Gold prices rebound as technical support zones hold amid geopolitical calm Gold and silver prices showed a slight rebound on March 24, 2026, as market participants adjusted to reduced geopolitical tensions following U.S. President Donald Trump’s indication of pausing strikes on Iran. Analysts noted that the current price levels for gold and silver have established strong technical support zones, which are unlikely to break without new macroeconomic or geopolitical developments. Experts highlighted that while volatility remains, the recent lows for gold near Rs 1,30,000 per gram and silver near Rs 2,00,000 per gram are supported by oversold conditions and short-covering activity. Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd, stated that the pause in strikes on Iran has eased immediate risks, allowing precious metals to stabilize. The latest gold rates from major Indian jewelry brands on March 24, 2026, reflected slight variations. Tanishq priced 22k gold at Rs 12,905 per gram in Bengaluru, Mumbai, and Chennai, while Kalyan Jewellers and Malabar Gold & Diamonds listed it at Rs 12,865 per gram. Joyalukkas also quoted Rs 12,865 per gram for 22k gold. IBJA, the Indian Bullion Jewellers Association, provided indicative retail selling rates for gold jewelry, with 24k gold (fine gold 999) priced at Rs 13,951 per gram on March 24, 2026. Other gold purities included 22k at Rs 13,617 per gram, 20k at Rs 12,417 per gram, 18k at Rs 11,301 per gram, and 14k at Rs 8,999 per gram. Silver prices stood at Rs 2,19,260 per kg. A comparison of IBJA rates between March 23, 2026, and March 24, 2026, showed minor declines across all gold purities, with 24k gold dropping by Rs 6, 22k by Rs 5, 20k by Rs 5, 18k by Rs 4, and 14k by Rs 3. These adjustments reflect minor fluctuations in the market.#us_president_donald_trump #ibja #prithviraj_kothari #riddisiddhi_bullions_ltd #tanishq
