North India Statesman
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The beginning of the new week has brought great news for people planning to buy gold and silver. On the morning of March 9, a huge fall in the prices of gold and silver was recorded in the Indian bullion market. On one hand, due to the terrible war between America, Israel and Iran, the prices of precious metals are at record levels in the international market, on the other hand, the opposite trend is being seen in the Indian domestic market and customers have got a big relief.
More than Rs 5 thousand gold lost in a week
If we look at the market data of the last one week, the price of 24 carat pure gold has fallen significantly by Rs 5060. At the same time, 22 carat gold used in making jewelery has also become cheaper by Rs 4650. On Monday morning, the price of 24 carat gold in the capital Delhi has fallen to Rs 1,63,790 per 10 grams. In contrast, spot gold in the global market is still trading strongly at a high level of $ 5,095.81 an ounce.
The shine of silver also faded, 10 thousand rupees were lost
Along with gold, silver has also surprised investors and buyers. On March 9, the price of white metal has fallen to Rs 2,84,900 per kg. Let us remind you that in January this year, silver had crossed the historical figure of Rs 4 lakh. But now within just a week it has registered a huge fall of Rs 10,000. The spot price of silver in the international market currently remains at $ 83.40 an ounce.
Great war in the Middle East, yet why are prices falling in India?
The whole world is horrified by the war that started with the air strike against Iran by Israel and America on 28 February 2026. Iran has also retaliated and attacked many Gulf countries including Israel with missiles and drones. Gold is generally considered the safest investment in times of war and tension, due to which its prices are continuously rising globally. However, due to weak local demand in India, duty structure and other domestic economic equations, customers are currently getting a great opportunity to buy gold and silver at cheaper rates.
Latest rate of 10 gram gold today in major cities of the country
| City | Today’s price of 22 carat gold (₹) | Today’s price of 24 carat gold (₹) |
|---|---|---|
| Delhi | 1,50,140 | 1,63,790 |
| Mumbai | 1,49,990 | 1,63,630 |
| Kolkata | 1,49,990 | 1,63,630 |
| Chennai | 1,49,990 | 1,63,630 |
| Ahmedabad | 1,50,040 | 1,63,690 |
| Pune | 1,49,990 | 1,63,630 |
| Bengaluru | 1,49,990 | 1,63,630 |
| Hyderabad | 1,49,990 | 1,63,630 |
| Jaipur | 1,50,140 | 1,63,790 |
| Lucknow | 1,50,140 | 1,63,790 |
| Chandigarh | 1,50,140 | 1,63,790 |
| Bhopal | 1,50,040 | 1,63,690 |
