Gold Price In India Rally Rs 1.1 Lakh/100 Gm Crash Silver Rate in India; 24K, 22K, 18K Rate March 26 The price of 24 karat, 22 karat, and 18 karat gold in India rose for the second consecutive day on Thursday, March 26, following a significant decline in the previous week. Meanwhile, silver prices remained stable. The reversal in gold prices marked a shift from the downward trend that had persisted after a sharp drop in crude oil prices. Analysts attributed the recent movements to a mix of global economic factors and geopolitical tensions. Gold prices in India saw an uptick, with 24 karat gold increasing by Rs 22 per gram to Rs 14,689 per gram. The 22 karat gold rate surged by Rs 20 per gram to Rs 13,465 per gram, while 18 karat gold climbed by Rs 16 per gram to Rs 11,017 per gram. Silver prices, however, remained unchanged, with the metal trading at Rs 250 per gram or Rs 2,50,000 per kilogram. The gold price in India had experienced a sharp decline between March 18 and March 24, with the 24 karat gold rate dropping by Rs 1,141 per gram over the period. This translated to a total loss of Rs 1,14,100 per 100 grams of gold during the same timeframe. Despite a recovery on March 25, the prices were still lower than the previous levels. The resurgence in gold prices was linked to a weaker US dollar and reduced concerns about aggressive interest rate hikes by central banks. Analysts noted that investors are increasingly turning to gold as a safe-haven asset amid ongoing macroeconomic uncertainty. "Gold is showing renewed strength in terms of an uptrend, driven by a weaker dollar and reduced concerns about aggressive interest rate hikes," explained Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA).#india #gold_price #24k_gold #22k_gold #18k_gold
