Home / Business and Economy / Gold Prices Steady After Historic Weekly Crash
Gold Prices Steady After Historic Weekly Crash
22 Mar
Summary
- Gold and silver prices were stable on March 22, 2026.
- This followed one of the weakest weeks for precious metals.
- Local prices vary due to taxes, transport, and demand.
As of Sunday, March 22, 2026, gold and silver prices in India experienced a period of stability. The price for 10 grams of 24K gold was recorded at INR 1,45,970, while 22K gold was priced at INR 1,33,800. Simultaneously, the cost of one kilogram of silver remained steady at INR 2,45,000.
This market calm followed a week marked by substantial volatility, which experts have described as one of the weakest for precious metals in recent decades. This downturn was influenced by evolving global economic indicators and geopolitical events in West Asia. It is important to note that the stated prices do not include the 3% Goods and Services Tax (GST) or potential jewellery making charges, which can range from 5% to 25%.
Regional price variations are common across India. Factors such as differing state taxes, transportation costs, and local demand influence these fluctuations. Currently, Chennai exhibits a slightly higher premium compared to other major metropolitan areas. Silver prices, which saw a more pronounced percentage drop earlier in the month, are trading at INR 245 per gram. In some southern cities, like Chennai and Hyderabad, silver prices are approximately INR 2,50,000 per kg, indicating robust regional retail demand.
