Gold rate today, March 14: Gold drops to ₹15,966 per gram. (Photo: Canva)
Gold prices in India declined for the third consecutive day on March 14, with the yellow metal slipping below the ₹1.60 lakh mark for 10 grams of 24-carat gold.
According to the latest market data, 24-carat gold is priced at ₹15,966 per gram, while 22-carat gold stands at ₹14,635 per gram. Meanwhile, silver is trading at ₹275 per gram or ₹2,75,000 per kilogram in the domestic market.
The fall in prices comes amid global market uncertainty and a strengthening US dollar, which has put pressure on bullion prices despite geopolitical tensions in the Middle East.
Gold prices registered a noticeable decline compared to the previous day. The price of 10 grams of 24-carat gold has dropped by ₹1,030, while 100 grams has plunged by ₹10,300, indicating sustained selling pressure in the bullion market.
Currently, 24-carat gold (99.9% purity) is priced at ₹15,966 per gram, while 22-carat gold (91.6% purity) is available at ₹14,635 per gram. Meanwhile, 18-carat gold (75% purity) is trading at ₹11,974 per gram.
Gold rates vary slightly across major Indian cities due to local taxes and demand.
Delhi: 24K gold – ₹15,981 per gram; 22K gold – ₹14,650 per gram
Mumbai: 24K gold – ₹15,966 per gram; 22K gold – ₹14,635 per gram
Chennai: 24K gold – ₹16,102 per gram; 22K gold – ₹14,760 per gram
Kolkata: 24K gold – ₹15,966 per gram; 22K gold – ₹14,635 per gram
Bengaluru: 24K gold – ₹15,966 per gram; 22K gold – ₹14,635 per gram
Silver prices have also seen a decline in the domestic market. The current silver rate stands at ₹275 per gram, bringing the price of 1 kilogram of silver to ₹2,75,000.
In major cities such as Delhi, Mumbai and Bengaluru, silver is trading at around ₹2,75,000 per kilogram, while in Chennai and Hyderabad it is slightly higher at ₹2,80,000 per kilogram.
Analysts say that the recent fall in gold prices is largely due to the strengthening US dollar and rising crude oil prices, which have raised concerns about inflation. This has reduced expectations of interest rate cuts by the US Federal Reserve in 2026.
Market participants are also awaiting the Federal Reserve’s upcoming policy meeting, which could influence the direction of global gold prices.
According to Jateen Trivedi, VP Research Analyst at LKP Securities, gold prices are currently moving in a volatile but range-bound pattern.
“Technically, support for MCX gold is seen near ₹1,58,000, while resistance remains around ₹1,61,500, keeping the market in a volatile but range-bound structure ahead of the policy outcome,” he said.
With global economic cues and central bank policies expected to influence the bullion market in the coming weeks, investors are likely to remain cautious in the near term.
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Sofia Babu Chacko is a journalist with over five years of experience reporting on Indian politics, crime, human rights, gender issues, and stories about marginalized communities. She believes journalism plays a crucial role in amplifying unheard voices and bringing attention to issues that truly matter. Sofia has contributed articles to The New Indian Express, Youth Ki Awaaz, and Maktoob Media. She is also a recipient of the 2025 Laadli Media Awards for gender sensitivity. Beyond the newsroom, she is a music enthusiast who enjoys singing. Connect with Sofia on X: https://x.com/SBCism
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