Gold Prices Drop for Second Consecutive Day, Silver Also Declines

New Delhi, March 17 – The domestic bullion market witnessed a marginal decline in gold and silver prices for the second consecutive daybringing some relief to buyers. 24K gold is currently trading between ₹89,660 and ₹89,810 per 10 gramswhile 22K gold is priced between ₹82,190 and ₹82,340 per 10 grams across major Indian markets.

Meanwhile, silver prices have also droppedwith the metal now trading at ₹ 1,02,900 per kilogram in Delhi’s bullion market.

Gold Prices in Major Cities

Delhi

24K Gold – ₹89,810 per 10 grams
22K Gold – ₹82,340 per 10 grams

Mumbai

24K Gold – ₹89,660 per 10 grams
22K Gold – ₹82,190 per 10 grams

Ahmedabad

24K Gold – ₹89,710 per 10 grams
22K Gold – ₹82,240 per 10 grams

Chennai & Kolkata

24K Gold – ₹89,660 per 10 grams
22K Gold – ₹82,190 per 10 grams

Lucknow & Jaipur

24K Gold – ₹89,810 per 10 grams
22K Gold – ₹82,340 per 10 grams

Patna

24K Gold – ₹89,710 per 10 grams
22K Gold – ₹82,240 per 10 grams

Bengaluru, Hyderabad & Bhubaneswar

24K Gold – ₹89,660 per 10 grams
22K Gold – ₹82,190 per 10 grams

Why Are Gold Prices Falling?

The slight dip in gold prices can be attributed to:

Global Market Fluctuations – International gold prices have seen minor corrections after hitting record highs.
Strengthening of the US Dollar – A stable dollar has pressured gold prices slightly.
Reduced Domestic Demand – The post-festive season has led to a temporary decline in demand from buyers and investors.

Silver Prices Also Decline

Alongside gold, silver prices have also droppedtrading at ₹1,02,900 per kilogram in Delhi. The price correction reflects global market trends and reduced industrial demand.