Gold and silver prices declined in the domestic commodity market on Wednesday, March 18, with both metals trading lower on the Multi Commodity Exchange (MCX).
Gold futures for April 2, 2026 expiry opened at Rs 1,55,658 per 10 grams on MCX, compared with the previous close of Rs 1,55,985 per 10 grams. At around 9:50 am, the contract was trading at Rs 1,55,488, down 0.32 percent. During early trade, the contract touched a high of Rs 1,55,788 before witnessing mild selling pressure.
Silver prices also recorded a sharp decline. The May 5, 2026 expiry silver contract on MCX was trading at Rs 2,50,750 per kilogram, down around 0.93 percent, or approximately Rs 2,300. The metal opened at Rs 2,51,498 and touched an intraday high of Rs 2,51,639 before declining.
In the spot market across major cities, silver prices stood at Rs 2,650 per 10 grams and Rs 26,500 per 100 grams in Delhi, Mumbai, and Kolkata. In Chennai, silver prices were higher at Rs 2,801 per 10 grams.
In Delhi, 24-carat gold was priced at Rs 1,58,240 per 10 grams, while 22-carat gold stood at Rs 1,45,060 per 10 grams and 18-carat gold at Rs 1,18,720 per 10 grams.
In Mumbai and Kolkata, 24-carat gold was priced at Rs 1,57,750 per 10 grams. The price of 22-carat gold was Rs 1,44,600 per 10 grams, while 18-carat gold was available at Rs 1,18,310 per 10 grams.
In Chennai, 24-carat gold was priced at Rs 1,59,810 per 10 grams, with 22-carat gold at Rs 1,46,490 per 10 grams and 18-carat gold at Rs 1,23,290 per 10 grams.
In Ahmedabad, 24-carat gold was priced at Rs 1,58,140 per 10 grams, while 22-carat gold was at Rs 1,44,960 and 18-carat gold at Rs 1,18,620 per 10 grams.
In Lucknow, gold prices mirrored Delhi levels, with 24-carat gold at Rs 1,58,240 and 22-carat gold at Rs 1,45,060 per 10 grams.
In Patna, 24-carat gold was priced at Rs 1,58,140 per 10 grams and 22-carat gold at Rs 1,44,960 per 10 grams.
In Hyderabad, gold prices were aligned with Mumbai and Kolkata, with 24-carat gold at Rs 1,57,750 per 10 grams, 22-carat gold at Rs 1,44,600 per 10 grams, and 18-carat gold at Rs 1,18,310 per 10 grams.
The decline in gold and silver prices reflects movements in global markets, fluctuations in the US dollar, and uncertainty around interest rates. Investor positioning across asset classes also influences commodity prices.
