Gold Prices Rebound Today After Yesterday's Rs 7,000 Drop; Still Rs 27,000 Below Peak
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Gold Rebounds After Rs 7,000 Plunge: What's Driving the Volatility?
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News18•20-03-2026, 10:18
Gold Rebounds After Rs 7,000 Plunge: What's Driving the Volatility?
•After a rare Rs 7,000 single-day fall on March 19, gold prices increased today, with 24-carat gold rising by Rs 650 per 10 grams.
•Current 24-carat gold price is Rs 1,50,930, significantly down by Rs 27,920 from its all-time high of Rs 1,78,850 on January 29.
•Silver prices also saw a substantial drop, with a kilogram now at Rs 2,65,000, down by approximately Rs 1,60,000 from its January 29 peak of Rs 4,25,000.
•Reasons for the sharp fall include the intensifying Middle East conflict, rising crude oil prices, and inflation risks.
•Gold prices in India are influenced by international rates, import duties, taxes, and currency fluctuations, making constant monitoring crucial for investors.
