Current Gold Prices in India Amid Global Tensions

As of March 2, gold prices in India are experiencing fluctuations due to the ongoing conflict between Iran and Israel. The current rates for 24-carat gold are ₹1,68,333, while 22-carat and 18-carat gold are priced at ₹1,54,305 and ₹1,26,259, respectively. On the MCX, gold futures have slightly declined, reflecting the volatility in the market. This article provides a detailed overview of city-wise gold rates across India and the key factors influencing these prices, including international market trends and domestic demand.

By Narendra Chaudhary Mar 2, 2026, 00:59 IST

Gold Prices Today: March 2 Update

Today, gold prices are expected to be significantly affected by the ongoing conflict between Iran and Israel. As of March 2, the price for 24-carat gold in the domestic market is set at ₹1,68,333, while 22-carat gold is priced at ₹1,54,305. The 18-carat variant is available for ₹1,26,259. On the Multi Commodity Exchange (MCX), gold futures have seen a slight decrease, trading at ₹1,61,971 per 10 grams, down from ₹1,62,104 in the previous session on Friday. This follows a peak of ₹1,80,779 per 10 grams in the futures market on January 29, highlighting the recent volatility in gold prices.

According to Goodreturns, the current rates for gold in India are ₹17,308 per gram for 24-carat gold, ₹15,865 per gram for 22-carat gold, and ₹12,981 per gram for 18-carat gold.

City-Wise Gold Rates Across India

City	24K Today	22K Today	18K Today
Chennai	Rs 17,209	Rs 15,775	Rs 13,500
Mumbai	Rs 17,308	Rs 15,865	Rs 12,981
Delhi	Rs 17,323	Rs 15,880	Rs 12,996
Kolkata	Rs 17,308	Rs 15,865	Rs 12,981
Bangalore	Rs 17,308	Rs 15,865	Rs 12,981
Hyderabad	Rs 17,308	Rs 15,865	Rs 12,981
Kerala	Rs 17,308	Rs 15,865	Rs 12,981
Pune	Rs 17,308	Rs 15,865	Rs 12,981
Vadodara	Rs 17,313	Rs 15,870	Rs 12,986
Ahmedabad	Rs 17,313	Rs 15,870	Rs 12,986
Jaipur	Rs 17,323	Rs 15,880	Rs 12,996
Lucknow	Rs 17,323	Rs 15,880	Rs 12,996
Coimbatore	Rs 17,209	Rs 15,775	Rs 13,500
Madurai	Rs 17,209	Rs 15,775	Rs 13,500
Vijayawada	Rs 17,308	Rs 15,865	Rs 12,981
Patna	Rs 17,313	Rs 15,870	Rs 12,986
Nagpur	Rs 17,308	Rs 15,865	Rs 12,981
Chandigarh	Rs 17,323	Rs 15,880	Rs 12,996
Surat	Rs 17,313	Rs 15,870	Rs 12,986
Bhubaneswar	Rs 17,308	Rs 15,865	Rs 12,981
Mangalore	Rs 17,308	Rs 15,865	Rs 12,981
Visakhapatnam	Rs 17,308	Rs 15,865	Rs 12,981
Nashik	Rs 17,312	Rs 15,868	Rs 12,984
Mysore	Rs 17,308	Rs 15,865	Rs 12,981
Salem	Rs 17,209	Rs 15,775	Rs 13,500
Rajkot	Rs 17,313	Rs 15,870	Rs 12,986
Trichy	Rs 17,209	Rs 15,775	Rs 13,500
Ayodhya	Rs 17,323	Rs 15,880	Rs 12,996
Cuttack	Rs 17,308	Rs 15,865	Rs 12,981

Factors Affecting Gold Prices in India

The pricing of gold in India is influenced by various factors. Key among these are the international spot prices, the strength of the US dollar, and global interest rate expectations. Additionally, import duties, domestic taxes, and seasonal demand—especially during wedding and festival seasons—play significant roles in daily price fluctuations.

(Data sourced from All India Bullion and will be updated regularly.)