Gold Price In India Rally Post Rs 1.1 Lakh/100 Gm Crash In Week, Silver Stable; 24K, 22K, 18K Rate On March 26

Gold Rate In India: The price of 24 karat, 22 karat and 18 karat gold in India continued to rise for the second straight session on Thursday, March 26, after seeing a massive crash in one week. Meanwhile, the silver price today remained stable. The reversal in the gold rate in India's downward trend has come after the crude price rally hit the pause button.

Global cues remain mixed, influencing the recent movement in gold prices. While crude oil prices have cooled after a sharp rally, geopolitical tensions in West Asia continue to linger. Although the United States President Donald Trump announced a pause in the Iran-US war last week. However, Iran on Wednesday rejected the ceasefire plan. The development is likely to impact the commodities market, including crude oil and gold.

Back in India, 24K, 22K, and 18K gold rates today saw an uptick. Here are the latest gold and silver prices in India today.

Gold Price in India Today

The price of 24 karat gold in India increased by 22 per gram to Rs 14,689 per gram on Thursday, March 26. The rate of 22 karat gold in India surged by Rs 20 per gram to Rs 13,465 per gram. Likewise, the rate of 18 karat gold in India rallied by Rs 16 per gram to Rs 11,017 per gram.

Silver Rate in India Today

The price of silver in India remained unchanged on Thursday. Silver price today stood at Rs 250 per gram and to Rs 2,50,000 per kilogram. Silver rate in India has seen a strong decline over the past few weeks amid geopolitical uncertainty and stock market volatility.

Gold Price Crash Rs 1.1 Lakh Between March 18-25

The price of 24-karat gold in India witnessed a sharp decline between March 18 and March 24, followed by a strong recovery on Wednesday, March 25. Despite the rebound, gold prices were still lower by Rs 1,141 per gram over the period. This translates to a decline of Rs 1,14,100 per 100 grams of gold during the same duration.

Why Is Gold Price Rising?

"Gold is showing renewed strength in terms of an uptrend, driven by a weaker dollar and reduced concerns about aggressive interest rate hikes. The recent global market cues have provided renewed safe-haven demand for gold, and investors are adding positions cautiously due to ongoing macroeconomic uncertainty. Although volatility is expected in the near term, overall sentiment is favourable, as markets are closely watching inflation and central banks for direction," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

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