Gold and Silver Prices Continue to Decline Across Major Cities
Current Trends in Gold and Silver Prices
Jaipur, March 20, 2026 – The downward trend in gold and silver prices persists across the nation today. The strengthening of the US dollar, rising bond yields, and robust economic data from the United States have led to a decrease in gold demand, which is clearly reflected in the Indian market. Significant declines have been observed in gold futures on the MCX, with a drop of over 3% in recent days.
Gold Prices in Major Cities (per gram, updated March 20, 2026 morning):
- 24 Carat Gold (99.9% purity): Ranges between ₹14,770 and ₹15,093 (slight variations by city). In several locations, it has dipped below ₹15,000.
- 22 Carat Gold (91.6% purity): Priced at ₹13,529 to ₹13,835 per gram. In most major cities, it has settled between ₹13,500 and ₹14,000, providing some relief to investors.
- 18 Carat Gold: Costs between ₹11,077 and ₹11,320 per gram.
Latest Rates in Jaipur (based on local market and online sources):
Current Rates:
- 24 Carat: Approximately ₹15,000-15,093 per gram
- 22 Carat: ₹13,789-13,835 per gram (hovering around ₹13,500-14,000)
- In the past few days, the price of 10 grams of 24K gold has decreased by ₹4,000-7,000, with a similar trend observed in 22K gold.
Estimated Rates for 10 Grams in Major Cities (at market close):
- Delhi/Mumbai: 24K ≈ ₹1,47,000-1,50,930 | 22K ≈ ₹1,35,000-1,38,000
- Jaipur: 24K ≈ ₹1,50,000-1,50,930 | 22K ≈ ₹1,37,890-1,38,350
- Chennai/Bengaluru: Slight fluctuations, but similar declines
- Overall, gold prices have significantly dropped from their peaks in March 2026, presenting a buying opportunity for investors.
Continuous Decline in Silver Prices
Silver prices are also experiencing a downturn alongside gold. Today in Jaipur and other cities:
- Silver per gram: Approximately ₹250-260
- Per kilogram: ₹2,50,000-2,60,000 (a decrease of over ₹5,000 in recent days), with global spot silver also down by more than 2%.
Expert Insights
Analysts suggest that the pressure on gold and silver prices is due to the US Federal Reserve's policies, a strong dollar, and inflation data. However, if global uncertainties rise, prices could rebound. Currently, it appears to be a favorable time for purchasing jewelry or investing, especially in 22-carat gold, where rates are around ₹13,500-14,000 per gram.
Note: These rates are subject to market fluctuations. Always check live rates with local jewelers or reliable apps (like Goodreturns, MCX) before buying or selling. Making charges are additional.