The Women's Downhill competition of the Grenoble 1968 Olympics was held at Chamrousse on Saturday, 10 February. The defending world champion was Marielle Goitschel of France, who was also the defending World Cup downhill champion and Austria's Olga Pall led the current season. Christl Haas of Austria was the defending Olympic champion. Pall won the gold medal, Isabelle Mir of France took the silver, and Haas was the bronze medalist.