Currently, gold futures for April on the MCX are trading around ₹1,62,000 to ₹1,63,000, while silver has also seen a drop to ₹2,75,000 to ₹2,80,000 per kilogram. Local rates in Jaipur's markets, such as Johnny Road and Hawa Mahal area, are aligning with the MCX trends, albeit with minor local premiums or discounts.

Current Prices as of March 12, 2026 (Afternoon Update)

Today's Key Rates:

• 24 Carat Gold (999 Pure): ₹1,62,370 to ₹1,63,000 per 10 grams (approximately ₹16,237 to ₹16,300 per gram). A decrease of ₹100-₹200 compared to yesterday.


• 22 Carat Gold (for Jewelry): ₹1,48,850 to ₹1,50,000 per 10 grams (approximately ₹14,885 to ₹15,000 per gram). Making charges are additional.


• Silver: ₹2,80,000 per kilogram (approximately ₹280 per gram). Some sources indicated prices as high as ₹2,86,000-₹2,89,000, but with today's MCX decline, it has dropped below ₹2,80,000.

Note on Pricing

Note: These rates are compiled from sources like Goodreturns, Policybazaar, Livemint, and Financial Express, and are subject to real-time changes. GST, TCS, making charges, and local jeweler margins are additional. For accurate pricing, consult reliable jewelers in Jaipur.

Is Now a Good Time to Buy?

Expert Insights:

Experts suggest that following the recent decline, there is potential for a recovery in gold and silver prices, especially if global uncertainties (like tensions in the Middle East) escalate or if expectations for a US Federal Reserve rate cut strengthen. This could be an opportune moment for investors to consider buying on dips, although there is also a risk of further short-term declines. For jewelry buyers, selecting jewelers with lower making charges is advisable, while 24K coins or bars are recommended for investment purposes.

Market Analysts' Opinions

Market Analysts' Views:

• Support for MCX gold is at ₹1,61,000-₹1,60,000, with resistance at ₹1,64,000-₹1,66,000.


• Silver shows strong industrial demand (solar, electronics), but short-term profit booking continues.


• Demand in Jaipur may remain steady due to festivals and wedding season, potentially leading to slight local premiums.

Final Thoughts for Jaipur Residents

For residents of Jaipur, today's update reveals a significant drop in gold and silver prices! Is this a golden opportunity for investment, or will prices fall further? Stay updated to gauge market trends. If you're planning to make a purchase, ensure to compare local market rates and deal only with certified jewelers.