Gold Rate Slips After Recent Gain, MCX Prices Down; Will Fed Decision Impact Gold Rate Today in India? Outlook

Gold rates in India declined on the third trading day of the week, reversing gains from the previous session as investors turned cautious following the U.S. Federal Reserve's monetary policy announcement. The retreat reflects profit-booking and uncertainty in global markets, even as geopolitical risks remain elevated.

Gold Rates Today Amid Fed Rate Cut Decision

In the domestic market on March 18, 2026, 24 Karat (24K) gold slipped to Rs 15,775 per gram, down Rs 33, while 22 Karat gold fell to Rs 14,460 per gram, lower by Rs 30.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram

24 Karat Gold Rate in India

As per the latest data, 24K gold was priced at Rs 15,775 per gram, compared with Rs 15,808 previously. For larger quantities, 8 grams cost Rs 1,26,200, 10 grams Rs 1,57,750, and 100 grams Rs 15,77,500, reflecting declines of Rs 264, Rs 330 and Rs 3,300 respectively.

22 Karat Gold Rate in India

At the time of writing, 22K gold also moved lower, trading at Rs 14,460 per gram, down from Rs 14,490. Prices for 8 grams stood at Rs 1,15,680, while 10 grams were valued at Rs 1,44,600. Bulk purchases of 100 grams were priced at Rs 14,46,000, down Rs 3,000.

18 Karat Gold Rate in India

The price of 18K gold slipped to Rs 11,831 per gram, compared with Rs 11,856 earlier. In higher weights, 8 grams were priced at Rs 94,648, 10 grams at Rs 1,18,310, and 100 grams at Rs 11,83,100, showing declines across categories.

Spot Gold Price Today: Global Gold Near One-Month Low

In international markets, gold dropped to around $4,980 per ounce on Wednesday, hovering close to its lowest level in a month. Investors are weighing the impact of fluctuating crude oil prices on inflation expectations following the Fed's rate decision.

Despite the recent pullback, gold remains significantly higher for the year, posting gains of about 16 percent year-to-date, supported by strong safe-haven demand earlier in 2026.

Iran-Israel, US Conflict; Geopolitical Risks Remain Elevated

Global tensions continue to influence market sentiment. Overnight developments included continued strikes involving the United States and Israel, while Iran confirmed that national security chief Ali Larijani had been killed following earlier claims of an airstrike.

Tehran also intensified attacks on energy infrastructure across the Persian Gulf, and shipping through the strategically crucial Strait of Hormuz remained largely disrupted.

Gold Price Outlook Ahead in India

Looking ahead to Thursday, March 19, gold prices are expected to remain volatile as investors digest the Fed's policy stance, monitor crude oil movements and track geopolitical developments. While ongoing conflicts and supply disruptions provide underlying support, continued profit-booking and cautious sentiment may limit sharp upside in the near term.

"The Fed is focusing on maintaining price stability amid significant energy market disruptions........fed rates impact Gold prices...... Since Gold price are going through profit-booking since past couple of weeks where price has posted decline of 2% in last two consecutive weeks, there could be continuation of the same trend in week ahead," said Aamir Makda, Commodity & Currency Analyst at Choice Broking.

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