Gold, Silver Prices Fall on March 19; Silver Drops Rs 13,000 Per Kg
New Delhi, 19th March 2026: Gold and silver prices witnessed a sharp decline on Wednesday, March 19, according to data released by the India Bullion and Jewellers Association (IBJA).
The price of silver dropped by Rs 13,000 per kilogram to Rs 2.37 lakh, down from Rs 2.50 lakh per kg recorded on Tuesday. Gold also saw a significant correction, with the price of 24-carat gold falling by Rs 4,000 to Rs 1.52 lakh per 10 grams, compared to Rs 1.56 lakh per 10 grams on March 18.
Market data indicates that in the last five trading sessions, gold has become cheaper by around Rs 9,000, while silver has declined by nearly Rs 31,000 amid global market uncertainty linked to tensions in the Middle East, including the ongoing standoff involving Iran and the United States.
Gold’s Journey: From Rs 1.76 Lakh to Rs 1.52 Lakh
Gold prices had surged earlier this year before witnessing a correction in recent weeks due to profit booking and global economic factors.
On December 31, 2025, gold was priced at around Rs 1.33 lakh per 10 grams. Within a month, the yellow metal touched an all-time high of Rs 1.76 lakh per 10 grams on January 29, 2026.
However, since that peak, gold prices have fallen by about Rs 25,000 per 10 grams, reflecting a cooling trend in the bullion market.
Sharp Crash in Silver Prices
Silver prices have shown even greater volatility compared to gold. On December 31, 2025, silver was priced at Rs 2.30 lakh per kilogram. The metal surged to a record high of Rs 3.86 lakh per kg on January 29, 2026.
Since then, silver has witnessed a steep decline, falling by Rs 1.49 lakh in the last 49 days to reach the current level of Rs 2.37 lakh per kg.
Why Prices Are Falling
Analysts say the recent decline in precious metal prices is being driven by multiple factors.
One major factor is investors shifting from metals to cash. Despite geopolitical tensions in the Middle East, many investors are selling their gold and silver holdings to maintain liquidity during uncertain times.
Another key factor is profit booking. Since prices had touched record highs in January, large investors have been offloading their holdings at higher levels, increasing market supply and pushing prices lower.
Interest rate expectations in the United States have also weighed on bullion prices. A stricter stance on interest rates by the US Federal Reserve has reduced the appeal of non-interest-bearing assets like gold and silver.
Commodity market expert Ajay Kedia said the correction in prices may continue in the coming weeks. According to him, gold could fall to around Rs 1.50 lakh per 10 grams, while silver may approach Rs 2.50 lakh per kilogram.
He advised investors to remain cautious and avoid fresh investments in gold and silver for the time being.
