Silver Gold Prices Today: MCX Rates Remain Volatile As Gold Prices Shift On March 8

8th March 2026 at 12:42 PM

1 minute read

Mumbai: Gold and silver prices in India continued to witness fluctuations on March 8 as global market cues and domestic demand influenced the movement of precious metals. According to data cited by GoodReturns, gold prices across different purity levels 24K, 22K, and 18K remained under watch among investors and buyers tracking the latest market trends.

As per the latest updates reported by GoodReturns, the price of 24-karat gold in India stood at around ₹16,364 per gram. Meanwhile, 22-karat gold was priced at approximately ₹15,000 per gram, while 18-karat gold was trading near ₹12,273 per gram. These rates reflect the latest trends in the bullion market and may vary slightly depending on the city and jewellers’ margins.

Silver prices also showed notable movement in the domestic market. Data referenced by GoodReturns indicated that silver was trading at roughly ₹285 per gram, which translates to about ₹2,85,000 per kilogram in India. The metal continues to move in response to global price trends and currency fluctuations.

Market analysts note that gold and silver prices are often influenced by several international and domestic factors. These include movements in the US dollar, global economic conditions, geopolitical developments, and demand from jewellery markets and investors. Changes in currency value, particularly the rupee’s performance against the dollar, can also affect precious metal prices in India.

Additionally, futures prices on the Multi Commodity Exchange (MCX) have remained sensitive to global cues, leading to short-term volatility in both gold and silver markets. Investors typically monitor these developments closely to determine entry points for buying or investment.

Overall, the precious metals market continues to remain dynamic, with daily price updates playing a key role for traders, investors, and consumers planning jewellery purchases or investment in bullion.

Also Read: Gold Price Today (March 7, 2026): Check 22K & 24K Rates In Your City