Gold Silver Rate Today Live Updates (23 March, 2026): Silver hits lower circuit, plunges 11%; gold drops 7% on MCX as crude surge rattles metals Gold and silver prices fell sharply on Monday, driven by rising inflation fears, elevated oil prices, and growing expectations of global interest rate hikes. The decline was marked by a sharp selloff on the Multi Commodity Exchange (MCX), where gold futures for April delivery dropped Rs 8,089, or 5.6%, to Rs 1.36 lakh per 10 grams. Internationally, gold prices also slid over 5%, reaching their weakest level of 2026 and posting its worst weekly performance in decades. Silver prices mirrored the trend, hitting their lower circuit on MCX and falling Rs 20,409, or 9%, to Rs 2.06 lakh per kilogram. Analysts attributed the sharp decline to a combination of macroeconomic pressures, profit-booking, and liquidity-driven selling. The slump was exacerbated by surging oil prices, which intensified inflation concerns and shifted investor sentiment toward anticipating delayed interest rate cuts. A stronger US dollar and rising Treasury yields further pressured bullion, increasing holding costs and making dollar-denominated metals more expensive for global buyers. The decline in gold and silver came amid escalating tensions in the Middle East, which pushed oil prices higher and fueled inflation fears. These factors reduced the appeal of non-yielding assets like gold, which has traditionally served as a safe-haven investment. However, the selloff highlighted the growing influence of macroeconomic forces over traditional safe-haven demand. Gold ETFs also faced significant declines, with prices dropping up to 9% as higher crude oil prices and geopolitical tensions raised inflation expectations.#gold_prices #comex #multi_commodity_exchange #silver_prices #geojit_investments_ltd
Gold Price Today: Current Rates for 18K, 22K, and 24K Gold in Major Indian Cities Gold prices in India experienced a notable decline on Monday, with futures trading at Rs 1.36 lakh per 10 grams, marking a sharp drop of Rs 8,089. This decline followed a broader global trend, as gold futures on the Multi Commodity Exchange fell 5.6% to Rs 1,36,403 per 10 grams. The drop continued a losing streak for gold, which had already lost Rs 13,974, or 8.82%, the previous week. Analysts noted that the yellow metal started the week with a gap-down opening, signaling potential further declines amid ongoing tensions in the Middle East and rising inflation concerns. “Gold resumed with a gap down on Monday and is likely to continue its downside momentum for the fourth consecutive week amid tensions in West Asia that have stoked inflation fears and rate hike bets in the near future,” said Aamir Makda. Global markets also saw gold futures on Comex extend their losing streak for the fifth straight session, with the April contract declining by $202.4, or 4.42%, to $4,372.5 per ounce. Jigar Trivedi highlighted that the Middle East conflict intensified inflation fears, prompting major economies to consider liquidity measures, including gold sales, to offset the war’s impact. Over the past week, overseas gold futures had dropped $486.8, or 9.6%, settling at $4,574.9 per ounce. Here are the current gold prices in major Indian cities: In Mumbai, 24K gold is priced at Rs 14,002 per gram, 22K at Rs 12,835, and 18K at Rs 10,502. Kolkata, Bangalore, Hyderabad, and Ahmedabad follow similar rates, with 24K gold at Rs 14,002 per gram and 18K at Rs 10,502. Jaipur and Bhubaneswar report slightly higher prices for 24K gold, at Rs 14,017 per gram, while Kanpur and Delhi show rates of Rs 14,017 for 24K.#gold #comex #multi_commodity_exchange #jigar_trivedi #aamir_makda
Gold approaches Rs 1.70 lakh, silver nears Rs 3 lakh amid safe-haven buying driven by geopolitical tensions in the Middle East Precious metals, including gold and silver, have shown strong upward momentum this week, fueled by escalating geopolitical tensions in the Middle East and heightened volatility in the commodities market. Despite brief intraday pullbacks and profit-taking, the overall trend for gold and silver remains bullish. Gold futures for April 2 on the Multi Commodity Exchange (MCX) broke through the Rs 1,65,000 resistance level, trading near Rs 1,69,880. However, the price closed slightly lower on Friday at Rs 1,61,675, slightly below the previous day’s close. Silver futures for May 5 on MCX also surged, surpassing the Rs 2,85,000 mark and trading close to Rs 3,00,000 amid elevated volatility. Ponmudi R, CEO of Enrich Money, noted that gold and silver approached record highs before experiencing mild corrections, while crude oil prices spiked due to concerns over supply disruptions. He emphasized that traders are actively participating near key breakout levels, though the high volatility underscores the importance of disciplined risk management. Technical indicators suggest sustained strength in the gold market, with the metal likely to test Rs 1,70,000 if support holds. A drop below Rs 1,57,000 could trigger further corrective pressure toward Rs 1,50,000. For silver, the Rs 2,55,000–Rs 2,65,000 range is now a strong demand zone, with potential for the price to extend toward Rs 3,00,000–Rs 3,05,000. However, a decline below Rs 2,60,000 might lead to short-term consolidation. Ponmudi advised traders to remain cautious around recently tested support levels, as macroeconomic and geopolitical risks continue to influence market sentiment.#middle_east #multi_commodity_exchange #ponmudi_r #enrich_money #comex
