Gold Rates & Silver Rates Today Live: MCX Gold Crashes By 6%, Silver Falls By Rs 14,000; 24K, 22K, 18K Gold

Gold rates and silver rates in India crashed massively on March 24th as international bullion prices extended their losses to the fourth week now. On Monday, in the early hours, spot gold has nosedived by 3-4% to trade below $4,400, while spot silver price dropped by 3-4% as well to strangle around $65 per ounce.

In the opening bell, MCX gold dropped by nearly 6% and erased Rs 1.37 lakh mark. While MCX silver dropped by nearly Rs 14,000 to hit below Rs 2.13 lakh mark.

Gold and silver prices in the country are down by 12% to 17% in March so far. Inflation fears have intensified with new threats exchanged between US, Israel and Iran. Major economies are currently facing difficulty in boosting liquidity and dollar has firmed around 100 mark.

The Iran war shows little sign of easing, with President Donald Trump threatening strikes on Iranian power plants if the Strait of Hormuz is not reopened, while Tehran warned it would target key US and Israeli assets across the region if its energy facilities were hit. Last week, gold dropped over 10% as surging oil prices fueled inflation concerns, prompting markets to price in a prolonged pause or potential rate hikes from major central banks, as per Trading Economics.

As per the data, traders are likely betting on a possible Federal Reserve rate hike by end of the current year amid fears of persistent inflation. Last week, major central banks like ECB, BOE and BOJ also kept rates unchanged, however, hinted at readiness to tighten policy further if inflationary pressures persist.

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Mar 23, 2026, 11:08 am IST

Silver Rates Today Live: MCX Silver Outlook Ahead

MCX Silver opened sharply lower and is currently trading within the ₹2,12,000–₹2,14,000 support zone, indicating continued selling pressure at higher levels. On the upside, ₹2,18,000–₹2,20,000 remains the immediate resistance. A breakout above ₹2,20,000 could lead to a recovery toward ₹2,24,000–₹2,28,000. On the downside, a breakdown below ₹2,12,000 could accelerate losses toward ₹2,08,000–₹2,10,000, with further support near ₹2,00,000–₹2,05,000. Overall, the bias remains negative amid ongoing macro and geopolitical uncertainty: Ponmudi R, CEO of Enrich Money.

Mar 23, 2026, 11:08 am IST

Silver Rates Today Live: Spot Silver Price Outlook

COMEX Silver opened with a gap-down but continues to hold above the support level after a recent correction phase. The broader trend remains weak, although safe-haven demand and industrial metal resilience are offering temporary support. On the upside, – remains a strong resistance zone. A breakout above could push prices toward –. On the downside, a break below could drag prices toward –, with stronger support seen at –: Ponmudi R, CEO of Enrich Money.

Mar 23, 2026, 11:07 am IST

Gold Rates Today Live: MCX Gold Price Outlook

MCX Gold opened with a gap-down and is currently holding above the ₹1,36,000 support zone, reflecting weak global cues and limited recovery strength. On the upside, ₹1,39,000–₹1,40,000 remains the immediate resistance band. A sustained move above this zone could trigger a recovery toward ₹1,43,000–₹1,46,000. On the downside, support is placed at ₹1,34,000–₹1,35,000. A breakdown below this level could accelerate profit booking toward ₹1,30,000. Overall, the near-term bias is turning negative, with prices trading below key moving averages and volatility expected to remain elevated due to macro uncertainty: Ponmudi R, CEO of Enrich Money.

Mar 23, 2026, 11:07 am IST

Gold Rates Today Live: COMEX Gold Outlook Ahead

COMEX Gold has opened cautiously firm but continues to trade below key short-term moving averages, hovering within the 4,367–4,320 support zone after a sharp recent correction. While the broader trend remains bearish, ongoing geopolitical tensions are providing intermittent safe-haven support, preventing deeper downside in the immediate term. On the upside, the ,400–,500 range remains a critical resistance band. A sustained move above ,650 could extend the rally toward ,850–,900, where stronger supply is expected. On the downside, a break below ,250 could accelerate weakness toward ,100–,150. The structure remains cautious as long as prices trade below key resistance zones: Ponmudi R, CEO of Enrich Money.

Mar 23, 2026, 9:24 am IST

Silver Rates Today Live: MCX Silver Collapses Hard

In the opening bell of March 24th, MCX silver collapsed to hit an intraday low of Rs 2,11,729 per 1KG. The silver is currently trading at Rs 2,13,045 per 1Kg, down by Rs 13,727 or 6.05%. Silver has more than halved from its peak of Rs 4,39,337 per 1kg which was recorded in late January 2026.

Mar 23, 2026, 9:24 am IST

Gold Rates Today Live: MCX Gold Crashes Big Time

MCX gold with April 2026 expiry schedule, crashed hard on Monday, recording its one of the biggest single-day plunge. At the time of writing, MCX gold nosedived by Rs 7,586 or 5.3% to trade at Rs 1,36,906 per 10 grams. The bullion is near its intraday low of Rs 1,36,403 per 10 grams.

Mar 23, 2026, 9:20 am IST

Forex Market Live Updates: US Dollar Stays Firm Near 0 Mark

The US dollar has continued to be firm around 100 mark, on the expectations of a rate hike cycle sooner as US-Israel enter the fourth week of war with Iran. As per Trading Economics, elevated oil prices continued to fuel inflation fears and lowered the likelihood of a near-term Federal Reserve rate cut, with some traders now pricing in a potential rate hike toward year-end. Last week, the Fed kept its policy rate unchanged as expected, with Chair Jerome Powell noting it was too soon to assess the full economic impact of the Iran conflict. The ECB, BOE and BOJ also held rates steady but signaled readiness to tighten policy further if inflationary pressures persist.

Mar 23, 2026, 9:18 am IST

Commodity Market Live Updates: More Rally Expected In Crude Oil Prices?

Iran has vowed that they would target US and Israeli assets across Middle East which includes energy, information technology and desalination infrastructure. This warning came after US President Donald Trump threatened to “obliterate” major Iranian power plants of Iran. Tehran said if their energy infrastructure is hit, they would do the same. As per Trading Economics, the IEA has cautioned that the global oil market is facing its largest-ever shock despite a substantial release of emergency reserves and US efforts to facilitate the sale of Russian and Iranian oil. This could spark a new reason for fresh rally in crude who has restrained near 0 per barrel since the war began.

Mar 23, 2026, 9:18 am IST

Commodity Market Live Updates: Crude Oil Maintains Upside

US WTI Crude oil futures gained by 1% to trade near 0 per barrel. While Brent Crude also rallied to near 3 per barrel in the early hours of Monday. In the previous session, Brent surged to hit 5 per barrel mark despite Iran reopening Hormuz passage for vessels. Since the US-Israel war began with Iran, crude oil prices have skyrocketed by nearly 50%.

Mar 23, 2026, 9:14 am IST

Silver Rates Today Live Updates: Spot Silver Sees Intense Selling Pressure

Spot silver also followed the bearish trend and declined by 4% to trade around per ounce. This will be fourth weekly losses for silver as well. Majority of countries face difficult situation of boosting liquidity amidst the Middle East war. Iran announced to open Strait of Hormuz only for those vessels who are not related to their enemies aka USA and Israel. Last week, silver had plunged by 15% alone, as surge in oil prices continue to fuel inflationary risks, economic uncertainty and hint at a rate hike scenario.

Mar 23, 2026, 9:11 am IST

Gold Rates Live Updates: Spot Gold Continues Crashing

SPOT Gold price is facing relentless selling presusre. In the early hours of Monday, the bullion dropped to below ,350 per level, registering a decline of nearly 3.5%. This will be the fourth week when gold has remained under pressure. Spot gold has also witnessed its biggest weekly fall earlier since 1983. Inflationary pressure continues to hinder support for gold even when the conflict in Middle East is nowhere near to easing.