Gold Rates In India Today: Gold Is Rs 15,210 Less From Peak; 24K, 22K, 18K Gold Prices Outlook For March 9-14

Gold rates in India are unchanged on Sunday, March 8, with 24 carat gold price at Rs 1,63,640 per 10 grams as of now. Gold prices are down by 5% to 6% across carats despite geopolitical risks and inflationary pressure due to the strengthening of dollar. But did you know, gold rate in India is still nearing its peak levels that was last seen in January 2026. 10 grams gold is just Rs 15,210 away from hitting its all-time high. Whether precious metals will see a bullish week that could spur the prices higher, will be keenly watched.

Gold Rates In India:

24 carat gold price is at Rs 1,63,640 per 10 grams, at Rs 16,36,400 per 100 grams, at Rs 1,30,912 per 8 grams and at Rs 16,364 per 1 gram. The prices were flat but steady on Sunday.

Meanwhile, 22 carat gold price stood at Rs 1,50,000 per 10 grams, at Rs 15,00,000 per 100 grams, at Rs 1,20,000 per 8 grams and at Rs 15,000 per 1 gram.

In case of 18 carat, 10 grams gold is available at Rs 1,22,730, while the precious metal stood at Rs 12,27,300 per 100 grams and at Rs 98,184 per 8 grams. The gold rate stood at Rs 12,273 in 1 gram.

10 grams gold of 24 carat had touched an all-time high of Rs 1,78,850 on January 29, 2026. Taking into consideration the current levels, 10 grams gold is now Rs 15,210 away from hitting its peak.

Gold Rates Weekly Outlook:

According to analysts at SMC Global Securities, gold posted its first weekly decline in five weeks as a stronger US dollar and rising Treasury yields weighed on bullion prices, offsetting the safe-haven demand generated by escalating geopolitical tensions in the Middle East.

Although ongoing conflict in the region initially supported gold, the sharp surge in crude oil prices intensified global inflation concerns.

As per the analysts, this has prompted investors to reassess expectations for monetary easing by the Federal Reserve. Higher oil prices are seen as a potential driver of inflation, which could limit the scope for the Fed to cut interest rates in the near term.

That is why the market's expectations for rate cuts in 2026 has dulled. Now, traders expect only 1 rate cut from Fed compared to their previous expectation of two rate cuts. Also, traders are factoring the probability of a rate hike. The fear of Fed increasing rates for a longer term has sent jitters among them.

Recent macroeconomic indicators highlighted continued resilience in the US economy. Jobless claims declined, productivity improved, job cuts eased, and the services sector expanded faster than anticipated.

Hence, analysts added that these factors strengthened the dollar and pushed Treasury yields higher, creating headwinds for precious metals. Silver faced even sharper losses during the week, declining more than 10% as investors shifted toward the US dollar amid geopolitical uncertainty and rising inflation concerns.

From a technical perspective, SMC analysts said, Comex gold faces resistance near $5,420 and has support around $4,980. Silver is expected to trade in a range of $78-$98. On MCX, gold prices may trade between Rs155,900 and Rs164,000, while silver could move within the Rs249,000-Rs285,000 range in the coming week.

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