Gold Prices Stabilise Near Record Levels; Domestic Rates Hold at ₹1.59 Lakh per 10g

New Delhi | March 15, Gold prices steadied on Saturday after a brief correction, with international bullion trading close to $5,023 per ounce, while domestic rates in India remained stable at around ₹1.59 lakh per 10 grams for 24-carat gold. The precious metal has been experiencing volatility in recent weeks amid global geopolitical tensions and a strengthening US dollar.

International Market Trends

In global markets, spot gold hovered around $5,023 per ounce, slightly lower than its recent peak above $5,100. Analysts attribute the marginal decline mainly to the strengthening US dollar, which tends to weigh on dollar-denominated commodities such as gold.

Despite the pressure from the stronger currency, gold continues to find support as investors seek safe-haven assets amid ongoing geopolitical tensions in the Middle East. The uncertainty surrounding regional conflicts and global economic conditions has sustained demand for bullion.

Market data shows gold opened at $5,084, reaching a high of $5,132.40 before touching a low of $5,014.10 during recent trading sessions. Overall, the metal registered a daily decline of about 1.25%, reflecting short-term market corrections after the recent rally.

Domestic Gold Prices in India

In India, gold prices remained unchanged compared to the previous day, with the following rates recorded: 24K Gold: ₹15,966 per gram (₹1,59,660 per 10g) 22K Gold: ₹14,635 per gram (₹1,46,350 per 10g) 18K Gold: ₹11,974 per gram (₹1,19,740 per 10g)

Prices vary slightly across major cities due to local taxes and market demand. For instance, Chennai continues to report marginally higher rates compared to other metropolitan cities.

City-Wise Gold Prices Among major Indian cities, the price of 24-carat gold per gram stands approximately at: Chennai: ₹16,102 Mumbai: ₹15,966 Delhi: ₹15,981 Kolkata: ₹15,966 Bengaluru: ₹15,966 Hyderabad: ₹15,966 Gold Price Trend in March

Gold prices have generally shown a declining trend during March 2026. On March 1, the price of 24-carat gold touched ₹17,309 per gram, which has since dropped to ₹15,966 per gram, marking a decline of nearly 7.7% over the month.

The correction is largely linked to currency fluctuations and profit-booking by investors after gold touched record highs earlier in the year.

Factors Influencing Gold Prices Several factors are currently shaping the gold market:

Strong US Dollar: A stronger dollar reduces gold’s appeal for global investors.

Geopolitical Tensions: Conflicts in the Middle East continue to support gold as a safe-haven asset.

Investor Sentiment: Markets are stabilising after the metal’s recent surge to record levels.

What It Means for Investors Experts suggest that the current stabilisation could offer potential entry points for long-term investors. Financial advisors typically recommend allocating 5–15% of an investment portfolio to gold for diversification and risk management.

Investors are also increasingly turning to alternatives such as gold ETFs, digital gold platforms, and bullion contracts, which allow exposure to gold prices without the additional making charges associated with jewellery.

However, buyers of physical gold should keep in mind that purchases in India attract 3% GST, and jewellery purchases may include making charges ranging from 5% to 35%, depending on the design and retailer.

As global economic uncertainties persist, gold is expected to remain an important asset class for investors seeking stability amid market volatility.

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