Mumbai, March 31: Gold prices in India witnessed a marginal uptick on Tuesday as the month drew to a close, with 24-carat gold averaging INR 1,48,220 per 10 grams across major cities. International spot gold edged higher to approximately USD 4,472 per ounce, reflecting a modest monthly recovery despite a strong USD and persistent geopolitical uncertainties in West Asia.

In Mumbai, the price for 22-carat gold is currently retailing at INR 1,35,870 per 10 grams, while the higher purity 24-carat variant stands at INR 1,48,220. While domestic rates saw a slight increase of approximately INR 140 per 10 grams compared to the previous day, the market remains in a period of consolidation following high volatility earlier in March 2026. Gold Rate Today, March 30, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Gold Price Today in Major Indian Cities

The capital city, Delhi, maintains slightly higher rates with 24-carat gold priced at INR 1,48,420 per 10 grams. In the southern markets, Chennai continues to show a premium, with 24-carat gold retailing at INR 1,49,150. These regional variations are primarily attributed to differing local taxes, transport costs, and specific state-level levies.

City 22K Gold Rate (Per 10g) 24K Gold Rate (Per 10g)
Mumbai INR 1,35,910 INR 1,48,270
Delhi INR 1,36,060 INR 1,48,420
Chennai INR 1,36,040 INR 1,50,230
Kolkata INR 1,35,910 INR 1,48,270
Bangalore INR 1,35,910 INR 1,48,270
Hyderabad INR 1,35,910 INR 1,48,270
Ahmedabad INR 1,35,960 INR 1,48,320

Factors Influencing Precious Metal Trends

The steady rise at the end of the month is linked to a combination of safe-haven demand and month-end portfolio balancing by institutional investors. While the high interest rate environment in the United States typically puts pressure on non-yielding assets like gold, the ongoing tensions in the Middle East have provided a consistent floor for prices throughout the first quarter of 2026.

In the domestic retail market, demand is expected to see a seasonal boost as consumers prepare for upcoming cultural festivals and the traditional wedding season. However, analysts note that the final price paid by consumers at retail outlets like Tanishq or Malabar Gold will include a 3% GST and making charges, which typically range from 5% to 35% depending on the complexity of the jewellery design.

Gold Rate Outlook and Investor Considerations

For investors, the primary focus remains on the movement of the USD and any potential softening of global inflation data. Should the USD weaken, market experts suggest that international gold could trigger a rebound toward the USD 4,550 per ounce resistance level. Conversely, support remains firm at the USD 4,400 mark. Gold Rate Today, March 29, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Many Indian households continue to diversify their holdings through digital gold and Sovereign Gold Bonds (SGBs) to avoid the physical storage risks and making charges associated with bullion. As April 2026 approaches, market participants will be closely watching central bank commentary for clues on future interest rate trajectories, which will likely dictate the next major move for precious metals.

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(The above story first appeared on LatestLY on Mar 31, 2026 07:47 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).