Gold-Silver Rate Today: Double blow to investors, gold and silver also crashed along with the stock market, check the latest rates.
Gold-Silver Price 09 March 2026: On March 9, a fall in the prices of gold and silver was seen in early trade. The increasingly tense US-Israel-Iran conflict lifted oil prices and strengthened the dollar, putting pressure on precious metals.
On MCX, 10 gram gold futures of 24 carat purity opened 0.83% lower at Rs 1,60,293 in Monday’s session. At the same time, silver fell by 1% to Rs 2,65,590 per kg. Gold and silver were also under pressure in the international market. In early trade, international spot gold was trading at $5,071.20 an ounce, down 1.70% from its previous close, while silver on Comex fell by a big 4.25% to $80.89 an ounce.
Condition of gold and silver in international market
However, the spot price of gold was slightly up in early trade, at $5,098.30 an ounce, but it was still 1.17% lower than its previous close. Silver gave back some of its gains and traded at $82.74, representing a decline of 1.86%. According to experts, the volatility in the commodity market is likely to continue due to rising oil prices and the strengthening of the dollar amid the US-Israel-Iran conflict.
Not much difference was seen in gold prices in major cities of India. The price of 24 carat gold was almost the same across different cities, with minor variations due to local taxes, jeweler’s margins and logistics.
| City | 24K/gram | 22K/gram | 18K/gram |
|---|---|---|---|
| Chennai | 16,417 | 15,049 | 13,069 |
| Mumbai | 16,363 | 14,999 | 12,272 |
| Delhi | 16,379 | 15,014 | 12,287 |
| Kolkata | 16,363 | 14,999 | 12,272 |
| Bangalore | 16,363 | 14,999 | 12,272 |
| Hyderabad | 16,363 | 14,999 | 12,272 |
| Kerala | 16,363 | 14,999 | 12,272 |
| Pune | 16,363 | 14,999 | 12,272 |
| Vadodara | 16,369 | 15,004 | 12,277 |
| Ahmedabad | 16,369 | 15,004 | 12,277 |
Crude oil prices rise
Meanwhile, crude oil prices touched record levels. Brent crude jumped 17% to above $108 a barrel, the biggest one-day jump since the pandemic. WTI crude is also trading around $107. The rise in oil prices comes on fears of potential supply disruptions from the Strait of Hormuz.
Also read: Share Market Crash: Share market destroyed in the fire of war, Sensex opened 1862 points and Nifty down 582 points.
Overall, oil prices reaching record levels amid falling gold and silver prices is increasing volatility in the commodity market. Investors and jewelers need to remain alert to fluctuations at this time.
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