Gold prices fell in India despite geopolitical tensions caused by the war between the United States and Iran in the Middle East.
The decline in prices is attributed to a margin call environment, with investors selling profitable gold positions to cover losses in stocks, according to analysts by ANI. Follow live updates about the conflict in the Middle East
Here are the gold and silver prices by city in India on Monday, March 23, 2026:
Delhi: In the national capital, 22-carat gold prices stabilized $1,25,467.27 per 10 grams. Silver prices in Delhi today $2300 per 10 grams.
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Mumbai: 22-carat gold prices rose in Mumbai on Monday $1,25,592.74 per 10 grams. Silver in Mumbai stood at $2300 per 10 grams.
Chennai: As for 22 carat gold in Chennai, prices stabilized at $1,26,596.47 per 10 grams. Silver prices stopped at $2,350 per 10 grams.
Kolkata: As for 22 carat gold in Kolkata, prices stabilized at $1,26,471.01 per 10 grams. Silver stood at $2300 per 10 grams.
Bengaluru: The price of 22 carat gold in Bengaluru reached $1,28,350 per 10 grams, while silver stabilized at $2300 per 10 grams.
Hyderabad: The price of 22 carat gold in Hyderabad on Monday $1,28,350 per 10 gram and silver reached $2300 per 10 grams.
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Globally, gold prices fell more than 2% on Monday, continuing their decline to the lowest level in almost four months. By 0238 GMT, gold in spot transactions fell 2.5 percent to $4,372.86 per ounce. Reuters reported that the metal, which fell on Monday to its lowest level since January 2, lost more than 10% last week.
Amid this decline, precious metal prices are likely to consolidate with a moderate recovery bias next week after a sharp correction, although the upside may remain limited amid rising interest rates and a stronger US dollar, PTI quoted analysts as saying.
“Next week, the gold price may see some consolidation and slight recovery before prices take their next move on either side,” Pranav Mir, Vice President, EBG – Commodity and Currency Research, JM Financial Services Ltd, told PTI.
In the local market, precious metal prices witnessed sharp losses last week.
