Gold Price Today: At market open on Thursday, March 19, 2026, Multi Commodity Exchange witnessed a decline, with silver falling 1.5% to ₹2,44,342 per kg, while gold prices slipped 0.8% to ₹1,51,712 per 10 grams.
On the global front, COMEX prices also traded at lower prices as the market opened. Spot gold declined 1% to $4,844 per ounce, and spot silver plunging 2.45% to $75.6 per ounce, indicating broader weakness in precious metals across international markets.
GOLD PRICE TODAY: KEY EVENTS OF THE DAY, AND DAILY NEWS
Key Events of the Day
Thursday, March 19, 2026
06:00 PM – United States – Initial Jobless Claims(Week ending March 14)
08:30 AM – Japan – Bank of Japan (BoJ) Interest Rate Decision
05:30 PM – United Kingdom – Bank of England (BoE) Interest Rate Decision
06:45 PM – Euro Area – European Central Bank (ECB) Interest Rate Decision
Bank of Japan Does Not make rate changes. Rates at 0.75%
The Bank of Japan, in an 8–1 vote, decided to maintain its overnight call rate at 0.75%. In its latest policy statement, the central bank flagged the escalating situation in the Middle East as a new economic risk and emphasized that authorities will closely assess its potential impact on the broader economy.
The bank noted that wages and prices are likely to continue rising at a moderate pace. However, a sharp increase in oil prices could exert upward pressure on inflation, with rising crude costs expected to push the Consumer Price Index higher. Inflation expectations have also shown a modest uptick. Despite this, the year-on-year CPI rate may temporarily dip below the 2% target, partly due to government measures aimed at stabilizing prices.
Fed Does Not make any Rate Cuts. Fed Rates steady at 3.5-3.75%
Jerome Powell indicated that the Federal Reserve is likely to delay any further interest rate cuts until there is clear and sustained evidence of easing inflation. He emphasized that meaningful progress on inflation during the year is a critical condition for policy easing, noting that without such improvement, rate cuts would not be considered.
His comments highlight that the central bank remains some distance from initiating a new rate-cut cycle, as recent consumer price data continues to reflect persistent inflationary pressures.
Attack on Iran’s South Pars Gas Field
The South Pars Gas Field, which constitutes Iran’s share of the world’s largest natural gas reserve jointly held with Qatar, has become a focal point of escalating geopolitical tensions. The situation intensified after reports emerged that critical facilities within the field were struck, driving a sharp surge in global oil prices.
Qatar confirmed that its key energy hub at Ras Laffan Industrial City sustained significant damage following missile attacks, including impacts on infrastructure linked to the world’s largest LNG export operations. Meanwhile, a U.S. intelligence official stated that although Iran has suffered setbacks, it still retains the capability to carry out further strikes. Iran also acknowledged the killing of its intelligence minister by Israel.
Donald Trump has called for de-escalation, urging efforts to prevent further attacks on vital gas infrastructure in both Iran and Qatar. However, hostilities have continued to intensify. Israel reportedly conducted strikes on Iran’s South Pars gas field, while Iran launched retaliatory attacks following the killing of security chief Ali Larijani. In response, Israel expanded its military operations into Lebanon.
Iran has warned of broader retaliation, signaling potential attacks on oil and gas infrastructure across the Gulf region. Missiles were reportedly launched toward Qatar and Saudi Arabia. Saudi authorities confirmed intercepting four ballistic missiles aimed at Riyadh and successfully foiling a drone strike targeting a gas facility in the country’s eastern region.
Europe does not want to do anything with war
European leaders have pushed back against the stance of Donald Trump on Iran, stating that they were neither consulted nor clearly informed about the objectives of U.S. actions. This lack of coordination has added further strain to already fragile transatlantic relations between Europe and the United States.
Public sentiment across Europe also remains largely opposed to the conflict, with surveys indicating low support for involvement in the Iran war. European Union officials, including Kaja Kallas, have emphasized the importance of restraint and de-escalation, urging calm amid ongoing uncertainty surrounding U.S. strategy.
Recent developments show that several European nations have resisted participation in U.S.-led actions, citing unclear goals and lack of consultation, while continuing to advocate for diplomatic solutions.
GOLD PRICE TODAY: EXPERT OPINION OF THE DAY
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver prices plunged again and see heavy sell-off after the U.S. Fed maintain status-quo on the interest rates and Fed stance looks more hawkish than expected. The Fed Chairman said that the impact of Iran war on the economy, growth and inflation is uncertain and can’t predict the actual impact in present situation. Higher energy prices will certainly increase inflation and lowered disposable income and it may impact economy for longer term.
One of the Fed member voted for increasing interest rates. In present situation possibility for any rate cut this year is faded and dollar is showing strength and could continue to pressurize precious metal prices. We are experiencing very high price volatility in both precious metals and silver prices could test its support level of $68.00 per troy ounce and gold prices could also test its support level of $4,770 per troy ounce in the upcoming
session.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 19/03/2026
“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, higher crude oil prices and US-Iran war. Gold has support at $4820-4770 while resistance at $4940-4984 per troy ounce and silver has support at $74.40-71.00, while resistance is at $80.00-83.40 per troy ounce in today’s session.
At mcx, gold is having support at 151500-149800 and resistance at 154400-155800 while silver is having support at 244400- 238000 and resistance at 252500-256600.
We suggest for staying away from the gold and silver as both precious metals breached its short-term support levels, wait for some stability in the market for making fresh positions”
Kedia Commodity View for Today (For MCX Gold) | 19/03/2026:
“On the technical front, the market is witnessing long liquidation, with open interest falling 5.73% to 7,406 lots alongside a ₹2,960 price drop. Immediate support is seen at ₹1,51,025, with further downside toward ₹1,49,025, while resistance is placed at ₹1,55,550, and a move above this level could push prices toward ₹1,58,075.”
Kedia Commodity View for Today (For MCX Silver) | 19/03/2026:
“From a technical standpoint, the market is witnessing fresh selling, with open interest rising 2.23% to 5,975 lots while prices dropped sharply by ₹4,919. Immediate support is seen at ₹2,42,365, with further downside toward ₹2,36,540, while resistance is placed at ₹2,54,455, and a move above this level could push prices toward ₹2,60,720.”
Gold Price Today: FAQs
1. Why are gold and silver prices falling today?
Gold and silver prices are declining due to a stronger dollar, persistent inflation concerns, and a hawkish stance by the Federal Reserve, which has reduced expectations of near-term rate cuts.
2. What is the impact of the Fed’s decision on bullion prices?
Comments from Jerome Powell suggest that rate cuts are unlikely without clear inflation progress, which supports the dollar and puts pressure on non-yielding assets like gold and silver.
3. How is the Bank of Japan influencing the market?
The Bank of Japan kept rates unchanged at 0.75%, while flagging geopolitical risks and rising oil prices, contributing to global uncertainty and volatility in commodities.
4. What role is the Middle East conflict playing in price movement?
Escalation around the South Pars Gas Field and tensions involving Iran and Israel have pushed oil prices higher, indirectly impacting inflation expectations and bullion markets.
5. What is the outlook for gold and silver prices?
Experts suggest continued volatility, with key support and resistance levels being tested. Traders are advised to wait for stability before taking fresh positions due to high uncertainty.
Gold Price Today Digital Media Network
Facebook Page (129K Followers)- https://www.facebook.com/Goldsilverpricetoday
Facebook group of (80K Jewellers Member – Sunar Jewellers Ekta – https://www.facebook.com/groups/goldsilverpricenews
Website (100000 Users)- https://goldpricetoday.co.in/
Instagram (51K Followers)- https://www.instagram.com/goldpricetodaynews/
X- https://twitter.com/today_gold
Telegram Group (2000 Members)- https://telegram.me/goldsilverprice
Magazine (20000 Digital Subscribers): Gold Silver News For Magazine Subscription Contact +919111435279
Whatsapp News(25000 Members): +918448469588
