Gold and Silver Prices on March 18: Check Latest Rates in Major Cities

Gold and silver prices moved slightly higher in early trade on Wednesday, reflecting steady global trends and ongoing geopolitical concerns. Investors are staying cautious as they wait for key global developments, which is keeping movements in precious metals measured but positive.

Global market trends

In international markets, gold prices remained largely steady as traders awaited the upcoming policy decision from the US Federal Reserve. Spot gold was trading around $5,003.77 per ounce, while gold futures for April delivery hovered near $5,008.70.

Silver also saw mild buying interest, rising by about 0.2 per cent to $79.46 per ounce. Meanwhile, platinum prices held steady, and palladium slipped slightly, indicating mixed sentiment across the precious metals segment.

Gold and silver prices in India

In the domestic market, gold prices recorded a small increase. The price of 24-carat gold rose by Rs 10 to Rs 1,58,090 per 10 grams. Similarly, 22-carat gold also gained Rs 10, reaching Rs 1,44,910 per 10 grams.

Silver prices showed a stronger move, climbing by Rs 100 to Rs 2,75,100 per kilogram.

City-wise gold and silver rates

Here is a look at the latest prices across major Indian cities:

Delhi:
24-carat gold: Rs 1,58,240 per 10 gm
22-carat gold: Rs 1,45,060 per 10 gm
Silver: Rs 2,75,100 per kg

Mumbai:
24-carat gold: Rs 1,62,390 per 10 gm
22-carat gold: Rs 1,44,910 per 10 gm
Silver: Rs 2,75,100 per kg

Kolkata:
24-carat gold: Rs 1,58,090 per 10 gm
22-carat gold: Rs 1,44,910 per 10 gm
Silver: Rs 2,75,100 per kg

Chennai:
24-carat gold: Rs 1,59,810 per 10 gm
22-carat gold: Rs 1,46,490 per 10 gm
Silver: Rs 2,80,100 per kg

What is driving the prices

Markets are currently in a wait-and-watch phase ahead of the US Federal Reserve’s interest rate decision. While the central bank is widely expected to keep rates unchanged, investors are closely tracking its outlook on inflation and economic growth.

At the same time, geopolitical tensions in the Middle East continue to influence commodity prices. Concerns around supply disruptions, particularly near key routes like the Strait of Hormuz, have kept oil prices firm.

Higher oil prices can add to inflation pressures, which in turn reduces the likelihood of rate cuts in the near future. Since gold does not offer fixed returns like interest-bearing assets, higher interest rates can sometimes limit its upside.

Why gold is still holding strong

Despite these factors, gold has remained resilient this year. The metal has gained around 16 per cent so far in 2026, supported by global uncertainty and strong demand as a safe-haven asset.

Investors often turn to gold during uncertain times, and that trend continues to support prices even when other factors create pressure.

While daily movements may seem small, the overall trend in precious metals reflects a mix of global cues, economic signals, and investor sentiment. For buyers and investors, keeping an eye on these factors can help in making better decisions.


Disclaimer : Prices mentioned are indicative and may vary depending on city, taxes, and jeweller margins. Readers are advised to check with local dealers for exact rates before making any purchase or investment decision.