Gold Silver Rate Today, 21 March 2026: City-Wise Prices As MCX Tracks Sharp Fall In Gold And Silver

Gold Price Today in India and Silver Price Today show a downtrend in March 2026, influenced by the Federal Reserve’s cautious stance and a firmer dollar. Domestic rates reflect currency moves, local demand, and GST making charges, with ETFs offering differing cost structures.

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-Ashish Rana

Gold and silver prices in India are sliding on 21 March 2026, tracking sharp global declines after the U.S. Federal Reserve kept interest rates unchanged and hinted at only one rate cut for 2026. International gold is around $4,607 per ounce, while silver trades near $67.95, with domestic prices reflecting both currency moves and local taxes.

In the Indian market, 24K gold is about ₹1.48 lakh per 10 grams, while silver stands near ₹2.55 lakh per kg. Both metals show steep month-to-date corrections as the dollar index strengthens and traders book profits, though rupee moves and local demand during the wedding season could limit some downside for buyers.

Gold Price Today and domestic gold rates

Spot gold is quoted near $4,607.37 per ounce in global trade, with prices easing about 4.5% from recent highs. Per gram, that works out to roughly $148.13. The main trigger is the Fed’s stance, as the central bank left rates unchanged and projected only one possible rate cut for 2026, keeping the dollar stronger.

On Comex, the front-month contract GCW00 shows choppy intraday moves. Prices touched a high of $4,738.20, with a low near $4,478.40. The previous close was $4,605.70, and the latest daily change stands at about -2.47%. Volumes are reported around 220,773 contracts, while open interest is about 160,469, reflecting active speculative and hedging interest.

Domestic bullion prices follow this global tone. In India on 21 March 2026, 24K gold (99.9% purity) trades at ₹14,891 per gram and ₹1,48,910 per 10 grams, down ₹1,370 from the previous session. The popular 22K variant quotes at ₹13,655 per gram and ₹1,36,550 per 10 grams, showing a daily decline of ₹1,200.

For buyers seeking lower purities, 18K gold is available at ₹11,173 per gram and ₹1,11,730 per 10 grams, a fall of ₹980 compared with 20 March 2026. The pressure on domestic prices reflects both softer international benchmarks and the impact of tighter global monetary policy on investor demand for precious metals.

Gold Price Today: detailed rate tables and recent trend

The following table summarises 24K gold prices per gram in India on 21 March 2026, along with changes from the previous day.

For 22K gold, which is widely used in traditional jewellery, rates have also cooled. One gram costs ₹13,655, compared with ₹13,775 on 20 March 2026. The drop becomes more apparent at larger quantities, where 100 grams now cost ₹13,65,500, lower by ₹12,000 from the previous session’s level of ₹13,77,500.

Rates for 18K gold, often used in lighter ornaments and some watches, also show a pullback. One gram is quoted at ₹11,173 versus ₹11,271 earlier. At 10 grams, buyers now pay ₹1,11,730, down ₹980 from ₹1,12,710. At 100 grams, the bill is ₹11,17,300 compared with ₹11,27,100 on 20 March 2026.

Gold Price Today: city-wise gold rates and March movement

City premiums for Gold Price Today remain modest but visible. Among major centres, Chennai records the highest 24K quote at ₹1,52,180 per 10 grams, with 22K at ₹1,39,500. Delhi trades slightly higher than Mumbai in 24K, at ₹1,49,060, while 22K there is ₹1,36,700 per 10 grams.

Per-gram data for Gold Price Today show a similar pattern across cities. Chennai again leads for 24K at ₹15,218 per gram, while 22K there is ₹13,950 and 18K is ₹11,640. In Mumbai, Kolkata, Bangalore, Hyderabad, Kerala and Pune, 24K stands at ₹14,891 per gram, with 22K at ₹13,655 and 18K at ₹11,173.

Looking at Gold Price Today against recent days, both 22K and 24K have seen a steady slide through March 2026. From 12 March 2026, when 24K touched ₹16,331 per gram and 22K stood at ₹14,970, prices have declined, reaching ₹14,891 and ₹13,655 respectively on 21 March 2026.

Gold Price Today: March 2026 trend, ETFs and tax impact

For March 2026, Gold Price Today data highlight a clear downtrend. On 1 March 2026, 24K gold opened at ₹17,309 per gram and 22K at ₹15,865. By 21 March 2026, these had moved to ₹14,891 and ₹13,655. That reflects a fall of about 13.97% for 24K and 13.93% for 22K.

Investment demand through Gold ETFs remains a key factor alongside Gold Price Today. In 2025, Indian Gold ETFs generated strong gains, with some funds returning more than 70% in that year alone. Over a five-year period to March 2026, top schemes show compound annual growth rates above 26%.

Expense ratios on Gold ETFs vary, with some low-cost funds like Zerodha Gold ETF charging about 0.30%. Other schemes can go up to around 1.0%. Liquidity is strongest in products such as Nippon India ETF Gold BeES and Tata Gold ETF, and most leading funds maintain tracking errors below 0.8% against the underlying gold price.

Gold Price Today for jewellery in India also depends on tax structures and making charges under the GST 2.0 system. The effective retail price is higher than the spot rate because buyers pay Goods and Services Tax on gold value and on making charges, along with the impact of import duties set by the government.

As an illustration for Gold Price Today, consider 10 grams of 24K gold priced at ₹1,48,900. A jeweller might add 10% making charges, taking that to ₹14,890. With 3% GST on gold value and 5% GST on making, the final bill can cross ₹1.69 lakh, before any discounts or negotiations.

Gold Price Today vs Gold ETFs: key differences and outlook

When comparing physical jewellery with Gold ETFs, Gold Price Today reveals distinct cost structures. Physical purchases attract 3% GST plus making charges usually between 10% and 35%. ETFs, by contrast, incur no GST at purchase, but investors pay brokerage and an annual expense ratio, which often ranges between 0.3% and 1.0%.

On the outlook side for Gold Price Today, analysts point to the Federal Reserve’s message as central. With rates held steady and guidance for only one possible rate cut in 2026, the dollar has stayed firm. A major support level sits near $4,500 per ounce, and a clean break below could see prices drift towards $4,400.

Other influences on Gold Price Today include geopolitical events and domestic factors. Tensions in regions like the Middle East have lent some support, but the stronger dollar currently dominates. In India, a weaker rupee can cushion international declines, and upcoming wedding demand often adds physical buying, while any change in import duty may alter local pricing.

Market participants say that if the dollar index continues to move higher, gold could test the $4,500 area soon. However, a softer stance from central banks or any intensification in geopolitical risks could trigger a swift bounce. Traders therefore see both downside risk and the possibility of quick rebounds in the short term.

Information on Gold Price Today is meant for reference and may not include levies such as GST or Tax Collected at Source. Actual jewellery bills in India typically add 3% GST and making charges between 5% and 35%, depending on design and brand. Buyers are advised to confirm final quotes with local jewellers before completing transactions.

Silver Price Today and domestic silver rates

Alongside gold, Silver Price Today on 21 March 2026 shows a deeper correction. International spot silver has fallen over 6% in the latest session to around $67.81–$67.95 per ounce. That translates to roughly $2.19–$2.36 per gram, as aggressive profit-taking follows this year’s earlier rally.

On the Comex SIW00 contract, Silver Price Today reflects heavy selling. The session opened at $72.83, with an intraday high at $74.62 and a low of $67.74. The previous close was $71.22, and daily losses stand near 4.78%. Volume is about 49,058 contracts, while open interest comes in at 73,318.

In India, Silver Price Today for fine silver of 999 purity is ₹255 per gram, ₹2,550 per 10 grams and ₹2,55,000 per kg. Prices have dropped ₹5 per gram and ₹5,000 per kg compared with 20 March 2026. For 925 sterling silver, the rate stands at ₹235.88 per gram and ₹2,14,646 per kg, lower by ₹4,625.

Silver Price Today: detailed rate tables and March movement

Short-term data for Silver Price Today underline the latest slide. One gram now trades at ₹255 against ₹260 on 20 March 2026. At 8 grams, the rate is ₹2,040, down ₹40. Ten grams cost ₹2,550, a fall of ₹50, while 1 kg is quoted at ₹2,55,000 compared with ₹2,60,000 a day earlier.

City-wise Silver Price Today shows a split between northern and southern centres. Delhi, Mumbai, Bangalore, Kolkata, Pune and Ahmedabad all record ₹2,55,000 per kg. In contrast, Chennai, Hyderabad and Kerala trade at ₹2,60,000 per kg, reflecting regional premiums that can reach ₹5,000–₹10,000 because of stronger local demand.

Across different denominations, Silver Price Today remains consistent within each city. For instance, in Chennai, Hyderabad and Kerala, 10 grams cost ₹2,600, 100 grams are ₹26,000 and 1 kg is ₹2,60,000. In Mumbai, Delhi and most other major cities, those quantities are priced at ₹2,550, ₹25,500 and ₹2,55,000 respectively.

Over the last ten days, Silver Price Today data show a sharp retreat from early March peaks. On 12 March 2026, 1 kg stood at ₹2,90,000, climbing to ₹2,80,000–₹2,79,900 on subsequent days before dropping steadily. By 21 March 2026, the rate reached ₹2,55,000 per kg, with 10 grams at ₹2,550.

Silver Price Today: March 2026 volatility and outlook

For the broader month, Silver Price Today reflects significant volatility. On 1 March 2026, silver opened near ₹2,95,000 per kg, rising to a peak of ₹3,15,000 on 2 March 2026. By 21 March 2026, the closing level had fallen back to ₹2,55,000, implying a monthly decline of about 13.56% from the high.

Silver Price Today is influenced by many of the same macro factors as gold. Geopolitical tensions, US inflation data and hawkish signals from major central banks have all shaped trading this month. At the same time, silver has seen heavy profit-taking, leading to a fall of roughly 21% month-to-date in international markets.

Looking ahead, analysts tracking Silver Price Today say the US dollar remains a key driver. Should the dollar index continue to rise, silver might test support around $65 per ounce. That level is seen as an important technical floor, below which further weakness could not be ruled out in the short term.

Industrial use also plays a role in Silver Price Today. Demand from electronics and solar panel manufacturing can provide support if global factory activity improves. In India, a weaker rupee would soften some of the impact from overseas declines, though buyers still face costs from GST and import duties on physical bars, coins and jewellery.

Experts note that regional premiums within India remain a feature of Silver Price Today, particularly in southern cities such as Chennai and Hyderabad. These markets often trade ₹5,000–₹10,000 per kg above other centres due to higher consumption. Overall, current silver levels represent a significant correction from early March peaks, but future moves will depend on currency, policy and industrial signals.

Published Gold Price Today and Silver Price Today figures are indicative and typically exclude GST, making charges and other local levies. Physical purchases usually attract an additional 3% GST and varying making charges based on product type and design. Market participants recommend checking live quotes with neighbourhood jewellers or authorised dealers before making any investment or purchase decision.