Mcx gold silver prices
Current Market Overview
As of March 8, 2026, the prices of gold and silver on the Multi Commodity Exchange (MCX) in India have experienced notable fluctuations. The backdrop of these changes is influenced by various international and domestic factors, including the strength of the US dollar and ongoing geopolitical developments.
Gold Prices
On this date, the price for 24-carat gold stood at approximately ₹16,364 per gram. In comparison, the 22-carat gold was priced at around ₹15,000 per gram, while the 18-carat variant traded near ₹12,273 per gram. These prices reflect a slight increase from previous trading sessions.
MCX Futures
In Friday evening trade, MCX gold futures reached ₹161,675 per 10 grams, indicating a robust demand in the market. Notably, the price for 24-carat gold (99.99% purity) was recorded at ₹16,380 per gram, while the 22-carat gold (91.6% purity) was at ₹15,015 per gram. The 18-carat gold was trading at ₹12,288 per gram.
Silver Prices
Silver prices also remained stable, trading at roughly ₹285 per gram on March 8. This consistency in silver pricing is noteworthy as it aligns with the ongoing trends in the global market.
International Context
Internationally, the spot gold price was near $5,174, a significant figure that reflects global market conditions. Additionally, silver prices were being eyed at ₹3 lakh per kg, indicating a potential rise in demand.
Market Implications
The current state of MCX gold and silver prices is crucial for investors and traders, as these fluctuations can impact investment decisions and market strategies. Understanding these trends is essential for those involved in commodities trading.
Overall, the developments in MCX gold and silver prices highlight the dynamic nature of the market, influenced by both local and global factors. This ongoing situation is one that stakeholders will continue to monitor closely.
