No Relief To Gold: Hyderabad Gold Price Down By Rs 121,100/100 Gms In 4 Days; Gold Rate In Chennai Expensive

Gold rates in top cities have dropped sharply in the past few days due to mega crash in international precious metals. For instance, spot gold and silver prices have nosedived by 14% to 24% in a month. The trend stays bearish due to inflationary risks after energy prices climbed owing to Middle East war, which in return dampened hopes of a Fed rate cut anytime soon. In cities like Hyderabad, all carats of gold has nosedived for four consecutive days, while in Chennai, gold prices have been broadly volatile.

Gold Rates In Hyderabad:

24 carat, 22 carat and 18 carat gold rates are unchanged on March 22. Hence, 10 grams gold price stood at Rs 1,45,970 in 24 carat, at Rs 1,33,800 in 22 carat and at Rs 1,09,480 in 18 carat.

Meanwhile, 100 grams gold rate is at Rs 14,59,700 in 24 carat, at Rs 13,38,000 in 22 carat and at Rs 10,94,800 in 18 carat.

In case of 8 grams, this gold stood at Rs 1,16,776 in 24 carat, at Rs 1,07,040 in 22 carat and at Rs 87,584 in 18 carat.

Additionally, gold price in Hyderabad stands at Rs 14,597 per gram for 24 karat gold (99.9% purity), Rs 13,380 per gram for 22 karat gold (91.6% purity), and Rs 10,948 per gram for 18 karat gold (75% purity).

Gold Rates In Hyderabad Performance In Past 10 Days:

Prior to Sunday, 24 carat gold plunged by Rs 29,400 on March 21st in 100 grams, after crashing by Rs 13,700 on March 20th. Last week, the steepest fall was seen on March 19th to the tune of Rs 71,400. While gold was down by Rs 6,600 on March 18th as well. The last time gold rates in Hyderabad were in green was on March 17th.

That being said, from March 18th to March 22nd, 100 grams and 10 grams gold price have nosedived by Rs 121,100 and Rs 12,110 in 24 carat respectively.

Date	Price (Per Gram)	Day-on-Day Change	Trend
Mar 22, 2026	₹14,59,700	₹0	▬ Steady
Mar 21, 2026	₹14,59,700	- ₹29,400	⬇️ Falling
Mar 20, 2026	₹14,89,100	- ₹13,700	⬇️ Falling
Mar 19, 2026	₹15,02,800	- ₹71,400	⬇️ CRASH
Mar 18, 2026	₹15,74,200	- ₹6,600	⬇️ Falling
Mar 17, 2026	₹15,80,800	+ ₹6,600	⬆️ Minor Rise
Mar 16, 2026	₹15,74,200	- ₹22,400	⬇️ Falling
Mar 15, 2026	₹15,96,600	₹0	▬ Steady
Mar 14, 2026	₹15,96,600	- ₹10,300	⬇️ Falling
Mar 13, 2026	₹16,06,900	- ₹15,300	⬇️ Start of Slide

Gold Rates In Chennai:

Coming to Chennai, 24 carat gold rate stood at Rs 1,48,580 in 10 grams, at Rs 14,85,800 in 100 grams, at Rs 1,18,864 in 8 grams and at Rs 14,858 in 1 gram.

In case of 22 carat, gold price stood at Rs 1,36,200 in 10 grams, at Rs 13,62,000 in 100 grams, at Rs 1,08,960 in 8 grams and at Rs 13,620 in 1 gram.

Furthermore, 18 carat gold is available at Rs 1,13,600 in 10 grams, at Rs 11,36,000 in 100 grams, at Rs 90,880 in 8 grams and at Rs 11,360 in 1 gram.

The prices are unchanged on March 22nd.

Gold Rates In Chennai Performance In Past 10 Days:

In Chennai, gold is more volatile. For instance, 100 grams of 24 carat had crashed by Rs 36,000 on March 21st, which was steeper than Hyderabad, but this performance came after a stable rally of RS 5,400 on March 20th. But gold has been down on most of the days in past ten days.

Date	24K Price (Per Gram)	Price Change	Trend
Mar 22, 2026	₹14,85,800	₹0	▬ Steady
Mar 21, 2026	₹14,85,800	⬇️ ₹36,000	Falling
Mar 20, 2026	₹15,21,800	⬆️ ₹5,400	Minor Rise
Mar 19, 2026	₹15,16,400	⬇️ ₹73,100	🔥 SHARP CRASH
Mar 18, 2026	₹15,89,500	⬇️ ₹8,700	Falling
Mar 17, 2026	₹15,98,200	⬇️ ₹6,600	Falling
Mar 16, 2026	₹16,04,800	⬇️ ₹5,400	Falling
Mar 15, 2026	₹16,10,200	₹0	▬ Steady
Mar 14, 2026	₹16,10,200	⬇️ ₹15,400	Falling
Mar 13, 2026	₹16,25,600	⬇️ ₹7,500	Falling

What Is Impacting Gold Prices In India?

According to Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth, in the commodities space, gold witnessed weakness globally, with COMEX gold declining as elevated yields and a firm US dollar reduced its appeal. The metal is currently in a corrective phase, with 4,500 acting as a key support and 4,600 as immediate resistance. In contrast, MCX gold has shown relative resilience, supported by currency depreciation, indicating a divergence driven by domestic factors.

Spot gold price has recorded its largest weekly decline since 1983 after tumbling by nearly 3.5% on Friday. As per Trading Economics data, prices extended their decline after reports that the Pentagon is deploying three warships and thousands of Marines to the region, prompting traders to price in a 50% chance of a Federal Reserve rate hike by October amid fears of sustained inflation.

The data added that the safe-haven metal has fallen every week since the US-Israel strikes on Iran last month, pressured by rising Treasury yields, a stronger dollar, and profit-taking as investors liquidated positions to offset losses elsewhere. Earlier this week, the Federal Reserve, European Central Bank, Bank of England, and Bank of Japan held rates steady but signaled readiness to tighten policy further if inflationary pressures persist.