Gold, and Silver Price Today in India:On March 23 2026, gold and silver prices in India experienced a major decline because of the largest international market selloff which had occurred in decades. The bullion markets started their new trading day with a weak opening because both metals had suffered significant losses during the day.
Gold, and Silver Price Today in India (March 23, 2026)
As per latest available market updates and city-wise data:
- 24 Carat Gold: ₹1,55,000 – ₹1,58,000 per 10 grams
- 22 Carat Gold: ₹1,42,000 – ₹1,45,000 per 10 grams
- Per gram (24K): ₹15,500 – ₹15,800
Reports indicate gold has fallen by nearly ₹7,000–₹8,000 on MCX in a single session, contributing to the steep weekly decline.
Silver Prices in India (March 23, 2026)
Silver has seen even more dramatic movement:
- Silver Price (1 kg): ₹2,10,000 – ₹2,15,000 per kg
- Per gram: ₹210 – ₹215
The price of the metal dropped by more than ₹14,000 per kilogram which resulted in prices reaching almost ₹2.13 lakh per kilogram at MCX.
The current silver market value shows a correction of more than two lakh rupees because it was trading between ₹2.6 and ₹2.8 lakh per kilogram earlier this month.
Gold and Silver Prices Crash: Silver Drops Rs 17,000, Gold Falls to Rs 1.53 Lakh
Impact on Indian Markets and Investors
The bullion market experienced a price drop which matched the general market decline that affected Indian stocks because of worldwide market uncertainties.
During the session, gold ETFs experienced a decrease of 9% while silver ETFs experienced a 20% decline.
Should You Buy or Wait?
Analysts are advising caution:
High volatility periods should lead to restricted buying activity
Investors should make investments through SIP-style buying methods which involve incremental purchasing over time
Investors should monitor global economic indicators which include inflation statistics and the patterns of interest rate projections
Long-term investors might identify this correction as a good chance to buy because they expect price stability after the market declines.
As of today, gold is hovering around ₹1.55–1.58 lakh per 10 grams, while silver has dropped close to ₹2.1–2.15 lakh per kg in India. The sharp crash reflects global macroeconomic shifts rather than local demand factors.
