Gold Prices Stabilize at $4,418 After Decline; Domestic Rates Fall Sharply
International spot gold traded at about $4,418.36 per ounce on 24 March 2026. Prices showed a slight recovery from recent four-month lows after a sharp weekly decline.
Gold prices stabilized near $4,418 after the recent decline, and domestic rates fell sharply across Indian markets. Investors cited easing tensions in West Asia and lower Treasury yields.
Market snapshot — international
Futures opened at $4,414.80 and reached a high of $4,450.50. The low for the session was $4,363.50, with the previous close at $4,407.30.
| Metric | Value |
|---|---|
| Spot gold (per ounce) | $4,418.36 |
| Daily change | +0.38% (intraday) |
| Volume | 7,508 |
| Open interest | 149,406 |
Intraday levels
Price checks across the previous 24 hours showed short swings. At 23 March, 14:00 the rate was $4,400 per ounce.
- 23 Mar, 19:00 — $4,380
- 24 Mar, 00:00 — $4,410
- 24 Mar, 05:00 — $4,424
Domestic rates — India
On 24 March, 24K gold traded near ₹1,35,640 per 10 grams. That equates to ₹13,564 per gram.
| Type | Per gram | Per 10 grams |
|---|---|---|
| 24K (99.9%) | ₹13,564 | ₹1,35,640 |
| 22K (91.6%) | ₹12,434 | ₹1,24,340 |
| 18K | ₹10,173 | ₹1,01,730 |
City rates showed small variations. Chennai listed the highest 24K per 10g at ₹1,39,190. Mumbai and most metros quoted ₹1,35,640 per 10g for 24K.
March price movement and trends
Gold has retreated sharply through March. Prices are down about 21.6% from the March 1 peak.
On 1 March, 24K traded at ₹17,309 per gram. By 24 March, it had fallen to ₹13,564 per gram.
Recent 10-day snapshot
- 24 Mar — 24K ₹13,564; 22K ₹12,434
- 23 Mar — 24K ₹13,565; 22K ₹12,435
- 22 Mar — 24K ₹14,597; 22K ₹13,380
Outlook and factors to watch
Analysts warn the dollar could push gold lower. A major support level is near $4,300 per ounce.
Geopolitical calm in West Asia reduced safe-haven demand. Meanwhile, a retreat in Treasury yields offered limited support.
Domestic influences include rupee weakness that cushioned some international losses. Seasonal demand from weddings may also support physical buying.
Investor considerations
- GST of 3% applies to gold purchases in India.
- Making charges for jewellery range between 5% and 35%.
- Investors can also use Gold ETFs or digital gold to avoid making charges.
Filmogaz.com advises readers to treat these rates as indicative. Final purchase prices may include GST, TCS or other levies. Verify rates with local dealers before buying.
