Gold Rate Today (March 20, 2026): Prices Extend Losses
Gold prices continued their downward trend on Friday, March 20, 2026, marking the third consecutive week of losses. The decline is mainly driven by a stronger US dollar, high interest rates, and persistent inflation concerns.
As of early morning trading, gold slipped 0.3% to USD 4,639.54, touching an intraday low of USD 4,636.27, the lowest level seen in over six weeks.
On a broader scale:
- Gold has fallen nearly 9% this week
- It is down 7.2% so far in March
Why Are Gold Prices Falling Today?
Several macroeconomic factors are putting pressure on gold prices:
- Strengthening US dollar
- High global interest rates
- Profit booking by investors
- Inflation uncertainty
Market analyst Amit Jain stated that gold and silver are currently under pressure, and in the near term, prices may either move sideways or decline further.
Strong Dollar Weighs on Gold
The dollar index rose to 99.29, making gold more expensive for international buyers.
Impact of a strong dollar:
- Reduced global demand for gold
- Increased pressure on prices
- Lower attractiveness for foreign investors
Interest Rates Remain a Key Factor
The US Federal Reserve has maintained a cautious stance due to inflation concerns linked to geopolitical tensions.
Higher interest rates lead to:
- Better returns on bonds and fixed-income assets
- Reduced appeal of gold (a non-yielding asset)
Geopolitical Tensions & Inflation
Ongoing tensions in the Middle East have pushed crude oil prices close to USD 100 per barrel, contributing to global inflation pressures.
This combination of inflation and uncertainty continues to influence investor sentiment in the gold market.
Long-Term Outlook for Gold
Despite the current correction, analysts remain optimistic about gold’s long-term trend:
- A V-shaped recovery is expected over time
- Gold still holds strong as a hedge against inflation
- Short-term downside risks remain
According to commodity strategist Daniel Ghali, gold still has room to decline while maintaining its long-term bullish structure.
City-wise Gold Rate Today (Per 10 Grams)
Gold prices across India remain largely uniform, with only minor differences due to local taxes and logistics.
| City | 24K Gold (10g) | 22K Gold (10g) | 18K Gold (10g) |
|---|---|---|---|
| Chennai | ₹1,58,280 | ₹1,45,100 | ₹1,18,710 |
| Mumbai | ₹1,57,890 | ₹1,44,740 | ₹1,18,410 |
| Delhi | ₹1,58,370 | ₹1,45,190 | ₹1,18,770 |
| Kolkata | ₹1,57,870 | ₹1,44,720 | ₹1,18,400 |
| Ahmedabad | ₹1,57,880 | ₹1,44,730 | ₹1,18,410 |
| Patna | ₹1,58,200 | ₹1,45,020 | ₹1,18,650 |
| Ghaziabad | ₹1,58,380 | ₹1,45,200 | ₹1,18,780 |
| Noida | ₹1,58,380 | ₹1,45,200 | ₹1,18,780 |
| Gurugram | ₹1,58,370 | ₹1,45,190 | ₹1,18,770 |
Gold prices are currently under pressure due to global macroeconomic factors like a strong dollar, high interest rates, and inflation concerns. While the short-term outlook remains weak, the long-term trend for gold is still considered positive by experts.
Investors are advised to stay cautious and monitor global economic signals before making any investment decisions.
⚠️ Disclaimer
This article is for informational purposes only and should not be considered financial or investment advice. Readers are advised to consult their financial advisors before making any investment decisions.
Image Credit Generate Open AI
