Gold & Silver Rates Today: Prices Dip on March 31 as Investors Book Profits

Gold prices in India witnessed a slight cooling period on Tuesday, March 31, 2026, falling by 0.41% in the domestic futures market. Despite the ongoing Middle East conflict sustaining safe-haven demand, the yellow metal is currently trading below its early-March highs of ₹157,480 as investors engage in profit-booking at the end of the fiscal year.

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In contrast, silver managed to hold its ground, gaining marginally to trade near the ₹2.29 lakh per kg mark.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

Retail Rates in Major Cities (March 31, 2026)

The following rates represent the base prices. Retail customers should account for additional making charges, GST (3%), and local taxes at the jewelry store.

Performance Overview: The 2025-2026 Bull Run

The last twelve months have seen unprecedented appreciation in precious metals, fueled by geopolitical instability and currency fluctuations.

• Gold Appreciation: After a historic bull run in 2025 (rising over 75%), gold climbed from ₹135,257 in January 2026 to a peak of ₹157,480 in early March—a 16% jump in just two months.

• Silver Surge: Silver has outperformed gold in percentage terms, skyrocketing from approximately ₹78,600/kg in the 2023-24 period to crossing the ₹200,000/kg milestone in early 2026.

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Market Outlook: MCX Futures

As of 10:44 AM today:

• MCX Gold (2 April Contracts): Trading at ₹145,051 per 10 grams.

• MCX Silver (5 May Contracts): Up 0.03% at ₹229,033 per kg.

Investigative Insight: The “End-of-Fiscal” Selloff

While safe-haven demand remains high due to the regional war, the current dip is largely attributed to Year-End Rebalancing. Financial institutions and individual investors in India often liquidate a portion of their bullion holdings on March 30-31 to settle accounts, realize gains for the financial year, or meet tax liabilities. This “technical” selling pressure is masking the underlying bullish sentiment. Furthermore, the Chennai market continues to command the highest premiums in India, likely due to a localized surge in wedding-season demand and higher logistical costs amid the “Hormuz Chokehold” affecting supply chains.

Also Read |Tamil Nadu Voter List Purge: 97 Lakh Names Deleted in SIR Phase 1

End…..

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