Gold and silver prices have faced significant headwinds in March, with both precious metals posting notable losses on the Multi Commodity Exchange (MCX).
Gold prices have declined nearly 4% during March so far, with MCX gold hovering around ₹155,000 per 10 grams. The yellow metal’s recent weakness contrasts with its typically strong performance during festive seasons in India.
Silver has fared worse, shedding 16% during the same period. MCX silver prices are currently trading below ₹2.40 lakh per kilogram, reflecting broader weakness in industrial metals amid global economic uncertainties.
The decline in precious metals comes amid various global factors including shifts in monetary policy expectations and geopolitical tensions. Market participants are closely watching developments on these fronts for directional cues.
Traders planning to participate in commodity markets during Gudi Padwa 2026 should note these price movements and monitor MCX trading hours accordingly. The softness in prices may present opportunities for bullion buyers, though investors should remain cautious given the volatile macro environment.
Both metals have shown pressure despite seasonal buying periods in India, suggesting global supply-demand dynamics are outweighing local festive demand factors. Market participants are advised to track international gold prices and currency movements for better insights into domestic trends.
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