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Gold Prices Inch Up March 31, 2026
1 Apr
Summary
- Gold prices saw a minor increase on March 31, 2026.
- Major jewelers like Tanishq and Kalyan Jewellers reflect this rise.
- Short-term gold and silver rates expected to remain volatile.
On March 31, 2026, gold prices saw a slight increase, with 22K gold rates rising across prominent jewelry brands. Major retailers such as Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas reported marginally higher prices in cities including Mumbai, Chennai, and Bengaluru.
These fluctuations occur amidst ongoing global uncertainties that influence market sentiment. Prithviraj Kothari of RiddiSiddhi Bullions Ltd. forecasts that gold and silver rates will likely remain volatile but broadly range-bound in the short term. He noted a tug-of-war between safe-haven demand and macro headwinds, suggesting gold might consolidate with a mild negative bias unless weaker U.S. data spurs rate cut expectations.
Specific rates reported on March 31, 2026, for 22K gold jewelry included Tanishq at Rs 13,725 per gram and Kalyan Jewellers at Rs 13,685 per gram in Mumbai, Chennai, and Bengaluru. Malabar Gold & Diamonds and Joyalukkas reported Rs 13,630 per gram as of March 30 and March 31, respectively. The India Bullion and Jewellers Association Ltd (IBJA) reported its indicative rates for March 30, 2026, with Fine Gold (999) at Rs 14,673 and 22 KT gold at Rs 14,321, excluding GST and making charges.
