Gold Rate Today Live Updates: Silver plunges Rs 26,000, gold down Rs 13,000

Gold and silver prices continued to slide during Monday afternoon trade on the Multi Commodity Exchange of India, registering steep declines. The downturn was driven by heightened geopolitical tensions in the Middle East and inflationary pressures stemming from rising crude oil prices, which in turn reinforced expectations that global interest rates could remain elevated.

Silver futures on the MCX for May 2026 delivery dropped by Rs 26,262, or 11.5%, settling at Rs 2,00,510 per kilogram. Gold futures slated for April 2026 delivery also witnessed a sharp fall, slipping Rs 12,984, or 9%, to Rs 1,31,508 per 10 grams.

Globally, gold prices saw a significant decline on Monday, falling by over 5% to hit their lowest level so far in 2026. The metal also posted its sharpest weekly loss in more than four decades, tumbling over 10% last week and ending Friday below the $4,500 per troy ounce mark in the spot market.

13:17 (IST) Mar 23

Gold Rate Today Live Updates: Bitcoin slips below $70,000

Bitcoin fell below the $70,000 level on Monday, dropping to around $68,000 as escalating tensions between the United States and Iran unsettled global financial markets and triggered rapid liquidations of nearly $243 million, largely from long positions. The cryptocurrency was last trading at about $68,627.

Over the past 24 hours, both Bitcoin and Ethereum recorded declines of 0.9 per cent and 2 per cent, respectively. Among major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano also slipped by as much as 2 per cent, while Tron bucked the trend with a marginal gain of 0.3 per cent.

12:44 (IST) Mar 23

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12:21 (IST) Mar 23

Gold Rate Today Live Updates: Gold rate in Delhi

The price of 24 karat gold is Rs 14,017 per gram

The price of 22 karat gold is Rs 12,850 per gram

The price of 18 karat gold is Rs 10,517 per gram

12:11 (IST) Mar 23

Gold Rate Today Live Updates: Where are gold prices headed?

On the downside, key support lies around Rs 136,000, and a decisive break below this could extend the fall towards Rs 130,000 -128,000 levels. Volume expansion during the decline indicates strong selling pressure. Unless prices reclaim Rs 145,000 quickly, the bias remains sell-on-rise for the week.

11:26 (IST) Mar 23

Gold Rate Today Live Updates: Gold ETFs tank

Gold-focused exchange-traded funds declined by as much as 9 per cent on Monday. Nearly 24 gold ETFs registered losses in the range of 6 to 9 per cent, while The Wealth Company Gold ETF recorded the smallest drop in the segment, slipping about 2 per cent.

In the commodities segment, MCX silver futures for May 2026 delivery fell by Rs 13,606, or 6 per cent, to Rs 2,13,166 per kilogram. Gold futures for April 2026 delivery also declined, dropping Rs 7,115, or 5 per cent, to Rs 1,37,377 per 10 grams.

11:09 (IST) Mar 23

Gold Rate Today Live Updates: Why are gold prices falling?

Gold prices fell sharply as rising inflation concerns and expectations of higher interest rates continued to weigh on bullion, even as the US-Israel conflict with Iran showed no signs of easing. Over the weekend, tensions escalated after President Trump issued a 48-hour deadline for Iran to reopen the Strait of Hormuz, warning of severe retaliation targeting critical energy infrastructure, while Tehran responded with threats to attack key regional assets and potentially shut the strait entirely. The conflict has now entered its fourth consecutive week, with continued hostilities raising fears of prolonged disruptions in global energy supply.

These developments have significantly increased concerns over energy-driven inflation, which has been a major factor dragging gold lower in recent weeks. Markets now expect that sustained high oil prices could force central banks to adopt a more hawkish stance, limiting the appeal of non-yielding assets like gold.

The shift in rate expectations has been notable, with markets moving from pricing in multiple rate cuts earlier to now factoring in a pause and even a small probability of a rate hike in upcoming Federal Reserve meetings.

This follows the Fed’s recent decision to hold rates steady while highlighting inflation risks, alongside similar hawkish signals from the ECB and BOE, whille the RBA has already hiked rates. Overall, the transition from rate cuts to potential hikes amid persistent inflation fears has significantly pressured gold prices despite ongoing geopolitical uncertainty, says Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.

10:31 (IST) Mar 23

Gold Rate Today Live Updates: Gold, Silver ETFs crash

Gold and silver ETFs crashed up to 20 per cent on Monday, as escalating tensions in the Middle East and inflation worries triggered by rising crude oil prices reinforced expectations of higher global interest rates.

Among the 18 silver ETFs, Kotak Silver ETF recorded the steepest fall, dropping करीब 20 per cent to an intraday low of Rs 17.77 from its previous close of Rs 22.31. Axis Silver ETF and Bandhan Silver ETF each declined by around 11 per cent. Edelweiss Silver ETF also saw a significant drop of 10 per cent, touching a low of Rs 209.43 during the session. The remaining ETFs in the segment registered declines of about 9 per cent each.

09:49 (IST) Mar 23

Gold Rate Today Live Updates: Gold sees worst weekly crash in over 40 years

In global markets, gold extended its losses, falling more than 2 per cent on Monday and nearing a four-month low. Spot gold declined 2.5 per cent to $4,372.86 per ounce as of 0238 GMT, marking its ninth consecutive session of decline and hitting its lowest level since January 2. The metal had already dropped over 10 per cent in the previous week. Spot silver also followed the downward trend, easing 3.2 per cent to $65.61 per ounce.

Last week, gold registered its sharpest weekly fall in 43 years, declining by more than 10 per cent and settling below $4,500 per troy ounce in the spot market on Friday.

09:47 (IST) Mar 23

Gold Rate Today Live Updates: Gold, silver prices crash

Gold and silver prices witnessed a steep decline at the opening of trade on the Multi Commodity Exchange (MCX) on Monday, as escalating tensions in the Middle East and inflationary pressures linked to higher crude oil prices reinforced expectations of elevated global interest rates.

Silver futures on the MCX, expiring in May 2026, dropped by Rs 13,606, or 6 per cent, to Rs 2,13,166 per kilogram. Gold futures for April 2026 delivery also saw a sharp fall, slipping Rs 7,115, or 5 per cent, to Rs 1,37,377 per 10 grams.

09:00 (IST) Mar 23

Silver Rate Today Live Updates: Silver drops 3.2%

Among other precious metals, spot silver declined 3.2% to $65.61 per ounce. Platinum fell 2.9% to $1,866.65, while palladium edged down 0.5% to $1,397.25.

Expectations of a US Federal Reserve rate hike have strengthened significantly, with interest rate futures now indicating a higher likelihood of a hike than a cut this year. According to the CME FedWatch tool, markets are pricing in roughly a 27% probability of a rate increase by December.

09:00 (IST) Mar 23

Gold Rate Today Live Updates: Why are gold prices down

Asian stock markets moved lower while crude oil prices remained above $110 per barrel, as investors assessed the escalating rhetoric between the US and Iran over potential attacks on energy assets.

The disruption around the Strait of Hormuz has kept oil prices elevated, fuelling inflation through increased transportation and production costs. Although inflation typically supports gold as a hedge, elevated interest rates tend to dampen demand for the non-yielding metal.

08:59 (IST) Mar 23

Gold Rate Today Live Updates: Gold’s attractiveness fades

Tim Waterer, chief market analyst at KCM Trade told Reuters that with the Iran conflict entering its fourth week and oil prices hovering around the $100 mark, market expectations have shifted away from interest rate cuts towards the possibility of hikes, reducing gold’s attractiveness from a yield perspective.

Waterer noted that gold’s high liquidity has worked against it during the current risk-off environment, as sharp declines in Asian equity markets have triggered further unwinding of long positions in the metal.

08:58 (IST) Mar 23

Gold Rate Today Live Updates: International gold prices dip 2%

Gold prices declined by over 2% on Monday, deepening their fall to nearly a four-month low, as intensifying tensions in the Middle East heightened concerns over inflation and reinforced expectations of tighter global interest rates.

Spot gold dropped 2.5% to $4,372.86 per ounce as of 0238 GMT, marking its ninth straight session of losses. Earlier in the day, the metal touched its lowest level since January 2 and had already shed more than 10% over the previous week.

In the futures market, US gold contracts for April delivery slid 4.4% to $4,375.60.

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08:57 (IST) Mar 23

Gold Rate Today Live Updates: Stability in prices seen this week

Pranav Mer, Vice President, EBG – Commodity & Currency Research at JM Financial Services Ltd, said gold could stabilise and see a modest rebound in the near term before making a decisive move in either direction.

Mer noted that the downward trend in gold persisted through last week, with prices slipping below Rs 1.45 lakh per 10 grams, marking an overall drop of around 9–9.5 per cent.