Current Market Overview
As of March 8, 2026, the prices of gold and silver on the Multi Commodity Exchange (MCX) in India have shown notable changes. Just before this update, the market was witnessing fluctuations influenced by both domestic and international factors.
Recent Price Movements
On Friday evening, MCX gold futures reached ₹161,675 per 10 grams. This marked a significant moment for traders as the futures tested ₹1.70 lakh per 10 grams earlier in the week. The international spot gold price was reported near $5,174, reflecting global market trends.
Current Gold Prices
In India, the price of 24-carat gold stood at approximately ₹16,380 per gram. Meanwhile, 22-carat gold was priced at around ₹15,015 per gram, and 18-carat gold traded near ₹12,288 per gram. These prices are indicative of the ongoing demand and market conditions.
Silver Prices
Silver has also seen stable pricing, trading at roughly ₹285 per gram, which translates to ₹285,000 per kilogram. This price stability is crucial for investors and traders in the precious metals market.
Market Influences
The fluctuations in MCX gold and silver prices are influenced by various factors, including movements in the US dollar, global economic conditions, and geopolitical developments. These elements continue to play a significant role in shaping market expectations.
As the market evolves, stakeholders are closely monitoring these prices for investment opportunities. The current state of MCX gold and silver prices reflects a dynamic trading environment that requires careful consideration by investors.
