Gold Rates In India Today (March 6, 2026): Gold Rate Crash Fifth Day In Row By Rs 1,09,800; 24K, 22K, 18K Gold

Gold rates in India crashed for the fifth day in a row, with 24 carat gold slipping by a whopping Rs 109,800 in 100 grams during the period. Gold rates have been down since the start of this week despite the geopolitical crisis that did boost demand for safe haven assets but also pushed crude oil prices to a more-than-a-year high. Spike in oil threatens inflation risks, which makes the dollar and treasury yield strong and eventually dims the chances of rate cuts from the US Federal Reserve. This is the main reason why physical gold prices have not been able to fetch real returns since the US and Israel declared war against Iran.

Gold Rates In India Today:

100 grams gold price in 24 carat plunged by Rs 7,700 on March 6th, which is mildly lower compared to the decline of Rs 16,300 on March 5th, and Rs 31,100 drop on March 4th. Prior to this, gold was down by Rs 28,900 on March 3rd and was lower by Rs 25,800 on March 2nd. Gold has been falling since then.

From March 2nd to 6th, this bullion has nosedived by Rs 109,800.

Why Gold Prices Are Falling?

According to Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), the price of gold is continuing to decline from yesterday's price level. The prices are falling for the fourth consecutive session.

Further, Kamboj added that gold is losing value due to sustained profit-taking and reduced safe-haven demand, despite the presence of geopolitical risks. In the short term, it seems like gold prices may face some pressure before any global trigger boosts buying activity.

24 Carat Gold Rates Today

On March 6th, 24 carat gold price plunged by Rs 770 to Rs 1,62,110, while 100 grams gold price dropped by Rs 7,700 to Rs 16,21,100. Also, 8 grams gold price slipped by Rs 616 to Rs 1,29,688 and 1 gram gold is lower by Rs 77 to Rs 16,211.

22 Carat Gold Rates Today:

22 carat gold price tumbled by Rs 700 in 10 grams to Rs 1,48,600, while 100 grams gold price plummeted by Rs 7,000 to Rs 14,86,000. Additionally, 8 grams gold dipped by Rs 560 to Rs 1,18,880 and 1 gram gold slipped by Rs 70 to Rs 14,860.

18 Carat Gold Rates Today:

Under 18 carat, 10 grams gold price plunged by Rs 580 to Rs 1,21,580 and 100 grams gold declined by Rs 5,800 to Rs 12,15,800. Furthermore, 8 grams gold in 18 carat contracted by Rs 464 to Rs 97,264 and 1 gram decreased by Rs 58 to Rs 12,158.

MCX Gold Price Today:

MCX gold price surged by Rs 1,185 or 0,74% to trade at Rs 1,60,858 per 10 grams after hitting an intraday high of Rs 1,61,250 per 10 grams.

Spot Gold Price Today:

Spot gold price surged by nearly 1% to trade around $5,130 per ounce, however, this bullion is still on the path to hit its first weekly decline in five weeks. This is because of stronger dollar and surge in Treasury yields which offset geopolitical risks that should boost safe haven assets.

Gold Rates In India Prediction:

As per Ponmudi R, CEO of Enrich Money, following are the outlook for gold in India and outside.

Spot Gold Price Outlook:

COMEX Gold is currently trading in the $5,000-$5,300 range. After surging to previous all-time highs, the metal has entered a mild corrective phase. However, the broader bullish structure remains intact, supported by sustained momentum and continuation above earlier consolidation zones. Prices continue to hold firmly above key moving averages and prior resistance zones, which now act as support, signaling strengthening momentum. Strong buying interest is visible in the $5,100-$5,200 support band.

As long as gold sustains above the $4,900-$5,000 support region, the bullish trend remains dominant. A sustained breakout above the $5,400-$5,600 band could open the path toward fresh record highs.

MCX Gold Price Outlook:

MCX Gold futures are currently trading within the Rs1,55,000-Rs1,65,000 range. Prices are consolidating in the short term with a positive bias supported by continued risk-off flows. Strong buying interest is seen in the Rs1,50,000-Rs1,55,000 demand zone following the recent rally driven by geopolitical tensions in the Middle East.

Holding above this support base, followed by a sustained breakout above Rs1,70,000, could revive bullish momentum toward Rs1,75,000-Rs1,80,000, maintaining a positive medium-term outlook.

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