Gold Price Today: On Thursday, March 26, the market remained closed from 9:00 AM to 5:00 PM on the occasion of Ram Navami. In the second session, precious metal prices witnessed a decline. On the Multi Commodity Exchange (MCX), gold was trading at Rs 1,41,250 per 10 grams at 06:50 PM, registering a fall of Rs 2,847 (1.98%). Meanwhile, silver also showed weakness on MCX, trading at Rs 2,21,969 per kilogram, down by Rs 12,865 (5.48%).
On the COMEX front, bullion prices remained under pressure as well. At 06.50 PM (IST) COMEX gold declined by 2.52% to 4,437.70 Dollar per ounce, falling 114.60 Dollar, indicating continued selling pressure in the global market. Meanwhile, COMEX silver also saw a sharp drop, slipping 5.75% to 68.465 Dollar per ounce, down by 4.176 Dollar, reflecting sustained weakness in precious metals.
GOLD PRICE TODAY: EXPERT OPINION OF THE DAY
SMC Global, a leading brokerage house, said:
“On the weekly chart, the trend has clearly turned bearish as gold prices have broken key support levels of Rs 1,59,229 and Rs 1,55,410 in a short span. This indicates that sellers are currently dominating the short-term trend.
Another key factor behind the decline is that prices had moved significantly above the 200 EMA, and the current fall appears to be a natural mean reversion, bringing prices back to more sustainable levels. Overall, the trend has shifted from a strong bullish phase to a corrective phase, and price action near key levels will be crucial for the next directional move.
Silver, after a sharp rally towards Rs 3,20,000, has now entered a corrective phase. The inability to sustain at higher levels indicates exhaustion in the market. The recent decline reflects strong selling pressure following an overextended move, with mean reversion currently taking place.”
SMC Global View for Today (Gold and Silver) 26/03/2026
“We expect gold and silver prices to remain under pressure with a bearish bias in the near term. At MCX, gold has support at Rs 1,20,479 – Rs 1,16,760, while resistance is placed at Rs 1,55,410 – Rs 1,59,229. Silver has support at Rs 1,99,000 – Rs 1,72,000, while resistance is seen at Rs 2,80,000 – Rs 2,98,000.
Traders are advised to remain cautious and watch key levels closely before taking fresh positions, as volatility is likely to persist in the precious metals market.”
FAQs
1. Why did gold and silver prices fall today?
Prices declined due to weak global cues, profit booking, and selling pressure after markets reopened. COMEX trends also showed sharp declines, which influenced domestic MCX prices.
2. How much did gold and silver fall on MCX?
Gold fell by Rs 2,847 (1.98%) to Rs 1,41,250 per 10 grams, while silver dropped by Rs 12,865 (5.48%) to Rs 2,21,969 per kilogram.
3. What is the global trend for gold and silver?
Globally, both metals are under pressure. COMEX gold declined by 2.52% and silver fell by 5.75%, reflecting continued weakness in the international bullion market.
4. What do experts say about the current trend?
Experts indicate a bearish trend, with gold breaking key support levels and entering a corrective phase. Silver has also shown signs of exhaustion after a strong rally.
5. Should investors buy gold or silver now?
Experts advise caution as volatility remains high. Investors should wait for stability and monitor key support and resistance levels before taking fresh positions in the bullion market.
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