Gold Price Prediction: Will Gold Rate Today Continue to Fall on 10 March After Declining Around Rs 20,000/24K?

Gold rates in India started the week under pressure, extending last week's losses and signalling a cautious outlook for bullion traders. On March 9, domestic gold prices declined across key purity levels, with 24 Karat (24K) gold priced at Rs 16,168 per gram, down Rs 196. Similarly, 22 Karat (22K) gold traded at Rs 14,820 per gram, down Rs 180.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices on 10 March 2026

24 Karat Gold Rate Today in India

At the time of writing on Tuesday, the price of 24 Karat gold fell by Rs 196 per gram, bringing the rate down to Rs 16,168, compared with Rs 16,364 in the previous session. For larger quantities, 8 grams of 24K gold are now priced at Rs 1,29,344, down Rs 1,568 from Rs 1,30,912 yesterday.

Meanwhile, 10 grams cost Rs 1,61,680, marking a drop of Rs 1,960 from the earlier price of Rs 1,63,640. For bulk purchases, 100 grams of 24K gold are currently priced at Rs 16,16,800, reflecting a decline of Rs 19,600 from Rs 16,36,400.

22 Karat Gold Rate Today in India

Similarly, 22 Karat gold prices declined by Rs 180 per gram to Rs 14,820, compared with Rs 15,000 a session earlier. The price of 8 grams of 22K gold now stands at Rs 1,18,560, down Rs 1,440 from Rs 1,20,000.

Ten grams of 22K gold are currently priced at Rs 1,48,200, reflecting a fall of Rs 1,800 from the previous rate of Rs 1,50,000. Meanwhile, 100 grams of 22 Karat gold are being sold at Rs 14,82,000, marking a drop of Rs 18,000.

18 Karat Gold Rate Today in India

Meanwhile, 18 Karat gold also recorded a decline in prices at the time of writing. The 18K rate fell by Rs 147 per gram to Rs 12,126, compared with Rs 12,273 in the previous session.

The price of 8 grams of 18K gold stands at Rs 97,008, down Rs 1,176 from Rs 98,184. Ten grams of 18K gold are now priced at Rs 1,21,260, reflecting a decrease of Rs 1,470 from the earlier rate of Rs 1,22,730. For 100 grams, the price currently stands at Rs 12,12,600, marking a drop of Rs 14,700 from Rs 12,27,300.

MCX Gold Price Today

In the domestic derivatives market also, gold traded lower on the Multi Commodity Exchange (MCX) on Monday. MCX gold April futures started the session 0.6% lower at Rs 1,60,651 per 10 grams, compared with the previous close of Rs 1,61,634.

Spot Gold Rate Today

Globally, gold prices hovered near $5,110 per ounce on Monday. The decline was largely driven by a stronger US dollar and fading expectations that the US Federal Reserve will begin cutting interest rates soon. These factors have dampened investor appetite for precious metals, offsetting the usual safe-haven demand triggered by the escalating conflict in the Middle East.

What are the Key Factors Impacting Gold Prices?

The ongoing war involving Iran has entered its second week and has already started to shake global commodity markets. Oil prices surged above $100 per barrel for the first time since 2022, raising concerns about a fresh wave of global inflation.

Supply disruptions intensified after oil tankers were effectively blocked from passing through the Strait of Hormuz, one of the world's most critical shipping routes for energy. Several regional producers-including Kuwait, Iraq, and the UAE-have reportedly reduced crude output amid rising tensions.

The conflict has disrupted nearly one-fifth of global crude oil and natural gas supplies, adding pressure to energy markets. Analysts warn that rising oil prices could complicate the Federal Reserve's policy outlook, potentially delaying interest rate cuts and raising the risk of stagflation, especially after last week's weaker-than-expected US jobs data.

Gold Price Prediction: Check Technical Outlook Amid Middle East Crisis, Higher Oil Prices and US Data

"Market sentiment this week is likely to remain driven by a mix of macroeconomic developments, geopolitical tensions, and regulatory uncertainty. Meanwhile, broader markets may remain volatile as the ongoing war in Iran continues to influence risk sentiment and commodity prices, with US Oil already breaking above 100," said said Justin Khoo, Senior Market Analyst - APAC, VT Markets.

"In commodities, gold appears to be consolidating, but if prices break 4996.04, markets should monitor price action closely, while a move below 4842 could bring additional selling pressure," noted the expert.

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