Gold Price Today: Gold prices in India fall to ₹1.37 lakh per 10g; silver drops over 3% amid global uncertainty and rising US interest rate expectations.
Gold Price Today: India witnessed a continued decline in gold and silver prices on Tuesday, March 24, 2026. The drop is attributed to weak global cues, macroeconomic uncertainties, and occasional geopolitical developments that affected market sentiment.
On the Multi Commodity Exchange (MCX), April gold futures fell ₹2,260, or 1.62%, to ₹1.37 lakh per 10 grams, marking the fifth consecutive session of decline. Silver prices also took a sharper hit, dropping 3.67% to ₹2.16 lakh per kilogram. This trend highlights mounting pressure on precious metals in India.
Global Market Trends and Dollar Impact
Internationally, gold futures fell to $4,300 per ounce as investors reacted to geopolitical tensions in West Asia. While temporary support emerged from military interventions, diplomatic uncertainties pushed market sentiment lower. Analysts noted that rising energy prices have increased inflation concerns, leading to expectations that central banks, particularly the US Federal Reserve, may maintain high interest rates, reducing the appeal of non-yielding assets like gold.
A stronger US dollar index hovering above 93.50 also exerted pressure on bullion prices, while crude oil saw minor corrections.
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Inflation and Interest Rates Affecting Gold Outlook
Jatin Trivedi, VP Research at LKP Securities, stated, “We are witnessing significant corrections in gold prices both globally and domestically. Rising inflation risks and expectations of prolonged high-interest rates have shifted gold’s short-term outlook downward.” He added, “Despite gold’s safe-haven appeal, the current macro environment, including a strong dollar and high bond yields, continues to suppress prices.”
Technical Levels and Short-Term Outlook
Market participants are closely monitoring key technical levels. Analysts suggest that if global uncertainty persists and monetary policy expectations remain unchanged, gold price today could test lower levels in the short term. Recent rebounds from oversold conditions may provide temporary support, with ₹1.30 lakh for gold and ₹2 lakh for silver acting as short-term support zones.
Experts warn that high volatility is likely to continue. Any reduction in geopolitical tensions or interest rate cuts could lead to price recovery, whereas persistent inflationary pressure and a strong dollar may continue to weigh on bullion prices. Investors are now waiting for key US macroeconomic data, including employment and business activity indicators, which could set the direction for global markets and influence gold price today.
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