Gold Silver Rate Today, 22 March 2026: City-Wise Prices, MCX Gold Stable In India Despite Global Price Fall

This article analyses gold and silver prices on 22 March 2026, highlighting international declines, the influence of a strong US dollar, rupee movements, and city level premiums in India, along with futures levels and 10-day trends for both metals.

Precious metal prices on 22 March 2026 show gold and silver holding near recent lows after steep falls in March, as a strong US dollar and a cautious U.S. Federal Reserve outlook keep pressure on international benchmarks, while a weaker rupee and city-level premiums in India are softening the impact for domestic buyers across major centres.

Spot gold is hovering close to $4,490 per ounce globally, with the domestic 24K rate broadly steady near ₹1.45 lakh per 10 grams. Silver is trading around $69.66 per ounce overseas, while Indian prices are near ₹2.45 lakh per kilogram, with southern markets such as Chennai and Hyderabad quoting modest mark-ups.

Gold Price Today and Silver Price Today: International market snapshot and intraday moves

International gold has seen a weekly drop of more than $527 per ounce, or about 10.5 percent, as traders react to the latest U.S. Federal Reserve guidance. The central bank has kept interest rates unchanged and signalled only one possible rate cut for 2026, which has lifted the dollar and made bullion costlier for buyers using other currencies.

Key intraday levels for the front-month gold futures contract Gold (GCW00) show how the pressure has built. Prices opened around $4,653.90, touched a high of $4,738.20 and slipped to an intraday low near $4,478.40. By 21 March, 5:00 am, the price hovered close to $4,492 with daily losses of about 2.47 percent, on volume of 220,773 lots.

Gold Price Today and Silver Price Today: Domestic gold rates across India

Despite the global slide, domestic bullion prices have stayed flat compared with 21 March 2026, helped by rupee weakness. Standard 24K gold of 99.9 percent purity is quoted around ₹14,597 per gram, or ₹1,45,970 per 10 grams, while 22K gold at 91.6 percent purity trades close to ₹13,380 per gram, or ₹1,33,800 per 10 grams.

Lower purity 18K gold is available near ₹10,948 per gram, equal to ₹1,09,480 for 10 grams, with no day-on-day change. These figures exclude Goods and Services Tax and typical jewellery making charges, which are added at retail counters and can vary by design, purity, and store location across India’s organised and unorganised markets.

The detailed domestic bullion rate card for 22 March 2026 is as follows.

Gold Price Today and Silver Price Today: City-wise Indian gold rates and recent trend

City-level gold prices on 22 March 2026 show modest differences between major hubs. In Delhi, 24K gold costs about ₹1,46,120 per 10 grams, compared with ₹1,45,970 in Mumbai, Bangalore and Hyderabad. Chennai remains higher at around ₹1,48,580 for 24K, while 22K there trades close to ₹1,36,200 per 10 grams.

Per-gram levels also reflect these differences, especially for Chennai. In that city, 24K gold is around ₹14,858 per gram compared with ₹14,597 in Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune. Delhi quotes near ₹14,612 per gram for 24K, suggesting small but visible regional spreads even when national benchmarks remain unchanged.

Gold Price Today and Silver Price Today: Gold’s recent performance and technical levels

Looking at March 2026, Indian gold rates show a clear downward pattern. On 1 March, 24K gold was near ₹17,309 per gram and 22K around ₹15,865. By 22 March, these had fallen to ₹14,597 and ₹13,380 respectively, marking a decline of roughly 15.67 percent for 24K and 15.66 percent for 22K from the month’s start.

Gold Price Today and Silver Price Today: Silver market overview and volatility

Silver has mirrored gold’s weakness in March 2026 but with sharper swings. Spot silver trades near $69.66 per ounce, after a month-to-date fall between 16.95 percent and 21 percent. Domestic prices are around ₹2,45,000 per kilogram, down from an early March peak, yet southern cities continue to charge about ₹5,000 extra per kilogram.

Price action for the front-month silver contract Silver (SIW00) shows the downtrend. The contract opened at $72.83, reached an intraday high of $74.62, and slipped to a low near $67.74. By 21 March, 5:00 am, prices were around $69.66, down 2.18 percent for the day, with open interest reported at 73,318 lots and volume near 49,058.

Gold Price Today and Silver Price Today: Domestic silver rates and city premiums

Standard silver of 999 fineness is priced at about ₹245 per gram and ₹2,450 per 10 grams across most Indian cities on 22 March 2026. The per-kilogram benchmark stands near ₹2,45,000, unchanged from the previous session. These rates are indicative wholesale or benchmark levels, and do not include GST, making charges or retailer margins.

Regional spreads in silver mirror patterns seen in gold. Chennai, Hyderabad and Kerala quote around ₹2,50,000 per kilogram, while Delhi, Mumbai, Kolkata, Bangalore, Pune and Ahmedabad hover at ₹2,45,000. This ₹5,000 difference reflects higher local demand and logistical factors, and is also visible in 10-gram and 100-gram slabs used by many small buyers.

Gold Price Today and Silver Price Today: Silver trend in March and key drivers

During March 2026, silver prices in India have seen wide swings between ₹2,45,000 and ₹3,15,000 per kilogram. The month began at ₹2,95,000 per kilogram on 1 March, surged to ₹3,15,000 on 2 March, then dropped steadily to ₹2,45,000 by 22 March, indicating a monthly fall of about 16.95 percent from the early peak.

Gold Price Today and Silver Price Today: Outlook, drivers and support levels

For gold, analysts point to the strong U.S. dollar and limited scope for rate cuts as the main near-term headwinds. Market commentary notes that the next major support for international prices lies around $4,400 per ounce. Tensions in the Middle East provide some underlying support, but currency strength is dominating behaviour for now.

Specialists also highlight the rupee’s role for Indian buyers. A weaker rupee versus the dollar can cushion some of the global drop, so domestic prices may not mirror the full extent of international declines. Expert views suggest that gold could test $4,400 in the coming weeks if the dollar index keeps gaining, though any dovish signals from major central banks could trigger a bounce.

Silver’s short-term prospects are tied to similar factors. A firmer dollar and continued profit-taking after this year’s earlier rally could drag prices towards the next key support near $65 per ounce. However, industrial demand from sectors such as electronics and solar panel manufacturing may help limit deeper losses if global factory activity improves over coming months.

Analysts state that if the dollar index extends its rise, silver may revisit $65 per ounce soon. At the same time, any flare-up in geopolitical risks or a clear pickup in industrial offtake could support prices and even prompt a rebound. Current levels represent a sharp correction from March highs, which some long-term investors may view as accumulation zones.

Gold Price Today and Silver Price Today: Taxes, making charges and investment routes

For Indian consumers, final purchase costs for both gold and silver are higher than benchmark quotes. A 3 percent GST applies on the value of gold or silver bought. Jewellery and silverware also usually carry making charges, which often range from 5 percent to 35 percent for gold items and roughly 5 percent to 25 percent for silver, depending on design complexity.

Those seeking price exposure without paying making charges often choose financial instruments. Common options include Gold ETFs and digital gold, which track market prices and can be traded through brokers or platforms. For silver, investors may prefer Silver ETFs or digital silver products instead of physical bars or coins, which also bear storage and fabrication costs.

Market participants stress that Indian gold and silver prices are influenced by global benchmarks and currency movements, along with import duties. The rates mentioned for 22 March 2026 are indicative values compiled from market sources and exclude GST, Tax Collected at Source and other levies. Actual retail quotes can differ between jewellers and cities, so buyers are advised to check prevailing local prices before making purchases.