Gold prices in India saw a slight decline on March 15, 2026, as global geopolitical tensions and financial market fluctuations continued to influence commodity prices. According to the latest figures released by the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold settled at ₹1,58,399 per 10 grams at the close of trading on Friday.
Since the bullion market remains closed during weekends, these rates are expected to remain unchanged on Saturday and Sunday unless international developments cause major shifts when markets reopen.
Gold prices in India are influenced by multiple global and domestic factors such as currency fluctuations, international gold prices, central bank policies, and geopolitical conflicts. Recently, rising tensions in the Middle East and uncertainty in global markets have created volatility in precious metal prices.
Latest Gold Price in India (Per 10 Grams)
According to data from the Indian Bullion and Jewellers Association, the current benchmark prices for different gold purities are:
| Gold Purity | Price (Per 10g) |
|---|---|
| 24 Carat Gold | ₹1,58,399 |
| 22 Carat Gold | ₹1,45,093 |
| 18 Carat Gold | ₹1,18,799 |
| 14 Carat Gold | ₹92,600 (approx market level) |
These prices serve as a national benchmark for bullion traders, jewellers, and investors across India. However, retail prices may vary slightly depending on city taxes, transportation costs, and jeweller margins.
Gold Price Declines in Delhi Bullion Market
Separate figures released by the All India Sarafa Association indicate that gold prices have dropped in the national capital’s bullion market.
The price of 99.9% pure gold (24K) declined by around ₹2,000 per 10 grams, which represents a fall of approximately 1.21%.
As a result, the retail market price in Delhi reached around ₹1,65,200 per 10 grams, including applicable taxes and dealer margins.
Experts say the decline reflects temporary corrections in global gold prices following profit-booking by investors.
Gold Rates in Major Indian Cities (March 15, 2026)
Gold prices can vary slightly from city to city depending on local demand, taxes, and transportation costs. Below are the approximate gold rates across major metropolitan cities.
Delhi
- 24K Gold: ₹1,65,200 / 10g
- 22K Gold: ₹1,51,500 / 10g
Mumbai
- 24K Gold: ₹1,64,800 / 10g
- 22K Gold: ₹1,51,000 / 10g
Chennai
- 24K Gold: ₹1,65,600 / 10g
- 22K Gold: ₹1,51,800 / 10g
Bangalore
- 24K Gold: ₹1,64,900 / 10g
- 22K Gold: ₹1,51,200 / 10g
Hyderabad
- 24K Gold: ₹1,65,000 / 10g
- 22K Gold: ₹1,51,300 / 10g
These city-wise prices may vary slightly between jewellery shops depending on making charges and GST.
Why Gold Prices Are Falling
Market analysts say several factors are currently influencing gold prices:
1. Global Geopolitical Developments
Recent conflicts and tensions across the Middle East have created uncertainty in financial markets. While gold typically rises during crises, short-term corrections often occur when investors book profits.
2. Strength of the US Dollar
A stronger US dollar often pushes gold prices lower because the metal becomes more expensive for international buyers.
3. Investor Profit Booking
After reaching record highs earlier this year, many traders have begun selling gold to secure profits.
4. Interest Rate Expectations
Expectations of interest rate changes by central banks also influence gold demand.
Gold Investment Demand in India
India remains one of the largest consumers of gold in the world, with strong demand coming from both jewellery buyers and investors.
Gold purchases traditionally increase during:
- Wedding seasons
- Religious festivals such as Diwali and Akshaya Tritiya
- Periods of economic uncertainty
Many investors also buy gold as a safe-haven asset to protect their wealth during inflation or market volatility.
Types of Gold Used in India
24 Carat Gold
- Purest form (99.9% purity)
- Mostly used for investment and gold bars
22 Carat Gold
- Contains around 91.6% gold
- Commonly used for jewellery
18 Carat Gold
- Contains 75% gold
- Often used in designer jewellery
14 Carat Gold
- Contains 58.5% gold
- Popular for lightweight jewellery and ornaments
Gold Outlook for 2026
Financial experts believe gold prices may remain volatile throughout 2026 due to:
- Global economic uncertainty
- Rising geopolitical tensions
- Currency fluctuations
- Central bank buying
Many analysts predict that gold could continue trading near record highs if global instability persists.
However, short-term corrections like the one seen this week are considered normal in commodity markets.
Conclusion
Gold prices in India experienced a minor decline on March 15, 2026, with 24-carat gold settling at ₹1,58,399 per 10 grams according to IBJA data. Prices also dropped in the Delhi bullion market, reflecting broader market corrections.
Despite the temporary fall, gold remains a strong long-term investment option, especially during periods of economic uncertainty and geopolitical instability.
Investors and jewellery buyers are advised to monitor daily gold price updates and compare city-wise rates before making purchasing decisions.
