Gold Price in India Rallies Rs 47400/100 Gm in 5 Days Amid Rupee Fall, Iran-US War, Silver Shines | March 31

Gold Price in India: Prices of 24 karat, 22 karat, and 18 karat gold in India extended their gains for the fourth consecutive session on Tuesday, March 31. The surge was supported by escalating geopolitical tensions and the Indian rupee hovering near record lows over the past week. Silver price today also edged higher, as investors turned cautious and sought safe-haven assets amid ongoing uncertainty linked to the Iran-US war.

The precious metals now appear to be entering a corrective phase after last month's sharp decline following the outbreak of the Iran-US war on February 28. Back in India, retail jewellery buyers and investors continue to track gold and silver prices daily. Here are all the details about gold rates in India today and silver prices.

Gold Price in India Today

The price of 24 karat gold in India surged by Rs 103 per gram to Rs 14,929 per gram on Tuesday, March 31. The rate of 22 karat gold in India increased by Rs 95 per gram to Rs 13,685 per gram. Likewise the 18 karat gold rate in India today jumped by Rs 78 per gram to Rs 11,197.

"Gold and silver prices are moving a lot right now, and many investors are watching closely. This movement is mainly because of global uncertainty, interest rates, and currency changes," stated Darshan Rathod, COO, Multyfi.

Silver Rate in India Today

The price of silver in India has also seen a decent surge over the past one week. Silver rate today, March 31, increased to Rs 250 per gram and to Rs 2,50,000 per kilogram. Silver price in India showcased a massive volatility in the first two months of the year 2026 with rates surging to record highs in January, followed by a sharp crash in February.

Gold Rate in India Jumps Rs 47,400/100 Gm in 5 Days

The surge in gold rate in India today was part of a wider recovery in the bullion market over the past few trading sessions. As per Goodreturns data, the 24 karat gold rate in India has surged by Rs 47,400/100 gram in five days.

24 karat gold price in India stood at Rs 1,45,5800/100 gm on March 27, which surged to Rs 14,92,900/100 gm on Tuesday, March 31. The rally in gold price in India coincided with sharp fall in Rupee amid concerns due to geopolitical uncertainty and stock market volatility.

Indian Rupee Hits To Record Low

The price of Indian rupee hit to a record low in a volatile trading session on Monday, March 30. With this, the domestic currency marked end to a rough fiscal year with losses. The domestic currency is under pressure due to rising crude oil prices amid Iran-US war in the West Asia. The central bank's surprise cap on forex positions gave the battered rupee a fleeting reprieve on the day, but also left traders nursing losses as they rushed to unwind arbitrage positions.

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