Gold prices are bracing for heightened swings as geopolitical tensions between Iran and Israel keep global markets on alert. The precious metal, often seen as a safe-haven asset during uncertain times, is once again experiencing sharp movements across domestic and futures markets. On Tuesday, March 3, gold rates in the Indian market reflected this volatility. The price of 24-carat gold was quoted at Rs 1,68,692 while 22-carat gold was available at Rs 1,54,631. Meanwhile, 18-carat gold stood at Rs 1,26,528.
On the Multi Commodity Exchange (MCX), gold futures closed at Rs 1,66,199 — marking a jump of Rs 4,095.00 or 2.53 per cent during Monday’s trade session.
The recent surge follows a record-breaking milestone earlier this year. On January 29, gold futures soared to an all-time high of Rs 1,80,779 per 10 grams. This dramatic rise highlights the intense price fluctuations witnessed in the bullion segment over the past few weeks.
Market watchers note that geopolitical stress has significantly amplified investor demand for gold, reinforcing its reputation as a hedge against instability. The renewed volatility suggests that traders are closely monitoring global developments before making fresh commitments.
Gold Rates Across Major Cities
City
24K Today (Rs)
22K Today (Rs)
18K Today (Rs)
Chennai
Rs 17,084
Rs 15,660
Rs 13,400
Mumbai
Rs 17,051
Rs 15,630
Rs 12,788
Delhi
Rs 17,066
Rs 15,645
Rs 12,803
Kolkata
Rs 17,051
Rs 15,630
Rs 12,788
Bangalore
Rs 17,051
Rs 15,630
Rs 12,788
Hyderabad
Rs 17,051
Rs 15,630
Rs 12,788
Kerala
Rs 17,051
Rs 15,630
Rs 12,788
Pune
Rs 17,051
Rs 15,630
Rs 12,788
Vadodara
Rs 17,056
Rs 15,635
Rs 12,793
Ahmedabad
Rs 17,056
Rs 15,635
Rs 12,793
Jaipur
Rs 17,066
Rs 15,645
Rs 12,803
Lucknow
Rs 17,066
Rs 15,645
Rs 12,803
Coimbatore
Rs 17,084
Rs 15,660
Rs 13,400
Madurai
Rs 17,084
Rs 15,660
Rs 13,400
Vijayawada
Rs 17,051
Rs 15,630
Rs 12,788
Patna
Rs 17,056
Rs 15,635
Rs 12,793
Nagpur
Rs 17,051
Rs 15,630
Rs 12,788
Chandigarh
Rs 17,066
Rs 15,645
Rs 12,803
Surat
Rs 17,056
Rs 15,635
Rs 12,793
Bhubaneswar
Rs 17,051
Rs 15,630
Rs 12,788
Mangalore
Rs 17,051
Rs 15,630
Rs 12,788
Visakhapatnam
Rs 17,051
Rs 15,630
Rs 12,788
Nashik
Rs 17,054
Rs 15,633
Rs 12,791
Mysore
Rs 17,051
Rs 15,630
Rs 12,788
Salem
Rs 17,084
Rs 15,660
Rs 13,400
Rajkot
Rs 17,056
Rs 15,635
Rs 12,793
Trichy
Rs 17,084
Rs 15,660
Rs 13,400
Ayodhya
Rs 17,066
Rs 15,645
Rs 12,803
Cuttack
Rs 17,051
Rs 15,630
Rs 12,788
(The data have been taken from the All India Bullion and will be updated frequently.)
