As of March 6, 2026, gold prices in India have experienced a notable correction following record-breaking highs earlier in the month. In major cities like Mumbai and Delhi, the rate for 24K gold is approximately ₹16,288 per gram, reflecting a decrease of about ₹163 from the previous session. Similarly, 22K gold, widely used for jewellery, is priced at roughly ₹14,930 per gram.
The Sunday Guardian
The Sunday Guardian
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Current Market Dynamics
The recent dip is primarily attributed to a strengthening US Dollar and profit-booking by investors after prices surged past ₹1.73 lakh per 10 grams on March 1. Despite this short-term retreat, the broader outlook remains bullish. Geopolitical tensions, particularly the ongoing Middle East conflict, continue to drive safe-haven demand.
The Sunday Guardian
The Sunday Guardian
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Investment Outlook
Analysts from J.P. Morgan and Goldman Sachs suggest that gold could reach between ₹1.5 lakh and ₹1.75 lakh per 10 grams later in 2026 due to persistent inflation and central bank purchases. For long-term investors, these price corrections may offer a strategic entry point before the next potential rally.
J.P. Morgan
J.P. Morgan
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