Gold prices hit a four-month low in India on March 24 as a surging US Dollar outweighs war fears, while silver defies the trend with a sharp intraday recovery.
As of Tuesday, precious metal prices in India show a slight dip in gold while silver continues its upward trajectory. Gold remains a preferred choice for investors seeking a reliable hedge against inflation. Below are the latest market rates sourced from reputable national jewellers.
Gold prices on March 24, 2026 (per gram)
The cost of gold has seen a marginal decrease on Tuesday across various purities:
| Purity | Price per Gram | Daily Change |
| 24K Gold (99.9% Purity) | ₹14,035 | - ₹294 |
| 22K Gold (91.6% Purity) | ₹12,865 | - ₹270 |
| 18K Gold (75% Purity) | ₹10,526 | - ₹221 |
City-wise gold rates (1 gram)
| City | 24K Gold | 22K Gold | 18K Gold |
| Chennai | ₹14,182 | ₹13,000 | ₹10,820 |
| Delhi | ₹14,050 | ₹12,880 | ₹10,541 |
| Ahmedabad / Vadodara | ₹14,040 | ₹12,870 | ₹10,531 |
| Mumbai / Kolkata / Bangalore | ₹14,035 | ₹12,865 | ₹10,526 |
| Thiruvananthapuram / Hyderabad / Pune | ₹14,035 | ₹12,865 | ₹10,526 |
Key factors driving the decline:
- Bond yield surge: Higher interest rates globally have shifted investor capital toward yield-bearing assets, reducing the appeal of non-yielding gold.
- Safe-haven shift: Investors are increasingly opting for the US Dollar as the primary liquid asset during this crisis, making gold more expensive for international buyers.
- Liquidity squeeze: Market participants are liquidating precious metal positions to cover losses in other sectors or to build cash cushions as crude oil prices remain elevated above $110.
Outlook for Investors
While the immediate trend appears bearish with gold dropping to multi-month lows, many analysts view this correction as a strategic accumulation phase. The long-term trajectory for precious metals remains tied to the resolution of Middle East hostilities and subsequent adjustments in central bank policies.
Silver prices on March 24, 2026
In contrast to gold, silver prices have surged, influenced by international market trends and the Rupee-Dollar exchange rate.
- Price per gram: ₹235 (+ ₹5)
- Price per kilogram: ₹2,35,000 (+ ₹5,000)
Silver rates in major Indian cities
| City | 10 Grams | 100 Grams | 1 Kilogram |
| Chennai / Hyderabad / Thiruvananthapuram | ₹2,400 | ₹24,000 | ₹2,40,000 |
| Mumbai / Delhi / Kolkata | ₹2,350 | ₹23,500 | ₹2,35,000 |
| Bangalore / Pune / Ahmedabad | ₹2,350 | ₹23,500 | ₹2,35,000 |
Published: 24 Mar 2026, 10:44 am IST
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