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Gold Rate Today: MCX gold price crashes below ₹1.38 lakh per 10 grams; silver price hits 6% lower circuit

Gold Rate Today: Gold prices declined more than 2%, extending their drop to a roughly four-month low. Spot silver prices plunged 3.2% to $65.61 per ounce.

Mar 23, 2026 &03372323202631; 03:37 UTC www.livemint.com Trending 3/5

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Negative for markets

Sentiment score: -72/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Gold prices on MCX crashed below ₹1.38 lakh per 10 grams, declining over 2% to four-month lows, while silver plunged 3.2% to $65.61/oz and hit the 6% lower circuit limit. This sharp selloff suggests profit-taking and potential weakness in precious metals demand amid broader market dynamics.

AI CONFIDENCE

78% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to decline

Gold prices crashed below ₹1.38 lakh per 10g, extending decline to four-month lows with >2% drop

↓

Silver Futures

SI=FCommodity

Expected to decline

Silver plunged 3.2% to $65.61/oz and hit 6% lower circuit, indicating panic selling

⇅

Euro / US Dollar

EURUSDCurrency

High volatility expected

Precious metals weakness typically correlates with USD strength; monitor for currency impact

PRICE HISTORY

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⚡ SUGGESTED ACTION

Avoid long positions in gold/silver until stabilization occurs; watch for support levels and potential reversal signals. Consider this a correction phase rather than trend reversal—monitor macroeconomic data (USD strength, inflation expectations, geopolitical risk) before re-entering bullish positions.

KEY SIGNALS

Circuit breaker hit on silver (6% lower limit)Four-month low for gold pricesProfit-taking after recent rallyPotential shift in safe-haven demandMomentum breakdown in precious metals

SECTORS INVOLVED

CommoditiesPrecious MetalsJewelry & Retail

Analysis generated on Mar 23, 2026 at 03:41 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gold Rate Today: MCX gold price crashes below ₹1.38 lakh per 10 grams; silver price hits 6% lower circuit

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