Gold Prices in India: Live Updates for 24K, 22K, 18K Gold Rates on March 16, 2026
Gold Prices Fall as Energy Prices and Inflation Concerns Rise
Market Overview
On Monday, gold prices declined due to increasing energy prices and inflation concerns, which reduced expectations of US interest-rate cuts. The conflict between the US, Israel, and Iran continued to escalate, contributing to the decline.
Indian Gold Market
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In India, the MCX gold rate for April futures contracts opened lower by ₹1,225 (0.77%) at ₹1,57,241 per 10 grams compared to its previous close of ₹1,58,466. The precious metal's price extended losses after opening lower, trading at ₹1,55,000 per 10 grams, down by 0.82%.
Gold Prices Over the Years
Notably, gold prices experienced their strongest bull run since 1979, rising by over 75% last year. In recent months, gold prices have risen modestly amid strong safe-haven demand and global economic uncertainty. In India, the yellow metal climbed from ₹135,257 in early January to ₹157,480 by March, marking an appreciation of around 16%.
Latest Gold Prices Across Indian Cities
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| City | 24 Karat Gold Price (₹/10 gm) | 22 Karat Gold Price (₹/10 gm) | 18 Karat Gold Price (₹/10 gm) |
|---|---|---|---|
| Mumbai | ₹1,57,090 | ₹143,999 | ₹117,818 |
| Kolkata | ₹156,810 | ₹143,743 | ₹117,608 |
| New Delhi | ₹156,740 | ₹143,678 | ₹117,555 |
| Bengaluru | ₹157,140 | ₹144,045 | ₹117,855 |
| Chennai | ₹157,470 | ₹144,348 | ₹118,103 |
| Ahmedabad | ₹157,220 | ₹144,118 | ₹117,915 |
| Hyderabad | ₹157,190 | ₹144,091 | ₹117,893 |
Investor Takeaway
Investors should be cautious of potential market volatility due to rising energy prices and inflation concerns.
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