Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold rate in India wrapped up March 2026 on a firm note, extending their recent upswing. On Mahavir Jayanti 2026, the price of 24 Karat (24K) gold inched up to Rs 14,826 per gram, rising by Rs 17, while 22 Karat (22K) gold advanced to Rs 13,590 per gram, up Rs 15 in the latest session.

Rally in Gold Rates Continues at March-End Amid Middle East Tensions

Remarkably, over just the past three trading sessions, gold has rallied sharply by Rs 37,100 per 100 grams for 24K and Rs 34,000 per 100 grams for 22K.

However, the start of the week remained volatile as geopolitical tensions continued to dominate sentiment. The ongoing Middle East conflict has now entered its fifth week with no clear resolution in sight. Hostilities escalated further after Iran-backed Houthi militants in Yemen reportedly joined the conflict, targeting Israel and raising concerns over potential disruptions in the Red Sea and key Saudi energy routes.

At the same time, reports of the US preparing for extended ground operations in Iran have kept global markets on edge, boosting safe-haven demand for gold.

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

24 Karat Gold Rate Today

In the domestic market, 24K gold prices saw modest gains across all quantities. The rate for 1 gram stood at Rs 14,826, rising by Rs 17 from Rs 14,809. For 8 grams, prices increased to Rs 1,18,608, while 10 grams were priced at Rs 1,48,260, up by Rs 170. At the bulk level, 100 grams of 24K gold were valued at Rs 14,82,600, registering a gain of Rs 1,700.

22 Karat Gold Rate Today

Similarly, in the 22K segment, gold prices remained on an upward trajectory. The price of 1 gram stood at Rs 13,590, gaining Rs 15 from the previous session. For 8 grams, the rate climbed to Rs 1,08,720, while 10 grams were priced at Rs 1,35,900, marking an increase of Rs 150. At the higher end, 100 grams of 22K gold were valued at Rs 13,59,000, up by Rs 1,500.

18 Karat Gold Rate Today

In the 18 Karat (18K) category, the trend remained positive though gains were relatively moderate. The rate for 1 gram stood at Rs 11,119, rising by Rs 12. For 8 grams, prices moved up to Rs 88,952, while 10 grams were priced at Rs 1,11,190. At the bulk level, 100 grams of 18K gold were valued at Rs 11,11,900, reflecting a gain of Rs 1,200.

Latest MCX Gold Price

On the domestic futures front, gold on the Multi Commodity Exchange (MCX) showed strong bullish momentum, with prices reaching around Rs 1.48 lakh per 10 grams on March 30, 2026. However, volatility persisted as June gold futures had earlier slipped by as much as 2.06%, highlighting cautious trading sentiment.

Latest Spot Gold Rate

In the global market, spot gold prices reversed earlier losses and hovered around $4,500 per ounce on Monday. The metal remained highly volatile, reacting sharply to geopolitical developments and uncertainty surrounding the Middle East conflict.

Key Factors Driving Gold Prices

A combination of geopolitical and macroeconomic factors continues to influence gold prices. The escalation in West Asia has reinforced gold's appeal as a safe-haven asset, while currency movements and global risk sentiment have added to volatility.

In addition, investors are closely tracking cues from central banks and economic data. Speeches from Jerome Powell and other Federal Reserve officials are expected to provide direction on interest rates, which play a crucial role in shaping gold's trajectory.

On the macroeconomic front, key data points including manufacturing PMI from major economies, inflation readings (CPI) from Germany and the Eurozone, along with US consumer confidence, nonfarm payrolls, and employment data are likely to influence investor sentiment in the coming days.

Gold Rate Outlook Ahead for End-March and Early April

Market experts believe that gold may continue to show a positive bias in the near term, although volatility is expected to remain high.

"Looking at price chart of Gold and Silver, we can observe that both prices have rebounded marginally from the 200-DEMA levels placed at 129,780 and 196,978 respectively. These levels will be crucial support. If current scenario will remain the same, we may expect upside momentum and Key hurdles would be at 150,500 and 245,000 for Gold and Silver respectively. Traders are advised to look for a buy-on-dips opportunity in Bullion," said Aamir Makda, Commodity & Currency Analyst at Choice Broking.

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