Mumbai, March 24: Precious metal prices in India showed signs of stabilisation on Tuesday, March 24, following a period of high volatility driven by global economic cues. According to the latest data from Good Returns, 24-carat gold is currently trading at INR 1,43,060 per 10 grams in the national capital, while silver has maintained its position near the INR 2,35,000 per kilogram mark. Market analysts attribute this steady trend to a balancing act between a firming US dollar and consistent domestic retail demand.

City-Wise Gold Rates for 22K and 24K

Gold prices across major Indian cities reflect a narrow trading range today. While base prices remain consistent with international bullion trends, local taxes, state duties, and making charges result in regional variations. Gold Rate Today, March 24, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai And Other Cities.

Chennai continues to see a higher premium compared to other metros due to sustained retail demand in the region.

City 22K Gold (per 10g) 24K Gold (per 10g)
Delhi INR 1,31,150 INR 1,43,060
Mumbai INR 1,31,000 INR 1,42,910
Chennai INR 1,32,500 INR 1,44,560
Bengaluru INR 1,31,000 INR 1,42,910
Kolkata INR 1,31,000 INR 1,42,910

Silver Prices Face Resistance

Silver rates in India have seen a significant retreat from the record highs recorded in late 2025. On Tuesday, the industrial metal was quoted at INR 2,35,000 per kg in Delhi and Mumbai. However, in Southern cities like Chennai and Hyderabad, the rate remains slightly higher, hovering around INR 2,50,000 per kg. The recent bearish trend in silver is largely attributed to reduced industrial off-take and a shift in investor focus toward equity markets as the Indian financial year draws to a close on March 31. Despite the dip, silver remains a preferred hedge for many small-scale investors.

Market Outlook and Global Factors

The current price stability is influenced by a combination of domestic and international factors. A steady U.S. Dollar Index has capped the upside for bullion, making gold more expensive for holders of other currencies. Additionally, the easing of geopolitical tensions in the Middle East has reduced the "safe-haven" buying that pushed prices to historic levels earlier this year. Domestically, jewellers report moderate footfall as consumers monitor the market for further corrections before the upcoming festive season. Furthermore, strict adherence to HUID (Hallmark Unique Identification) norms continues to streamline the organized jewellery sector, ensuring price and purity transparency for retail buyers. Silver Rate Today, March 24, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.

Market experts suggest that while the immediate trend appears neutral, any sudden fluctuations in crude oil prices or shifts in U.S. Federal Reserve commentary regarding interest rate cuts could trigger fresh movement. For now, the ₹1,35,000 mark for 24K gold is viewed as a significant psychological support level for the Indian market.

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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 24, 2026 06:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).