Gold Price Today: Gold and Silver Lose Shine Again; Check Latest Rates in Delhi, Lucknow, Patna & Top Cities
Gold and silver prices in India have slipped for the second consecutive day after a brief pause, reflecting a cooling trend in the bullion market. Following a sharp rally in recent weeks, profit booking by investors has led to a noticeable decline in precious metal prices. If you are planning to buy gold or track market trends, here’s a detailed look at today’s latest rates across major Indian cities, along with key reasons behind the recent fall.
Gold and Silver Prices Dip After Recent Rally
After witnessing a strong upward movement earlier, gold and silver have now entered a correction phase. In the national capital, Delhi, the price of 24-carat gold dropped by ₹10 per 10 grams, while 22-carat gold also declined by ₹10. Over the past two days, gold prices have seen a sharper correction, with 24-carat gold falling by ₹2,250 per 10 grams and 22-carat gold dropping by ₹2,060.
Silver prices have also followed a similar downward trend. After remaining stable for a day, silver has declined for two consecutive days. In Delhi, silver prices have fallen by ₹5,100 per kilogram over two days, and today alone, the metal is cheaper by ₹100, trading at around ₹2,69,900 per kg.
Latest Gold Prices in Major Indian Cities (March 17, 2026)
Here are the updated gold rates (per 10 grams) for 24K, 22K, and 18K purity across 10 key cities:
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Delhi: 24K ₹1,57,560 | 22K ₹1,44,440 | 18K ₹1,18,210
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Mumbai: 24K ₹1,57,410 | 22K ₹1,44,290 | 18K ₹1,18,060
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Kolkata: 24K ₹1,57,410 | 22K ₹1,44,290 | 18K ₹1,18,060
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Chennai: 24K ₹1,60,470 | 22K ₹1,47,090 | 18K ₹1,23,990
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Bengaluru: 24K ₹1,57,410 | 22K ₹1,44,290 | 18K ₹1,18,060
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Hyderabad: 24K ₹1,57,410 | 22K ₹1,44,290 | 18K ₹1,18,060
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Lucknow: 24K ₹1,57,560 | 22K ₹1,44,440 | 18K ₹1,18,210
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Patna: 24K ₹1,57,460 | 22K ₹1,44,340 | 18K ₹1,18,110
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Jaipur: 24K ₹1,57,560 | 22K ₹1,44,440 | 18K ₹1,18,210
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Ahmedabad: 24K ₹1,57,460 | 22K ₹1,44,340 | 18K ₹1,18,110
Silver Prices in Key Cities
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Delhi: ₹2,69,900 per kg
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Mumbai & Kolkata: Around ₹2,69,900 per kg
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Chennai: ₹2,75,900 per kg (highest among metros)
Silver had already declined significantly in the previous sessions, dropping nearly ₹15,000 per kg over three days before stabilizing briefly. The recent fall continues that trend, indicating ongoing market adjustments.
Why Are Gold and Silver Prices Falling?
The recent decline in gold and silver prices can be attributed to several key factors:
1. Profit Booking by Investors
After a strong rally earlier this year, many investors are selling their holdings to lock in profits. This increased selling pressure is pushing prices lower.
2. Market Correction After All-Time High
Gold touched an all-time high at the end of January 2026. Since then, prices have been adjusting downward and are now moving within a limited range.
3. Global Market Influences
International factors such as interest rate expectations, inflation trends, and the strength of the US dollar also impact bullion prices. Any shift in these indicators can trigger price movements in India.
Is Gold Still a Good Investment? Experts Weigh In
Market experts suggest that gold should remain a part of a diversified investment portfolio, but investors should avoid chasing it purely for high returns. While gold is traditionally considered a safe-haven asset, it does not always deliver the highest returns compared to other investment options.
Experts advise maintaining a balanced approach—allocating a portion of investments to gold for stability, while exploring other avenues for growth.
Final Take
The recent dip in gold and silver prices may offer a short-term opportunity for buyers, especially those planning purchases for weddings or long-term investment. However, with global uncertainties and market fluctuations still in play, prices may continue to move within a narrow range in the coming days.
Keeping track of daily bullion rates and understanding the factors behind price changes can help investors and buyers make informed decisions in a dynamic market.
