Mumbai l New Delhi, India – March 19, 2026
Gold and silver prices declined in India’s bullion market today, with both metals trading lower on the Multi Commodity Exchange (MCX) amid a stronger US dollar and ongoing global uncertainties.
Gold and Silver Prices on MCX
On MCX, 24-carat gold slipped by 0.57% to trade at ₹1,52,150 per 10 grams, while silver dropped 1.21% to ₹2,45,197 per kilogram.
The downward trend reflects broader pressure in the bullion market as global macroeconomic factors weigh on investor sentiment.
Strong Dollar and Global Tensions Weigh on Prices
Market experts attribute the decline to the strengthening US dollar, driven by rising crude oil prices and geopolitical tensions, particularly in the Middle East.
A stronger dollar typically makes gold and silver more expensive for global buyers, reducing demand and pushing prices lower.
Federal Reserve Policy Impacts Market Sentiment
The latest monetary policy decision by the US Federal Reserve has also influenced market movement. The Fed kept interest rates unchanged in the 3.5%–3.75% range for the second consecutive meeting.
Earlier in 2025, the central bank had cut rates three times by 0.25% each. Investors are closely monitoring statements from Fed Chair Jerome Powell for further guidance on future policy direction.
Weakness Seen in International Markets
Global bullion markets also showed signs of decline:
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Spot gold fell 1.22% to around $4,836 per ounce
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Spot silver dropped over 2.25% to approximately $75.75 per ounce
The international trend has directly influenced domestic prices.
Monthly Trend Shows Continued Decline
So far in March, gold prices have declined by nearly 4%, while silver has seen a sharper fall of around 16%.
This sustained weakness has impacted investor confidence, with many adopting a cautious approach in the current market environment.
