Gold rates today: Bullion markets end three-day rally, yellow metal falls ₹300 to ₹91,650/10 gm

Domestic gold prices ended the three-day rally, declining by ₹300 to ₹91,650 per 10 gm (24K, 99.9% purity) in the national capital on Thursday amid a fall in precious metal rates globally, according to the All India Sarafa Association. Gold of 99.5% purity ended ₹91,200 per 10 gm on Thursday, March 20.

On Wednesday, the precious metal settled ₹700 higher, touching its lifetime high of ₹91,950 per 10 gm (99.9% purity) and 91,500 per 10 gm (99.5% purity).

Silver prices also plunged by ₹1,500 to hit ₹1,02,000 per kg on Thursday, down from its historic high of ₹1,03,500 per kg reached on Wednesday.

The yellow metal added ₹2500 per 10 gm in the last three sessions to reach its all-time high level on Wednesday. Similarly, silver prices soared ₹2,300 per kg to hit its fresh peak during the period.

Spot gold, in the overseas market, fell by $14.44 (0.47%) to $3,033.35 per ounce. Spot gold rates hit a lifetime high of $3,057.36 per ounce during the morning trade on Thursday. Moreover, Comex gold futures for April delivery dipped 0.11% to $3,038 per ounce and also hit a fresh peak of $3,065.09 per ounce during the session.

Investors will closely monitor the US weekly unemployment claims to be released later on Thursday to ascertain the situation of the labour market, as per the CEO of Abans Financial Services, Chintan Mehta.

"Investors will also seek insights from US Federal Reserve Chair Jerome Powell's press conference in Washington, looking for indications of how policymakers are factoring in Trump's policies and how they might respond if economic conditions worsen," a PTI report quoted Mehta as saying.