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Current Trends in Gold Prices: March 2023 Update

Gold prices in India are currently experiencing fluctuations influenced by domestic demand and international market trends. As the wedding season approaches, buyers are keenly observing daily price changes. The latest rates for 24-carat, 22-carat, and 18-carat gold are provided, along with insights into how global factors and local taxes affect pricing. This article also highlights gold prices across major Indian cities, offering a comprehensive overview for potential investors and consumers alike.
By Narendra Chaudhary Mar 1, 2026, 01:00 IST

Gold Prices Experience Fluctuations


On Sunday, March 1, gold prices displayed volatility as domestic demand and global factors continued to influence the market. With the wedding season driving purchases and investment trends, both buyers and traders are closely monitoring daily price changes. Currently, the price for 24-carat gold in India is Rs 1,70,939, while 22-carat gold is priced at Rs 1,56,694, and 18-carat gold at Rs 1,28,176. In the Multi Commodity Exchange (MCX), gold futures experienced a slight decline, trading at Rs 1,61,971 per 10 grams, down from Rs 1,62,104 in the previous session. Notably, the precious metal reached a peak of Rs 1,80,779 per 10 grams in the futures market on January 29, showcasing the significant fluctuations observed in recent weeks.


In the international market, spot gold was priced at $5,172.17 per ounce, reflecting a softening trend. According to Goodreturns, the gold prices in India are Rs 16,871 per gram for 24-carat gold, Rs 15,463 per gram for 22-carat gold, and Rs 12,653 per gram for 18-carat gold.


Gold Prices in Major Cities


City 24K Today 22K Today 18K Today
Chennai Rs 16,964 Rs 15,550 Rs 13,300
Mumbai Rs 16,871 Rs 15,463 Rs 12,653
Delhi Rs 16,886 Rs 15,480 Rs 12,668
Kolkata Rs 16,871 Rs 15,465 Rs 12,653
Bangalore Rs 16,871 Rs 15,465 Rs 12,653
Hyderabad Rs 16,871 Rs 15,465 Rs 12,653
Kerala Rs 16,871 Rs 15,465 Rs 12,653
Pune Rs 16,871 Rs 15,465 Rs 12,653
Vadodara Rs 16,876 Rs 15,470 Rs 12,658
Ahmedabad Rs 16,876 Rs 15,470 Rs 12,658
Jaipur Rs 16,886 Rs 15,480 Rs 12,668
Lucknow Rs 16,886 Rs 15,480 Rs 12,668
Coimbatore Rs 16,964 Rs 15,550 Rs 13,300
Madurai Rs 16,964 Rs 15,550 Rs 13,300
Vijayawada Rs 16,871 Rs 15,465 Rs 12,653
Patna Rs 16,876 Rs 15,470 Rs 12,658
Nagpur Rs 16,871 Rs 15,465 Rs 12,653
Chandigarh Rs 16,886 Rs 15,480 Rs 12,668
Surat Rs 16,876 Rs 15,470 Rs 12,658
Bhubaneswar Rs 16,871 Rs 15,465 Rs 12,653
Mangalore Rs 16,871 Rs 15,465 Rs 12,653
Visakhapatnam Rs 16,871 Rs 15,465 Rs 12,653
Nashik Rs 16,874 Rs 15,468 Rs 12,658
Mysore Rs 16,871 Rs 15,465 Rs 12,653
Salem Rs 16,964 Rs 15,550 Rs 13,300
Rajkot Rs 16,876 Rs 15,470 Rs 12,658
Trichy Rs 16,964 Rs 15,550 Rs 13,300
Ayodhya Rs 16,886 Rs 15,480 Rs 12,668
Cuttack Rs 16,871 Rs 15,465 Rs 12,653


Factors Influencing Gold Prices in India


The pricing of gold in India is affected by various elements, including global gold spot prices, fluctuations in the US dollar, interest rate expectations, import duties, local taxes, and seasonal demand, particularly during wedding and festival seasons. These factors contribute to a dynamic pricing landscape that both traders and consumers must navigate.


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