New Delhi Chronicle Business Desk | March 9, 2026
The bullion market in the national capital witnessed a sharp correction today as gold and silver prices slipped significantly. Following a volatile start to the week, 24-karat gold prices in Delhi recorded a drop of nearly ₹20,000 for bulk quantities, providing a breather to buyers after recent record highs.
Gold Rates Today in Delhi: 24K, 22K, and 18K
Gold prices started the week on a bearish note, influenced by global headwinds and a strengthening US dollar.
• 24-Karat Gold: The price for 10 grams of 24K gold fell by ₹1,970, bringing the current rate to ₹1,61,830. For bulk buyers, 100 grams of 24K gold is now priced at ₹16,18,300, down by a staggering ₹19,700 from the previous session.
• 22-Karat Gold: Commonly used for jewelry, 22K gold prices dropped by ₹1,800 per 10 grams, settling at ₹1,48,350.
• 18-Karat Gold: The 18K segment saw a decline of ₹1,470 per 10 grams, with the current rate standing at ₹1,21,410.
Silver Prices Slide in the National Capital
Mirroring the trend in gold, silver also faced selling pressure in Delhi. The industrial metal fell by ₹5,000 per kilogram, bringing the latest price to ₹2,80,000. On a per-gram basis, silver is currently trading at ₹280, down from yesterday’s ₹285.
Why are Gold Prices Falling?
Market experts attribute this sudden dip to a combination of international factors. Despite ongoing geopolitical tensions in the Middle East—which usually support gold prices—a stronger US Dollar and rising US Treasury yields have dampened investor sentiment.
Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Ltd and President of IBJA, noted that the domestic plunge is largely due to profit-booking by investors following recent peaks. Additionally, expectations that the US Federal Reserve may delay interest rate cuts have shifted momentum away from precious metals.
What it means for Delhi Buyers
For Delhiites looking to invest or purchase jewelry for the upcoming wedding season, this correction offers a more favorable entry point. However, analysts suggest that the market remains sensitive to global economic data and Fed commentary.
New Delhi Chronicle Tip: Always check the hallmark and verify live spot rates at your local jeweler before making a purchase.
