Gold prices remained on a choppy path on Sunday, March 1, as domestic demand trends and international developments continued to shape the market. With wedding season purchases and investment flows in focus, buyers and traders alike are keeping a close watch on daily movements. Price for 24-carat gold stood at Rs 1,70,939 in India, 22-carat gold stood at Rs 1,56,694, and 18-carat gold stood at Rs 1,28,176.
On the Multi Commodity Exchange (MCX), however, gold futures saw a mild dip. Contracts were trading at Rs 1,61,971 per 10 grams, slightly lower than Rs 1,62,104 in the prior session. Notably, the precious metal had scaled a record high of Rs 1,80,779 per 10 grams in the futures segment on January 29, highlighting the sharp swings seen in recent weeks.
In global trade, spot gold was quoted at $5,172.17 per ounce, indicating some softness in international markets.
According to the data from Goodreturns, 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 Rates Across 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
What Drives Gold Prices In India?
Gold prices in India are influenced by international gold spot prices, the movement of the US dollar, interest rate outlook, import duties, local taxes, and seasonal demand, especially during weddings and festivals. These factors create a dynamic pricing environment that traders and consumers must navigate.
(The data have been taken from the All India Bullion and will be updated frequently.)
