Mumbai, March 17: Gold rates (gold prices) in India continued their downward trajectory on Tuesday, March 17, marking a significant period of correction as the precious metal tests major psychological support levels. According to the latest data from Good Returns, domestic gold rates fell for the third consecutive session, primarily driven by a surging US dollar and cooling global demand. The price of 24-carat gold is INR 1,57,410 per 10 grams, while 22-carat gold, the standard for jewellery, is currently trading at INR 1,44,290 per 10 grams, providing a breather for buyers ahead of the peak wedding season.

Scroll down to check the gold rate today, March 17, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad. Gold Rate Today, March 16, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

City-Wise Gold Rates As of March 17, 2026

Retail gold prices vary across Indian cities due to local market dynamics and state-specific taxes. Below are the current rates for 10 grams of gold in major urban hubs:

Gold Rate Today, March 17, 2026

City 24K Gold (per 10g) 22K Gold (per 10g)
Delhi INR 1,57,560 INR 1,44,440
Mumbai INR 1,57,410 INR 1,44,290
Chennai INR 1,60,470 INR 1,47,090
Ahmedabad INR 1,57,460 INR 1,44,340
Kolkata INR 1,57,410 INR 1,44,290
Bengaluru INR 1,57,410 INR 1,44,290
Hyderabad INR 1,57,410 INR 1,44,290
Jaipur INR 1,57,560 INR 1,44,440
Pune INR 1,57,410 INR 1,44,290
Noida INR 1,57,560 INR 1,44,440
Gurugram INR 1,57,560 INR 1,44,440
Ghaziabad INR 1,57,560 INR 1,44,440
Lucknow INR 1,57,560 INR 1,44,440
Bhopal INR 1,57,460 INR 1,44,440
Jodhpur INR 1,59,850* INR 1,46,540*
Srinagar INR 1,59,940* INR 1,46,630*

Global Headwinds and Dollar Strength

The current slump is largely attributed to a "hawkish" shift in global monetary sentiment. A strengthening U.S. Dollar Index has made dollar-denominated commodities like gold more expensive for international holders, leading to a sell-off. In the international market, spot gold is currently hovering near USD 5,010 per ounce, a sharp decline from the record highs seen earlier this year.

Market analysts also point to rising crude oil prices and the ongoing US-Iran conflict as key drivers. While geopolitical instability typically acts as a "safe-haven" catalyst for gold, the resulting inflationary pressure has led investors to expect fewer interest rate cuts from the Federal Reserve, thereby increasing the opportunity cost of holding non-yielding assets like bullion. Silver Rate Today, March 16, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.

Opportunity for Festive and Wedding Buyers

The price correction comes at a strategic time for Indian consumers. With major spring festivals like Ugadi and Gudi Padwa approaching, and the peak Hindu wedding season in full swing, jewellery retailers are reporting a surge in inquiries. Traders suggest that while the long-term trend remains volatile, the current dip - representing a nearly 9 per cent drop from the start of March - offers a rare entry point for those looking to finalise jewellery purchases or invest in gold coins and biscuits.

Silver Prices Under Pressure

Following the trend set by gold, silver also witnessed a notable decline on Tuesday. In major cities, silver is currently retailing at approximately INR 2,69,900 per kg. The white metal has been particularly sensitive to industrial demand forecasts and the broader commodity sell-off triggered by liquidity stresses in the global markets.

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Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Good Returns), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Mar 17, 2026 08:28 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).