Gold prices rose for a second consecutive day on March 31, the last day of FY2026, while silver prices declined after remaining stable for two days.
In Delhi, 24-carat gold increased by ₹10 per 10 grams, with 22-carat gold also rising by ₹10. Over the past two days, 24-carat gold has gained ₹180 and 22-carat gold has increased by ₹160.
Across major cities including Mumbai, Kolkata, Bengaluru and Hyderabad, 24-carat gold was priced at around ₹1,48,270 per 10 grams. In Lucknow, Jaipur and Delhi, the price stood at ₹1,48,420 per 10 grams, while in Patna and Ahmedabad it was approximately ₹1,48,320 per 10 grams.
For 22-carat gold, prices across most cities ranged between ₹1,35,900 and ₹1,36,060 per 10 grams. The price of 18-carat gold remained in the range of ₹1,11,200 to ₹1,11,350 per 10 grams.
Chennai recorded higher gold prices compared with other cities, with 24-carat gold at ₹1,50,230 per 10 grams.
Silver prices declined in Delhi, falling by ₹100 to ₹2,44,900 per kilogram after remaining stable for two days. Prices in Mumbai and Kolkata were at similar levels, while Chennai reported higher prices at ₹2,55,100 per kilogram.
Recent movements in gold prices have shown fluctuations. After reaching a record high earlier, prices declined before showing a gradual recovery.
According to experts, increased market uncertainty typically leads investors to move towards gold as a safe-haven asset. However, prices face pressure when investors sell gold to offset losses.
At present, both trends are visible in the market, with some investors booking profits while others are buying at lower levels.
George Efstathopoulos, money manager at Fidelity International, stated that the recent decline in gold prices presents a buying opportunity. He cited structural factors such as inflation, fiscal pressure and uncertainty in the bond market as potential supports for gold prices in the future.
