Gold, silver prices fall today; check latest city rates

March 18, 2026

Gold and silver prices in India witnessed a decline on March 18, reflecting global market trends and cautious investor sentiment. Both metals opened lower in domestic markets, with silver recording a sharper drop compared to gold.

Market experts attribute the dip to a combination of global economic uncertainty, fluctuations in the US dollar, and investor caution ahead of key monetary policy decisions by the US Federal Reserve.

Latest gold rates across major cities

According to market data, 24-carat gold prices in major Indian cities such as Delhi, Mumbai, Chennai, and Hyderabad are hovering around ₹1.61 lakh to ₹1.63 lakh per 10 grams. Meanwhile, 22-carat gold is trading close to ₹1.48 lakh per 10 grams in most metropolitan areas.

Prices may vary slightly depending on local taxes, making charges, and demand conditions in different cities. The decline remains marginal, indicating a stable but cautious trend in the gold market.

Silver sees sharper decline

Silver prices have recorded a more noticeable fall compared to gold. In domestic markets, silver prices have dropped significantly, with rates fluctuating around ₹2.70 lakh per kilogram.

On the Multi Commodity Exchange (MCX), silver futures also showed weakness, reflecting global trends where silver has been under pressure due to reduced industrial demand and profit-booking by investors.

Global factors influencing prices

The movement in gold and silver prices is closely linked to global developments. Analysts point out that a stronger US dollar and rising bond yields have reduced the appeal of precious metals as investment options.

Additionally, geopolitical tensions and economic uncertainties have created a mixed environment for investors. While gold typically benefits from safe-haven demand during crises, current market conditions have led to a cautious “wait-and-watch” approach among traders.

Silver, which is more sensitive to industrial demand, has been more volatile, contributing to its sharper decline.

Market outlook and investor sentiment

Despite the current dip, experts believe that gold prices may remain supported in the medium term due to ongoing global uncertainties and inflation concerns. However, short-term fluctuations are expected as investors react to economic data and central bank decisions.

Silver, on the other hand, may continue to show higher volatility due to its dual role as both an industrial and investment metal.

Advice for buyers

For consumers and investors, the current dip in prices may present a buying opportunity, especially for long-term investments or upcoming festive purchases. However, financial advisors recommend monitoring market trends closely and avoiding large purchases during periods of high volatility.