Gold has recorded its worst weekly performance in about 43 years, falling to its lowest level since December 11 last year.

Doha: Gold prices saw a sharp decline in global markets amid escalating tensions in the Gulf region and rising concerns over inflation and interest rates. Spot gold fell nearly 6 percent to $4,214.89 per ounce, extending losses for the ninth consecutive session. Overall, the metal has dropped more than 10 percent over the past week and over 20 percent from its January peak, highlighting strong pressure on the global market.

Kochi - Reflecting the global trend, gold prices in India also witnessed a steep fall on March 23, 2026. In Kochi, the price dropped by Rs 7,560 per sovereign, bringing it down to Rs 99,480, while the per gram rate declined by Rs 945 to Rs 12,435. Earlier in the day, gold had already fallen by Rs 4,360 per sovereign and Rs 545 per gram, continuing the consistent downward trend observed in recent days. The sharp drop underscores the direct impact of global developments on local gold markets.

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