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News India Live, Digital Desk: The shine of gold remained somewhat dull in the Indian bullion market today. According to India Bullion and Jewelers Association (IBJA), the price of 24 carat gold is approx. ₹143 per 10 grams It has fallen to the level of ₹ 1,55,525. At the same time, silver prices ₹2,000 per kg A huge fall of more than Rs. 1 lakh has been seen, due to which it is trading around Rs. 2.50 lakh.
Today’s latest prices (per 10 grams)
Gold prices based on purity are as follows (without GST and making charges):
| Purity | Today’s Quote (18th March) | Yesterday’s price (17th March) | Change |
|---|---|---|---|
| 24 carat (999) | ₹1,55,525 | ₹1,55,668 | – ₹143 ↓ |
| 22 carat (916) | ₹1,42,461 | ₹1,42,592 | – ₹131 ↓ |
| 18 carat (750) | ₹1,16,644 | ₹1,16,751 | – ₹107 ↓ |
| silver (per kg) | ₹2,50,163 | ₹2,52,340 | – ₹2,177 ↓ |
Export to Sheets
Gold status in metros (24 carat – 10 grams)
Retail prices may vary slightly in major cities:
Delhi: ₹1,56,240
Mumbai: ₹1,56,510
Chennai: ₹1,56,970 (most expensive)
Kolkata: ₹1,56,310
Jaipur/Lucknow: ₹1,55,820
Why did the prices fall? (Market Analysis)
US Fed Meeting: Investors have booked profits ahead of the seasonal policy meeting of the US Federal Reserve. The market expects interest rates to remain stable in the range of 3.5% to 3.75%.
Dollar Index: The pressure on gold has increased due to the strength of the dollar in the international market.
Middle East tensions: Although there is demand for gold as a safe investment due to the Iran-Israel conflict, technical correction is dominant at the moment.
mcx update
April futures gold on Multi Commodity Exchange (MCX) ₹1,55,649 While May futures silver is trading around ₹2,51,118 Has been observed at per kg level.