Gold and silver prices have witnessed another decline in India, reflecting ongoing global market pressures and economic uncertainty. On March 19, 2026, both precious metals recorded a drop in rates across major cities, offering some relief to buyers but raising concerns for investors tracking recent trends.

In the national capital Delhi, the price of 24-carat gold fell to around ₹1,57,890 per 10 grams, while 22-carat gold was priced at approximately ₹1,44,740 per 10 grams.

Similarly, in Mumbai, Chennai, and Kolkata, gold rates showed a downward trend:

• 24-carat gold: करीब ₹1,57,740 per 10 grams

• 22-carat gold: करीब ₹1,44,590 per 10 grams

A day earlier, on March 18, gold prices in Delhi’s bullion market had already dropped by ₹1,000 (0.62%), settling near ₹1,60,300 per 10 grams.

Here’s a snapshot of gold prices across key cities:

• Delhi: ₹1,44,740 (22K), ₹1,57,890 (24K)

• Mumbai: ₹1,44,590 (22K), ₹1,57,740 (24K)

• Ahmedabad: ₹1,44,640 (22K), ₹1,57,790 (24K)

• Chennai: ₹1,44,590 (22K), ₹1,57,740 (24K)

• Kolkata: ₹1,44,590 (22K), ₹1,57,740 (24K)

• Hyderabad: ₹1,44,590 (22K), ₹1,57,740 (24K)

• Jaipur: ₹1,44,740 (22K), ₹1,57,890 (24K)

• Lucknow & Chandigarh: ₹1,44,740 (22K), ₹1,57,890 (24K)

Cities like Pune and Bengaluru are also seeing similar price levels, with 24-carat gold hovering around ₹1,57,740 per 10 grams.

Silver prices have followed gold’s downward trend. On March 19:

• Silver was trading at around ₹2,64,900 per kilogram

On March 18, silver prices had already fallen sharply by ₹6,000 (2.28%), reaching करीब ₹2,56,500 per kilogram in Delhi’s bullion market.

International trends continue to influence domestic bullion prices. Currently:

• Spot gold is trading at around $4,989.65 per ounce

• Spot silver is near $79.92 per ounce

A key factor affecting prices is the US Federal Reserve’s decision to keep interest rates unchanged in the range of 3.50%–3.75%.

Higher interest rates typically reduce the appeal of non-yielding assets like gold and silver, leading to weaker demand.

Global uncertainty is also playing a role in price movements. Factors include:

• Persistent inflation concerns in the US

• Weakening labor demand

• Ongoing geopolitical tensions in the Middle East

US Federal Reserve Chair Jerome Powell has indicated that inflation risks remain, especially amid geopolitical conflicts. As a result, interest rate cuts may be delayed, which could continue to weigh on precious metal prices.

However, there are signals that the Fed may consider a rate cut later in 2026, which could support gold prices in the future.

The recent dip in gold and silver prices may present a buying opportunity for consumers planning purchases for weddings or investments.

For investors, however, the trend highlights the importance of monitoring:

• Global interest rate movements

• Inflation data

• Currency fluctuations

Gold and silver prices have softened again amid global economic uncertainty and stable interest rates in the US. While short-term volatility may continue, long-term trends will largely depend on inflation control and future rate decisions by central banks.

For now, buyers may benefit from lower prices, while investors should stay cautious and track global cues closely.