Massive Crash in Gold Rate in India! 24K Plunges Nearly Rs 59,000 in Four Sessions; Will Slide Continue Today?

Gold rates in India took another hit in the latest trading session, plunging further as the new week began. The sharp slide follows last week's heavy losses, sending ripples of concern through investors and buyers just as the festive shopping season for occasions like Eid, Ugadi, Gudi Padwa and the Hindu New Year kicks off.

Gold Rates Plunge by Nearly Rs 59,000; Why Gold Prices are Falling

The price of 24 Karat (24K) gold fell to around Rs 15,742 per gram, down Rs 224 from the previous trading session. Similarly, 22 Karat (22K) gold eased to Rs 14,430 per gram, declining Rs 205, while 18 Karat (18K) gold slipped to Rs 11,807 per gram, down Rs 167. In larger quantities, the weekly slide was even sharper, with 24K gold tumbling roughly Rs 58,900 per 100 grams.

Spot Gold Price Today

Global factors contributed significantly to the decline. Gold held near $5,000 per ounce after two straight weeks of losses, as oil markets remained volatile following the US airstrike on Iran's main oil-export hub, Kharg Island, over the weekend.

The attack triggered retaliatory strikes by Tehran on Israel and impacted energy infrastructure across other Arab nations. Now entering its third week, the US-Israeli conflict with Iran has unsettled financial markets, adding uncertainty to safe-haven demand for gold.

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

24 Karat Gold Rate Today in India

As per the latest trading session, 24K gold in India was priced at Rs 15,742 per gram, down Rs 224 from the previous day. In bulk, 8 grams traded at Rs 1,25,936, 10 grams at Rs 1,57,420 and 100 grams of 24K gold at Rs 15,74,200.

22 Karat Gold Rate Today in India

At the time of writing, 22 Karat gold eased to Rs 14,430 per gram, down Rs 205. In larger quantities, 8 grams of 22K were valued at Rs 1,15,440, 10 grams at Rs 1,44,300, and 100 grams at Rs 14,43,000.

18 Karat Gold Rate Today in India

18 Karat gold slipped to Rs 11,807 per gram, down Rs 167 as per the latest trading session. Bulk rates included 8 grams at Rs 94,456, 10 grams at Rs 1,18,070, and 100 grams at Rs 11,80,700.

Gold Price Prediction for Tuesday, 17 March 2026 Ahead of Eid, Ugadi, Gudi Padwa and Hindu New Year

"Commodities like oil, industrial metals, and agricultural inputs have been sliding as the conflict reshapes trade routes and disrupts supply chains. But gold and silver are a different conversation entirely," said Vijay Kuppa, CEO, InCred Money.

"In a well-constructed portfolio, gold and silver earn their place not because of what they return in isolation, but because of how they behave relative to everything else. Low correlation to equities. A hedge against currency debasement. Resilience in risk-off environments," he added.

Will Drop in Gold Rates in India Continue?

Market experts suggest that gold may continue to face pressure on Tuesday as geopolitical tensions, currency volatility, and higher global interest rates weigh on investor sentiment. According to Motilal Oswal Financial Services, "For now, geopolitical tensions & currency volatility support prices. But once these ease, gold could correct, with the very tailwind driving this boom."

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.