $5,080 per ounce. By 14 March at 2:00 pm, prices had eased to $5,060. Early on 16 March at 12:00 am, the metal traded around $5,020, inching to $5,023 by 5:00 am, reflecting a tight but downward range.

Silver futures (SIW00) also show a corrective pattern. On 13 March at 2:00 pm, silver traded around $83.50, then slipped to $81.50 at 2:00 pm on 14 March. At 12:00 am on 16 March, prices were close to $80.30, before ticking up to $81.51 by 6:00 am. The session recorded an open at $80.30, a high of $81.53, a low of $79.33, and a previous close of $81.34, with volume at 3,122 and open interest at 76,223, giving a daily change of +0.21%.

International price tables – Gold and Silver Price Today

Spot international gold prices by purity are currently as follows, reflecting approximate conversions per gram in US Dollars.

Spot silver shows the following benchmark levels, underscoring the recent sharp price adjustment in global trade.

Domestic bullion levels – Gold and Silver Price Today

In India on 16 March 2026, domestic gold rates mirror the global softness. The national average price for 24K gold is about ₹15,965 per gram or ₹1,59,650 per 10 grams, down ₹10 from the previous session. For 22K gold, rates stand near ₹14,634 per gram and ₹1,46,340 per 10 grams, also lower by ₹10.

For 18K gold, domestic prices are around ₹11,973 per gram and ₹1,19,730 per 10 grams, with the same daily dip of ₹10. Silver prices across India have shown a steeper fall. The average rate is about ₹274.90 per gram, ₹2,749 per 10 grams and ₹2,74,900 per kilogram, each unit down by ₹0.10, ₹1 and ₹100 respectively, tracking overseas weakness and a firmer dollar.

India gold price tables – Gold and Silver Price Today

Current 24K gold prices in India by weight show a marginal day-on-day decline.

For 22K gold, a similar softening is visible across standard weights.

18K gold and domestic silver tables – Gold and Silver Price Today

Current 18K gold prices show a small drop in line with other purities.

Domestic silver rates in India show a broader decline across key traded units, matching global weakness and the stronger dollar impact.

City-wise bullion rates – Gold and Silver Price Today

Gold prices show modest regional variation across major Indian centres, mainly due to local taxes and demand. Chennai maintains a slight premium over other metros, particularly for higher purities. The following table lists 1-gram prices in key cities for 24K, 22K and 18K gold.

On a per-10-gram basis for 24K gold, leading metro markets show the following rates, again highlighting a premium in Chennai.

Silver city-wise spreads – Gold and Silver Price Today

Local silver prices differ by region, with southern cities such as Chennai, Hyderabad and Kerala often quoting up to ₹5,000 more per kilogram than northern centres. The table below shows 10-gram, 100-gram and 1-kilogram rates in key cities.

Looking only at 1-kilogram quotes, key cities mostly align near the national average, with southern hubs remaining costlier.

Global comparison of 24K bullion – Gold and Silver Price Today

Comparing 24K gold across major economies, prices per gram converted into Indian Rupees show a tight range. Currency moves and local market structures create small differences, with some markets trending slightly above Indian levels and others below.

Ten-day gold performance – Gold and Silver Price Today

Indian gold rates over the last 10 days show a broad downward drift. Prices for 24K and 22K gold have eased from early March highs, with the biggest falls occurring after 11 March. The latest figures highlight that current levels are at the lower end of the monthly range.

Monthly movement for March 2026 shows that Indian gold has declined sharply from opening levels. The first day of the month posted the highest values, while 16 March marks the lowest so far, confirming a falling trend of about -7.76% for both 22K and 24K categories.

Ten-day silver trend and March pattern – Gold and Silver Price Today

Indian silver rates over the latest 10 sessions also show a clear decline from earlier peaks. After trading near ₹2,900 per 10 grams on 10 and 11 March, prices moved lower towards mid-month, reaching current levels of ₹2,749 per 10 grams and ₹2,74,900 per kilogram on 16 March.

Silver’s March 2026 movement captures a fall from an early-month spike to current lows. The opening rate on 1 March was ₹2,95,000 per kilogram, rising briefly to a peak of ₹3,15,000 on 2 March. By 16 March, prices had corrected to ₹2,74,900 per kilogram, marking a monthly decline of -6.81%.

Taxes, charges and instruments – Gold and Silver Price Today

In India, both gold and silver purchases attract a 3% Goods and Services Tax on the value of the metal. For jewellery and crafted items, buyers also pay making charges, which usually range between 5% and 35% for gold and between 5% and 25% for silver, depending on design complexity and brand.

Investors who prefer to avoid making charges often choose financial products linked to bullion prices. Popular routes include Gold ETFs and Silver ETFs listed on stock exchanges, digital gold or silver balances on fintech platforms, and exchange-traded bullion contracts. These instruments track market prices and typically offer easier liquidity than physical coins or bars.

Popular online platforms – Gold and Silver Price Today

Several digital platforms allow small-ticket gold purchases, usually backed by vault storage. Key fintech apps include PhonePe, Google Pay and Paytm, which partner with providers such as MMTC-PAMP and SafeGold. These enable users to buy fractional quantities, accumulate over time and redeem in coins or jewellery when required.

For silver, online options include both multi-metal apps and specialist bullion platforms. PhonePe, Google Pay, Paytm and OroPocket offer digital silver products, with OroPocket also advertising entry amounts as low as ₹1 and Bitcoin rewards. Established jewellery brands such as Tanishq, CaratLane and Kalyan Jewellers Candere sell silver coins, bars and utensils on their web stores.

Bullion houses and ETFs – Gold and Silver Price Today

Physical bullion buyers can source 999.9 purity silver bars and coins from MMTC-PAMP, as well as from firms like Augmont and Motilal Oswal. These entities provide branded products and, in many cases, door delivery or locker offerings. For gold, the Multi Commodity Exchange (MCX) allows direct trading in bullion contracts for more active participants.

On stock exchanges, Gold ETFs such as Nippon India Gold ETF and ICICI Prudential Gold ETF are widely used vehicles for exposure to the metal. Silver ETFs and similar products mirror silver prices and provide diversification. Some banks also run gold savings accounts, letting customers gradually accumulate metal-linked units within regulated banking structures.

Investor takeaways and levels – Gold and Silver Price Today

The recent pullback in gold offers potential entry zones for those with a long investment horizon. Analysts often suggest keeping gold at around 5% to 15% of an overall portfolio, to balance risks from inflation and equity swings. Systematic investment plans in Gold ETFs can help average purchase cost during volatile phases.

Key international price zones to monitor include support near $4,950 and resistance close to $5,050 for gold. For silver, traders are watching global levels around $78 and $84 per ounce, while domestic reference bands lie near ₹2.70 lakh and ₹2.85 lakh per kilogram. Digital formats provide flexibility and liquidity for both metals, alongside traditional coins and bars.

Silver volatility and diversification – Gold and Silver Price Today

Silver has experienced intense price swings in 2026, having fallen from January highs of about $121 per ounce to current levels near $80. This sharp correction reflects both profit-taking and shifting global macro expectations. For patient investors, such drops can create staggered accumulation opportunities, provided risk appetite and time horizons are clear.

Because silver functions as both a precious metal and an industrial input, it may respond differently to economic cycles than gold. This dual nature can add diversification benefits when used alongside gold in a portfolio. However, the same characteristic also contributes to higher volatility, underlining the case for staged buying or systematic plans rather than large lump-sum entries.

Frequently asked questions – Gold and Silver Price Today

Q. Is gold price rising today?

A. Gold has edged marginally lower compared to yesterday, with 24K down ₹1 per gram.

Q. Should I buy now or wait?

A. The current levels near monthly lows may offer buying opportunities for long-term investors.

Q. What affects gold prices most?

A. Currency movements (especially the US Dollar) and geopolitical events are primary drivers of bullion prices.

Q. Is digital gold safe?

A. Reputable platforms offer secure storage, insurance, and delivery options, making it a convenient investment vehicle.

Disclaimers and risk notes – Gold and Silver Price Today

Gold and silver prices in India are closely linked to overseas benchmarks and currency movements, especially the US Dollar against the Rupee. All rates mentioned are indicative for 16 March 2026 and do not include GST, Tax Collected at Source or local levies. Final purchase costs will reflect a 3% GST and applicable making charges, usually between 5% and 35% for jewellery.

The Sunday Guardian states that these figures are for information only and do not represent personalised financial advice. Readers are advised to check live prices and exact charges with neighbourhood jewellers or authorised dealers before any transaction. Individual investment decisions should consider personal risk tolerance, financial goals and independent professional guidance where needed.

Overall, gold and silver prices on 16 March 2026 show a declining pattern from early March highs, influenced mainly by dollar strength, profit-booking and geopolitical tensions. Domestic Indian rates closely track these global signals, with city-level variation driven by local demand and taxes. For investors, present levels near monthly lows may represent gradual entry points, provided allocations stay within planned risk limits.