Gold Prices in India Rise to ₹148,680 per 10 Grams Amid Global Market Volatility

On 20 March 2026, the price of 24K gold at ₹148,680 per 10 grams, reflecting a gain of ₹3,150 compared to its previous close. Meanwhile, 22K gold is at ₹136,290 per 10 grams. Gold prices in India are largely influenced by international spot gold rates, US dollar fluctuations, and import duties on Gold among other things. Gold prices in India continue to remain higher than in Dubai. On 20 March 2026 the price of 24K gold in India is at ₹148,680 per 10 grams, while in Dubai it is ₹147,194, reflecting a difference of ₹1,486 or 1.01%. Similarly, 22K and 18K gold prices in India were also about 1.01% costlier compared to the price of gold in Dubai , not accounting for fees, duties, and taxes. Gold prices sought relief from their losing streak as the yellow metal extended gains on profit-booking. According to media reports, US President Donald Trump has also pressed for de-escalation of the prolonged Middle East conflict, which helped boost sentiment for the yellow metal. However, dampened expectations of rate cuts keep the asset under pressure as the US Federal Reserve held rates steady at its March meeting. Globally, major developed central banks have also echoed a hawkish stance, adding to the downside for the yellow metal. ALSO READ Gold plunges to 1-month low: Why gold, silver ETFs plunge as much as 7% today Additionally, the dollar index continues to trade near its monthly record high levels, further adding to the decline in gold, as a strong dollar makes precious metals like gold more expensive for holders of other currencies. Analysts and commodity experts have said that the near-term undertone for gold remains bearish due to a firm dollar and reduced expectations of rate cuts this year. Also, inflationary concerns over high oil and energy prices weigh on investor sentiment for this non-interest-yielding asset. The hawkish stance by central banks globally has reduced the appeal of the yellow metal. “Markets have now pushed back expectations for Fed rate cuts to 2027 and are pricing in two rate hikes each from the ECB and BOE this year, further weighing on gold’s appeal. MCX Gold April futures are likely to bounce to Rs 146,500/10g amid a rebound in the world markets,” said Jigar Trivedi, Senior Research Analyst at IndusInd Securities. Retail investors are advised to track not just domestic rates but also international trends before making buying decisions. ALSO READ Gold, Silver rate today LIVE: Precious Metals rebound: MCX Gold and Silver Futures up 2% as Trump calls for de-escalatio