Gold and silver prices continued their downward trend on March 20, 2026, offering some relief to buyers after a sharp correction in the previous session. Both domestic and global markets witnessed a notable decline in precious metal prices, raising fresh interest among investors and consumers planning purchases.
In India, gold prices slipped further in early morning trade. In Delhi, the price of 24-carat gold stood at around ₹1,50,420 per 10 grams, while in Mumbai it was slightly lower at ₹1,50,270 per 10 grams.
The latest dip follows a steep fall recorded on March 19, when gold prices in Delhi dropped by nearly ₹7,000 (around 4.37%), bringing rates down from recent highs.
Silver prices have also seen a sharp correction. In the domestic market, silver is trading around ₹2,59,900 per kilogram. A day earlier, prices had fallen by approximately ₹17,800, marking a nearly 7% decline.
In global markets, spot silver is hovering near $70.49 per ounce, reflecting continued weakness in the precious metals segment.
Here’s a quick look at gold prices (per 10 grams) across key Indian cities:
Delhi: ₹1,37,890 (22K) | ₹1,50,420 (24K)
Mumbai, Chennai, Kolkata: ₹1,37,740 (22K) | ₹1,50,270 (24K)
Ahmedabad, Bhopal: ₹1,37,790 (22K) | ₹1,50,320 (24K)
Jaipur, Lucknow, Chandigarh: ₹1,37,890 (22K) | ₹1,50,420 (24K)
Pune, Bengaluru: ₹1,37,740 (22K) | ₹1,50,270 (24K)
Prices may vary slightly due to local taxes, making charges, and demand.
Several global and domestic factors are contributing to the recent decline:
Central banks worldwide are maintaining a tight stance on interest rates, which reduces the appeal of gold as a non-interest-bearing asset.
Persistent inflation worries are influencing investor sentiment and shifting focus toward other assets.
Higher crude oil prices are adding pressure to the global economy, indirectly impacting precious metals.
A stronger dollar makes gold more expensive globally, reducing demand and pushing prices lower.
In the international market, spot gold is currently trading around $4,678.69 per ounce, reflecting similar bearish sentiment worldwide. Analysts believe that global cues will continue to influence domestic prices in the near term.
The recent dip may present an opportunity for:
Jewellery buyers planning purchases during festive seasons
Long-term investors looking to accumulate gold at lower levels
However, experts advise caution, as volatility may persist due to global economic uncertainties.
Gold and silver prices have cooled after recent highs, driven by global economic factors and policy trends. While the fall offers relief to buyers, investors should remain cautious and monitor market movements closely before making any decisions.
Disclaimer: Prices mentioned are indicative and may vary by location and jeweller. Investors should consult financial experts before making investment decisions.
