Gold Price Today: Yellow metal rises on Ram Navami eve; check city wise latest rates

Gold prices in India moved higher on Thursday, 26 March. The rise came even as global prices slipped. Investors stayed positive amid hopes of easing tensions in the ongoing US-Iran conflict.

On the domestic front, MCX gold April futures rose 3.73 per cent to Rs 1,44,100 per 10 grams. This marks the third straight session of gains for the yellow metal.

According to India Bullions data, 24-carat gold stood at Rs 1,44,840 per 10 grams. Meanwhile, 22-carat gold was at Rs 1,32,770 per 10 grams.

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Silver rate today

Silver prices also showed a modest rebound. Spot silver rose 0.6 per cent to $71.71 per ounce.

Platinum moved slightly higher, gaining 0.3 per cent to $1,925.05 per ounce. Palladium also edged up 0.1 per cent to $1,424.55 per ounce.

City-wise gold rates remain steady

Data from top cities showed uniform pricing across markets.

In Delhi, Chennai, Bangalore, Kolkata, Hyderabad and Pune, 24-carat gold was around Rs 1,44,097 per 10 grams
22-carat gold in these cities was around Rs 1,32,088 per 10 grams

Prices remained unchanged during the day as commodity markets stayed shut in the first session.

Global gold and silver decline

Internationally, gold prices saw pressure. Spot gold declined 2.28 per cent to $4,448.30 per ounce in early Comex trade. Silver also fell sharply by 3.55 per cent to $70.06 per ounce.

The decline came as the dollar index remained firm above the 94 mark. A stronger dollar usually weighs on precious metals.

Markets shut for Ram Navami

Trading activity remained limited on Thursday.

• Multi Commodity Exchange of India was closed in the morning session from 9 am to 5 pm
• Trading will resume in the evening session between 5 pm and 11:30 pm
• National Commodity & Derivatives Exchange Limited remained shut for the full day
• Equity markets, including National Stock Exchange of India and BSE Limited, were also closed

This means prices are unlikely to change significantly during the day.

Gold rally seen in recent months

Gold has delivered strong returns over time. Last year, prices surged more than 75 per cent. This was the strongest rally since 1979.

In India, gold rose from around Rs 1,35,257 in early January to Rs 1,57,480 in early March. This reflects a gain of nearly 16 per cent in a short span.

Currently, prices are slightly below recent highs as investors book profits. However, the overall trend remains strong.

Why gold stays firm

Gold continues to attract demand due to:

• geopolitical tensions
• global economic uncertainty
• safe-haven buying

In India, gold also holds cultural value. It is widely seen as a symbol of wealth and security. Strong jewellery demand also supports prices.

Despite short-term volatility, gold remains elevated. Investors continue to track global cues and geopolitical developments closely.

Gold price today: city-wise rates (24K)

Gold price today: city-wise rates (22K)

Expert view: sell-off may continue, key levels to watch

Ajay Kedia said gold and silver remain in a sell-off phase. Gold has already corrected nearly 19.5 per cent in March. This is among the sharpest declines seen in the last 50 years. He said the fall signals ongoing liquidation, supported by ETF outflows and tighter monetary expectations.

He added that the stance of the US Federal Reserve remains critical. Rate cut expectations for 2026 have reduced. There are also discussions around possible rate hikes. This remains negative for bullion.

From a levels perspective, Kedia highlighted:

• Gold (International): Immediate support near $4,000. Deeper support around $3,450. Resistance near $5,180
• Gold (Domestic): Support at Rs 1,15,000–Rs 1,20,000. Resistance near Rs 1,50,000
• Silver (International): Support at $52. Resistance at $85
• Silver (Domestic): Support at Rs 1,75,000. Resistance at Rs 2,75,000

He also said the gold-silver ratio may rise from 65 to 70–75. This suggests silver could underperform further. Overall, pressure may persist unless macro conditions improve.