Gold Rates In India Today Jumps, But Silver Rates Crash On March 27; 24 Carat, 22 Carat, 18 Carat Gold Prices

Gold rates in India pulled back from their previous losses on March 27, and surged by as much as Rs 1,600. However, the upside is limited as oil prices remain elevated. The 24 carat, 22 carat and 18 carat gold prices surged following the positive sentiment in the global market. Spot gold gained 2% and spot silver surged 3%. MCX gold rose near Rs 1.46 lakh mark and MCX silver held around Rs 2.28 lakh. Dollar traded mildly after 3 consecutive sessions upside but still hovered close to the 100 mark.

Gold Rates In India:

24 Carat Gold Prices: 100 grams surged by Rs 1,600 to Rs 14,47,100 on March 27, after falling by at least Rs 21,200 yesterday. 10 grams gold rose by Rs 160 to Rs 1,44,710 and 8 grams gold is up by Rs 128 to Rs 1,15,768. Lastly, 1 gram gold is up by Rs 16 to Rs 14,471.

22 Carat Gold Prices: 100 grams gold price soared by Rs 1,500 to Rs 13,26,500, while 10 grams gold edged higher by Rs 150 to Rs 1,32,650, and 8 grams gold is up by Rs 120 to Rs 1,06,120. Also, 1 gram gold is up by Rs 15 to Rs 13,265.

18 Carat Gold Prices: Under this carat, 100 grams gold rose by Rs 1,200 to Rs 10,85,300, while 10 grams gold climbed by Rs 120 to Rs 1,08,530 and 8 grams gold advanced by Rs 96 to Rs 86,824. Further, 1 gram gold is up by Rs 12 to Rs 10,853.

Gold rebounded after sentiments improved as the US and Iran are likely moving to a discussion related to the current tensions in the Middle East. US, Israel and Iran are currently in the fourth week of the war, which started on February 28, 2026.

According to Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, the US and Iran move towards discussions instead of escalation. However, the absence of clarity on the Strait of Hormuz reopening keeps underlying risks intact, with crude price risk not off the table.

He explained that the current rise appears to be more of a relief rally and short covering rather than fresh bullish momentum. As long as geopolitical uncertainty and inflation concerns persist, gold is likely to remain volatile.

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold with April 2026 expiry, surged by Rs 5,835 or 2.60% to trade at Rs 1,42,504 per 10 grams. Meanwhile, MCX silver price zoomed by Rs 6,726 or 3.06% to trade at Rs 226,600 per 1Kg.

Spot Gold Price + Spot Silver Price:

Spot gold surged by over 1.8% to trade near $4,560 per ounce. While spot silver climbed above 2.60% to trade around $70 per poune.

US President Donald Trump has pushed back the deadline to secure a deal with Iran in a move to end the war.

As per Trading Economics data, Trump pledged to refrain from targeting Iranian energy facilities until April 6, providing some relief to markets unsettled by nearly a month of hostilities. He also said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz this week as a "present" to the US. Meanwhile, Iran confirmed it had rejected the US' 15-point plan to end the war and submitted its own conditions, including recognition of Tehran's authority over Hormuz.

Despite the latest surge in global precious metals, silver rates in India crashed deeply.

Silver Rates In India:

1Kg silver price plunged by Rs 10,000 on March 27 to Rs 2.40 lakh. While 100 grams and 10 grams silver is lower by Rs 1,000 and Rs 100 to Rs 24,000 and Rs 2,400. Further, 8 grams silver dropped by Rs 80 to Rs 1,920 and 1 gram silver is down by Rs 10 to Rs 240.

Crude Oil Prices Today:

Crude traded mixed at the moment. While Brent Crude recovered early losses and surged marginally to perform above $108 per barrel, the US WTI crude oil was under pressure to trade around $94.5 per barrel. Oil is still at an extreme high.

Many reports have stated that the US is sending an additioal 10,000 ground troops to the Middle East, even when Trump signalled that to hold peace talks with Tehran. Apart from the rejection of US' 15-point plan, Iran has asked the recognition of Tehran's authority over Hormuz amidst its many conditions.

US Dollar Today:

US dollar erased above 100 mark, but is trading around $99.90 which is firm amidst the uncertainties in Middle East. The lack of clarity on when the US-Israel war will end with Iran, keeps inflation on the risk and hence possibility of rate hike ahead. This becomes less lucrative for gold and a positive factor for dollar.

How Dollar Is Impacting Gold & Silver Prices?

Explaining in detail, Ross Maxwell, Global Strategy Operations Lead, VT Markets said, safe haven demand has strengthened the USD which is weighing on prices, since gold and silver are priced in dollars and become more expensive for international buyers.

There is also an element of profit-taking after recent rallies, with investors reducing positions to raise liquidity during broader market volatility. In silver, which is more sensitive to industrial demand, concerns about global growth are adding additional pressure.

He added, "Investors should closely watch central bank policy signals, especially from the FED movements in bond yields, and the direction of the USD. Inflation trends and energy prices will be key indicators of near-term price direction."

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