Huge Drop in Gold & Silver Rate Today in Delhi; 24K Falls Rs 59,500 on 23 March; Check Latest 22K & 18K Prices

Gold prices in New Delhi continued their sharp decline at the start of a new week, with rates falling again on Monday, March 23, 2026. The yellow metal has now extended its losing streak into the fourth straight week, reflecting sustained pressure in the bullion market. On Monday, 24 Karat (24K) gold dropped by Rs 595 to Rs 14,017 per gram, while 22 Karat (22K) gold fell by Rs 545 to Rs 12,850 per gram.

Major Crash in Gold, Silver Rate Today on Monday

Silver prices also remained under pressure alongside gold. Silver declined by Rs 15 per gram to Rs 230, while silver prices per kilogram dropped by Rs 15,000 to Rs 2,30,000.

The broader slide has been significant over the past few sessions. Since March 18, when 24 Karat gold was priced at Rs 15,757 per 10 grams, the metal has seen a steep cumulative correction. By March 23, gold prices had fallen sharply, taking the total decline to a substantial level over just a few trading days.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 23 March 2026

24 Karat Gold Rate Today in Delhi

In 24K gold, the price of 1 gram stood at Rs 14,017 on Monday, down by Rs 595 from Rs 14,612 a day earlier. The rate for 8 grams fell by Rs 4,760 to Rs 1,12,136, compared with Rs 1,16,896 yesterday. For 10 grams, the price came down by Rs 5,950 to Rs 1,40,170, against Rs 1,46,120 in the previous session. Meanwhile, 100 grams of 24K gold dropped sharply by Rs 59,500 to Rs 14,01,700, from Rs 14,61,200.

22 Karat Gold Rate Today in Delhi

The fall was also seen in 22K gold rates in Delhi on March 23, 2026. The price of 1 gram slipped to Rs 12,850, down Rs 545 from Rs 13,395 the previous day. The rate for 8 grams stood at Rs 1,02,800, lower by Rs 4,360 from Rs 1,07,160. For 10 grams, buyers would now pay Rs 1,28,500, which is Rs 5,450 less than yesterday's Rs 1,33,950. At the higher end, 100 grams of 22K gold declined by Rs 54,500 to Rs 12,85,000, compared with Rs 13,39,500 earlier.

18 Karat Gold Rate Today in Delhi

Prices of 18K gold also moved lower on Monday. In this segment, 1 gram was priced at Rs 10,517, down by Rs 446 from Rs 10,963 yesterday. The cost of 8 grams fell by Rs 3,568 to Rs 84,136, against Rs 87,704 in the previous session. For 10 grams, the price stood at Rs 1,05,170, reflecting a drop of Rs 4,460 from Rs 1,09,630. The rate for 100 grams of 18K gold fell by Rs 44,600 to Rs 10,51,700, compared with Rs 10,96,300 a day ago.

Silver Price Today: Check Latest Silver Prices Per Gram on 23 March 2026

Silver prices in Delhi also moved lower on Monday, March 23, 2026, mirroring the weakness seen in gold rates. The price of 1 gram of silver stood at Rs 230 on Monday, down by Rs 15 from Rs 245 a day earlier. For 8 grams, the rate slipped by Rs 120 to Rs 1,840, compared with Rs 1,960 yesterday. The price of 10 grams of silver came in at Rs 2,300, falling by Rs 150 from Rs 2,450 in the previous session.

The decline became more noticeable in larger quantities. The rate for 100 grams of silver dropped by Rs 1,500 to Rs 23,000, against Rs 24,500 a day ago. Meanwhile, 1 kilogram of silver was priced at Rs 2,30,000 on March 23, 2026, down sharply by Rs 15,000 from Rs 2,45,000 recorded yesterday.

"Gold prices fell sharply as rising inflation concerns and expectations of higher interest rates continued to weigh on bullion, even as the U.S.-Israel conflict with Iran showed no signs of easing. Over the weekend, tensions escalated after President Trump issued a 48-hour deadline for Iran to reopen the Strait of Hormuz, warning of severe retaliation targeting critical energy infrastructure, while Tehran responded with threats to attack key regional assets and potentially shut the strait entirely," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

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