Gold Price Drops ₹1,960 Per 10 Grams & Silver Rates Also Decline
Gold prices started the second week of March with a noticeable decline, bringing some relief to buyers. On Monday, March 9, 2026, the price of gold dropped significantly in the domestic market. The price of 24-carat gold fell by ₹1,960 per 10 grams, while silver prices also recorded a sharp decline.
Market experts say that fluctuations in the global economy, rising US dollar value, and geopolitical tensions are influencing the movement of precious metal prices.
24-Carat Gold Price Today
According to the latest market data, the price of 24-carat gold decreased by ₹1,960 per 10 grams on March 9, 2026. With this drop, the price of 10 grams of pure gold now stands at ₹1,61,680.
On a per-gram basis, the price of gold has fallen by ₹196. As a result, the price of 1 gram of 24-carat gold is currently ₹16,168.
This decline comes after gold prices had remained relatively high in recent weeks due to global economic uncertainty and safe-haven investment demand.
22-Carat Gold Price:
The price of 22-carat gold has also witnessed a decline. The price of 1 gram of 22-carat gold has dropped by ₹180 and is now priced at ₹14,820.
Similarly, the price of 10 grams of 22-carat gold has come down to ₹1,48,200. This decrease in gold prices may encourage jewelry buyers and investors who were waiting for a favorable opportunity to purchase gold.
Silver Prices Also Drop:
Along with gold, silver prices have also seen a significant fall in today’s market. Reports indicate that silver prices have dropped by around ₹5,000 per kilogram.
Following this decline, the price of silver is currently recorded at approximately ₹2,80,000 per kilogram. The fall in silver prices is largely linked to global commodity market movements and currency fluctuations.
Reasons Behind the Price Drop:
Several global factors are responsible for the recent decline in gold and silver prices. One of the major reasons is the strengthening of the US dollar. When the dollar gains value, gold becomes more expensive for buyers using other currencies, which can reduce demand and lead to price corrections.
Another important factor influencing the market is the ongoing geopolitical tension between Iran and the United States. Despite the uncertainty surrounding the conflict, precious metal prices have recently moved downward due to shifting investor sentiment.
Rising crude oil prices and growing concerns about inflation are also affecting the global financial markets. These factors create volatility in commodity markets, including gold and silver.
In addition, price movements in the Multi Commodity Exchange (MCX) have reflected a similar downward trend in precious metals.
What Could Happen Next?
Market analysts believe that gold and silver prices may continue to remain volatile in the coming weeks. The direction of the market will largely depend on geopolitical developments in the Middle East, the strength of the US dollar, and interest rate decisions in the United States.
Financial experts note that gold and the US dollar often compete as safe-haven investment options during times of global uncertainty. When the dollar strengthens, it can temporarily put pressure on gold prices.
However, experts also emphasize that short-term fluctuations in gold prices are common. For long-term investors, temporary price corrections should not be a major concern. Gold has historically remained one of the most reliable assets for long-term financial security.
As global economic conditions continue to evolve, investors and buyers are advised to keep a close watch on market trends before making major investment decisions in precious metals.