Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold rates and silver rates in India recovered massive losses on March 24, 2026, despite crude oil prices continuing its upside on Tuesday. MCX gold price closed higher by Rs 1,340 or 0.96% to Rs 1,40,600 per 10 grams, which was near its intraday high of Rs 140,800 per 10 grams. Meanwhile, MCX silver price climbed by Rs 1,883 or 0.84% to close at Rs 2,27,050 per 1Kg which was near its day's high of Rs 2,27,470 per 1Kg.

Meanwhile, physical gold prices also recovered their losses. After falling as much as Rs 29,400 in 100 grams, the 24 carat gold price recovered losses and stood at Rs 14,29,100 per 100 grams. Now, this gold is down by Rs 3,800. 10 grams gold price also recovered to Rs 1,42,910, staying close to Rs 1.43 lakh mark.

Meanwhile, spot gold regained above $4,400 per ounce but swung between gains and declines. Spot silver rose above $70 per ounce, recording a strong recovery.

Brent crude and US WTI futures are up by 4-5% to trade around $105 per barrel and $92 per barrel.

Precious metals remain under pressure after Tehran dismissed President Donald Trump's announcement as an attempt to influence financial markets and launched new attacks on US targets, while Israel continued strikes against Iran. On Monday, gold had staged a sharp intraday rebound after Trump postponed planned US strikes on Iranian energy infrastructure and claimed negotiations were underway. The outcome of any talks and the potential reopening of the Strait of Hormuz remain highly uncertain, keeping inflation risks elevated. Gold had dropped as much as 25% from its March peak as rising energy prices fueled inflation concerns and bolstered expectations of interest rate hikes.

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