Gold Rate in India Eyes Rs 1.6 Lakh; Silver Close To Rs 3 Lakh Mark Ahead of US Fed Meet; Check March 15 Rate

Gold prices in India remained largely stable on Sunday, March 15, with rates for 24-karat, 22-karat, and 18-karat gold showing little change. Despite witnessing a slight weekly decline, 24-karat gold continued to hover close to the Rs 1.6 lakh mark. Meanwhile, silver prices also held steady over the past week, trading near Rs 3 lakh per kilogram. Gold and silver prices may showcase some volatility next week ahead of the US Federal Reserve meeting and developments around the Iran-US war.

The weekly decline in gold and silver rate in India has offered an attractive opportunity for investors to park their money in the precious metals. Here are latest gold and silver rate in India on Sunday, March 15.

Gold Rate in India

The price of 24 karat gold in India stood at Rs 15,966 per gram on Sunday, March 15. Which means that per 10 gram of 24 karat gold in India stood at Rs 1,59,660 on Sunday. Meanwhile, the price of per 100 gram of 24 karat gold in India stood at Rs 15,96,600 on March 15.

22K Gold Rate In India

The price of 22 karat gold in India stood at Rs 14,635 per gram on Sunday. The rate of per 10 gram of 22 karat gold in India stood at Rs 146350. Whereas, per 100 gram of 22 karat gold in India was priced at Rs 14,63,500 on Sunday.

18K Gold Rate in India

The price of 18 karat gold rate in India stood at Rs 11,974 per gram on Sunday. The rate of per 10 gram of 18 karat gold in India stood at Rs 119740. Likewise, the rate of per 100 gram of 18 karat gold in India stood at Rs 1197400 on Sunday.

Silver Rate in India

The price of silver in India also remained stable on Sunday. Silver rate in India was priced at Rs 275 per gram and at Rs 2,75,000 per kilogram on Sunday. Stability in silver prices over the past few trading sessions has come after massive volatility in its rate in January and February.

"Commodities like oil, industrial metals, and agricultural inputs have been sliding as the conflict reshapes trade routes and disrupts supply chains. But gold and silver are a different conversation entirely. In a well-constructed portfolio, gold and silver earn their place not because of what they return in isolation, but because of how they behave relative to everything else. Low correlation to equities. A hedge against currency debasement. Resilience in risk-off environments," explained Vijay Kuppa, CEO, InCred Money.