Gold and silver prices in India saw a slight decline on 9 March 2026 after recent fluctuations in the global market. Even after the small drop, both precious metals are still trading near high levels due to global economic uncertainty and strong investor demand.
According to the latest market data, the price of 24 carat gold in India is around 1,63,600 rupees per 10 grams.
At the same time, 22 carat gold is being sold at about 1,49,900 rupees per 10 grams, while 18 carat gold is priced close to 1,22,700 rupees per 10 grams. These prices can vary slightly from city to city due to transportation costs, local demand and taxes.
Silver prices have also seen a small dip today. Silver is currently trading around 2,84,900 rupees per kilogram in most major cities of the country. In southern cities like Chennai, Hyderabad and Kerala, silver prices are slightly higher and are around 2,89,900 rupees per kilogram.
Experts say that global economic conditions and geopolitical tensions are continuing to influence the prices of precious metals.
Gold is often considered a safe investment during uncertain times, which is why investors move their money into gold when there is instability in the global economy.
At the international level, gold prices are still trading above 5,100 dollars per ounce. However, some investors are also booking profits after the recent rise in prices, which is one of the reasons for the slight decline seen in the domestic market.
City-wise gold prices on 9 March 2026 are listed below.
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | 18K Gold (₹/10g) |
|---|---|---|---|
| Chennai | 1,64,170 | 1,50,490 | 1,30,690 |
| Mumbai | 1,63,630 | 1,49,990 | 1,22,720 |
| Delhi | 1,63,790 | 1,50,140 | 1,22,870 |
| Kolkata | 1,63,630 | 1,49,990 | 1,22,720 |
| Bangalore | 1,63,630 | 1,49,990 | 1,22,720 |
| Hyderabad | 1,63,630 | 1,49,990 | 1,22,720 |
| Pune | 1,63,630 | 1,49,990 | 1,22,720 |
| Ahmedabad | 1,63,690 | 1,50,040 | 1,22,770 |
In India, the final price of gold also includes 3 percent GST. Apart from this, jewellery shops add making charges which can range from 5 percent to 35 percent depending on the design and brand. Because of these additional costs, the price paid by customers can be higher than the market rate.
Silver prices are generally more volatile than gold because the metal is widely used in industries as well. Apart from jewellery and investment, silver is used in electronics, solar panels and several industrial products. Changes in industrial demand often affect silver prices quickly.
During the first week of March, silver had reached nearly 3,15,000 rupees per kilogram, but prices have corrected in the past few days and are now trading close to 2,84,900 rupees per kilogram.
Silver prices in major cities.
| City | Silver Price (₹/kg) |
|---|---|
| Chennai | 2,89,900 |
| Hyderabad | 2,89,900 |
| Kerala | 2,89,900 |
| Mumbai | 2,84,900 |
| Delhi | 2,84,900 |
| Bangalore | 2,84,900 |
| Kolkata | 2,84,900 |
| Pune | 2,84,900 |
| Ahmedabad | 2,84,900 |
Market analysts believe gold and silver prices may continue to fluctuate depending on global economic developments and investor demand in the coming weeks.
