Gold and silver Prices Drop Sharply by ₹24,000 in 24 Days Amid Global Market Shifts

Gold and silver prices have witnessed a steep decline due to global economic factors, with gold falling significantly over the past 24 days and silver also seeing a major drop

Pune | 24March, 2026: Gold and silver prices have recorded a sharp decline in recent weeks, driven by global economic developments and shifting investor sentiment. According to market data, gold prices have dropped by nearly ₹24,000 over the past 24 days, marking a significant correction after earlier highs.

On Monday, gold prices fell by around ₹10,000 to ₹12,000 per 10 grams, while silver witnessed a steep fall of nearly ₹32,000 per kilogram during early trading hours. The drop was attributed to a stronger US dollar, stable interest rates maintained by the US Federal Reserve, and profit booking by investors after a sustained rally in precious metals.

At one point during the day, gold prices touched approximately ₹1.35 lakh per 10 grams (excluding GST), while silver declined to around ₹2.01 lakh per kilogram. However, the fall proved temporary, with prices recovering partially by evening. Gold rebounded to nearly ₹1.39 lakh per 10 grams, and silver climbed back to around ₹2.19 lakh per kilogram. Despite the recovery, both metals ended lower compared to previous levels.

Experts noted that geopolitical tensions in the Middle East have led investors to prioritize liquidity, prompting selling in gold and silver markets. Additionally, high price levels earlier this year encouraged large-scale profit booking, increasing supply and pushing prices downward.Analysts also highlighted that this marks one of the sharpest weekly declines in gold prices in decades, reflecting the volatility in global markets.

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