Last mentioned: Mar 19, 2026
Pre-Market Lows
Prices edge lower to $4,823, tracking persistent selling ahead of the Asian market open.
Midnight Breakdown
Gold drops to the $4,830 level, breaking through minor intraday support.
Evening Slide
Prices slip to $4,870 as the US Dollar Index strengthens during Western trading hours.
Initial Resistance
Gold prices hover near $4,890 per ounce as selling pressure begins to build.
Gold and silver prices are facing significant downward pressure as a surging US Dollar Index weighs on international bullion markets. In India, domestic rates for 24K gold have slipped to approximately ₹1.57 lakh per 10 grams, reflecting a broader global retreat toward key technical support levels.
Gold and silver prices hit monthly lows on March 16, 2026, as a surging US Dollar and aggressive profit-taking weighed on precious metals. While gold maintains a floor above $5,000 per ounce due to Middle East tensions, silver has faced a sharper 4.21% correction following its record highs earlier this year.
A massive sell-off in Indian equities saw the Sensex and Nifty 50 drop nearly 3% following a dramatic spike in Brent crude prices above $115 per barrel. The market capitalization of BSE-listed firms plummeted by over ₹12.39 lakh crore in early trade as geopolitical tensions in the Middle East sparked fears of prolonged inflation and currency devaluation.
Gold prices held steady on Wednesday following a sharp 1% decline, as a robust US dollar and surging equity markets dampened safe-haven demand. Investors are now pivoting toward geopolitical developments, specifically upcoming nuclear negotiations between the US and Iran, which could further influence risk appetite.