Gold and silver prices in India witnessed a minor decline today, March 16, 2026, with 24K gold trading around ₹1,59,650 per 10 grams and silver hovering near ₹2,74,900 per kilogram. The dip reflects global market cues, including a stronger US dollar and investor profit-taking.
Gold and silver remain key investment and cultural assets in India, and even small fluctuations attract attention from buyers and traders. The latest price movement highlights the impact of international currency trends and global bullion demand on domestic markets.
City-Wise Price Trends
In Delhi and Mumbai, 24K gold is priced at approximately ₹1,59,650 per 10 grams, while silver trades near ₹2,74,900 per kilogram. Chennai and Hyderabad report 24K gold at ₹15,965 per gram, 22K gold at ₹14,634 per gram, and 18K gold at ₹11,973 per gram, with silver around ₹279.90 per gram.
Global Market Influence
Internationally, gold is trading close to $5,018 per ounce, while silver stands at $80.47 per ounce. Analysts note that the stronger US dollar has weighed on bullion prices, though long-term demand remains resilient due to economic uncertainties and industrial usage.
Key Highlights
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Gold prices dip slightly across major cities
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24K gold around ₹1,59,650 per 10 grams
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Silver trades near ₹2,74,900 per kilogram
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Global gold at $5,018 per ounce, silver at $80.47 per ounce
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Stronger US dollar and profit-taking drive declines
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Demand steady in jewelry and industrial sectors
Sources: Mathrubhumi English, Oneindia, Navbharat Times