Gold Rate Today in India Remain Under Pressure; 24K Gold Declines by Rs 1.2 Lakh in Just 5 Days; Check Outlook

At current, gold rate in India are witnessing a rapid cooling phase, with rates slipping for five straight days from March 2 to March 6, 2026. After touching higher levels earlier, the bullion market has suddenly shifted gears, as both 24 Karat and 22 Karat gold recorded consistent day-on-day declines, indicating a clear wave of selling pressure in the domestic market.

Gold Rate Crashed Around Rs 1.2 Lakh In Just Five Days

The numbers reveal the scale of the pullback. In just five sessions, 24 Karat gold has dropped by around Rs 1,19,600 per 100 grams, signalling a sharp correction after the recent rally. Meanwhile gold climbed to around $5,160 per ounce on Thursday, extending gains from the previous session as investors kept a close watch on the escalating conflict in the Middle East.

Gold Price Today: Check Latest 22K, 24K & 18K Gold Rates on 7 March 2026

24 Karat Gold Rate Today in India

At the time of writing, 24 Karat gold continued its downward trend in the domestic market. In the latest trading session, the price per gram slipped by Rs 175, falling to Rs 16,113 from yesterday's Rs 16,288.

For 8 grams of 24K, the rate stood at Rs 1,28,904, down Rs 1,400 from the previous day. The 10-gram rate declined by Rs 1,750 to Rs 1,61,130, while on a bulk basis, 100 grams of 24K gold dropped sharply by Rs 17,500, reaching Rs 16,11,300 from Rs 16,28,800 recorded yesterday.

22 Karat Gold Rate Today in India

Meanwhile, 22 Karat gold also recorded losses during the session. Currently, the per gram price fell by Rs 160 to Rs 14,770 from Rs 14,930 on the previous day. An 8 gram quantity cost Rs 1,18,160, down Rs 1,280, while 10 grams were priced at Rs 1,47,700, reflecting a Rs 1,600 decline. On a larger scale, 100 grams of 22K gold traded at Rs 14,77,000, decreasing by Rs 16,000 compared with Rs 14,93,000 yesterday.

18 Karat Gold Rate Today in India

In the 18 Karat segment, gold prices also eased lower in the latest trading session. The per gram rate dropped by Rs 131 to Rs 12,085 from Rs 12,216 recorded yesterday. For 8 grams, the price fell to Rs 96,680, down Rs 1,048, while 10 grams were quoted at Rs 1,20,850, a decline of Rs 1,310.

On a bulk basis, 100 grams of 18K gold saw a significant fall of Rs 13,100, settling at Rs 12,08,500 from Rs 12,21,600 in the previous session.

Gold Price Outlook

"A stronger USD and expectations that the FED may keep interest rates higher for longer have also reduced the appeal of non-yielding assets like silver and gold. Exchanges have raised margin requirements for metals futures during periods of extreme volatility created by the ongoing geopolitical issues, forcing leveraged traders to unwind positions," said Ross Maxwell, Global Strategy Operations Lead, VT Markets.

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