Gold and silver prices declined sharply on the Multi Commodity Exchange (MCX) on March 11, 2026, with gold falling by nearly ₹1,000 and silver dropping by more than ₹5,000 amid volatile market conditions.
On Wednesday, March 11, 2026, both precious metals traded with a weaker trend in early trading on the Multi Commodity Exchange of India. During the morning session, gold prices declined by around ₹1,000 while silver recorded a drop of more than ₹5,000.
Gold and silver prices have witnessed continued fluctuations in recent days. Global economic conditions, movements in the US dollar, and international tensions have been influencing price trends in these metals. Investors observed the price decline as markets opened on Wednesday.
Gold for April delivery on the MCX traded lower during morning trading. At around 11:45 am, gold was trading at ₹1,62,733 per 10 grams, down ₹570.
Earlier in the session, gold prices had fallen further. At one point, the metal had declined by as much as ₹1,003, indicating continued volatility in the market and a cautious stance among investors.
The decline in gold prices occurred at a time when uncertainty persists around economic data in global markets.
Silver prices also recorded a sharp decline on Wednesday. On the MCX, silver was trading at approximately ₹2,74,140 per kilogram, down ₹3,710.
During early trading, silver prices had fallen by as much as ₹5,243. The movement has drawn attention from investors as silver prices had risen rapidly in recent periods.
According to experts, such movements in silver prices are being influenced by international market conditions and economic data.
In international markets on Wednesday, gold prices recorded a slight increase. Spot gold rose about 0.3 percent to around $5,208.08 per ounce.
Spot silver prices registered a marginal decline. In international markets, silver was trading about 0.1 percent lower at around $88.35 per ounce.
Global markets showed mixed trends as crude oil prices declined and some relief was seen regarding inflation. As a result, gold and silver prices moved in different directions.
Activity was also observed in energy markets, where crude oil prices slipped below $90 per barrel. Movements in oil prices can influence metals such as gold and silver, as fluctuations in energy markets often lead investors to shift allocations across different assets.
