New Delhi: Gold and silver prices rose in India on March 17, with both metals registering modest gains amid continued market volatility.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold increased by Rs300 to Rs1.56 lakh per 10 grams, while silver rose by Rs5,000 to Rs2.54 lakh per kilogram.
Despite the daily increase, both metals remain below their recent peaks. Analysts noted that gold had touched a high of around Rs1.76 lakh and silver Rs3.86 lakh earlier this year, before entering a correction phase that encouraged fresh buying.
Prices have still risen significantly over the year. Gold has gained about Rs23,000 per 10 grams since the end of 2025, when it was priced at Rs1.33 lakh. Silver has also increased by roughly Rs24,000 per kilogram over the same period.
Market experts said the next movement in precious metals would depend largely on global developments, particularly geopolitical tensions and economic indicators from the United States.
They pointed to the ongoing US–Iran tensions as a key factor, noting that any escalation could push prices higher, especially if it leads to a rise in crude oil prices.
At the same time, stronger-than-expected US economic data could bolster the dollar, which typically puts downward pressure on gold prices.
Analysts said that while short-term momentum has weakened after recent highs, the long-term outlook for gold remains positive. They advised investors to consider gradual investment strategies rather than making large, one-time purchases during periods of volatility.
