Gold and Silver Prices Fall for Third Straight Day in India

New Delhi, March 14: Gold and silver prices in India continued to fall for the third consecutive day on Saturday as global market conditions put pressure on precious metals.

According to market data, the price of 24-carat gold dropped by ₹1,030 to ₹1,59,660 per 10 grams. Meanwhile, 22-carat gold fell by ₹950 to ₹1,46,350 per 10 grams, and 18-carat gold declined by ₹780 to ₹1,19,740 per 10 grams.

Silver prices also saw a significant decline. On the Multi Commodity Exchange (MCX), silver prices fell by about ₹8,683 to around ₹2,59,279 per kilogram during the week.

Experts say the main reason behind the fall in gold and silver prices is the strengthening of the US dollar. Investors are moving their money into other assets that offer better returns, such as bonds and currencies.

Another important factor is the rise in crude oil prices, which have crossed $100 per barrel. Higher oil prices may increase inflation, which could force central banks to keep interest rates high for a longer period.

Normally, gold prices rise during global tensions because investors see gold as a safe investment. However, in the current situation, many investors are choosing cash and other assets instead of precious metals.

Markets are also waiting for the US Federal Reserve’s policy meeting next week, which could influence future interest rate decisions and affect gold prices further.

Analysts believe gold prices may remain volatile in the coming days, depending on global economic conditions and central bank policies.

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