Gold prices in India have hit an extraordinary peak today, Monday, March 2, 2026, marking a historic rally for the precious metal. Following a weekend of significant global market shifts and rising geopolitical tensions, the yellow metal has surged past the ₹1.73 lakh mark, continuing a relentless upward march that has seen prices jump by over ₹1.2 lakh (per 100g) in just three days.
According to the latest live updates from GoodReturns, 24K gold is currently trading at approximately ₹17,309 per gram, reflecting a massive gain from late February.
Today’s Gold Prices in India (March 2)
The current market sentiment is overwhelmingly bullish, with investors flocking to gold as a safe-haven asset. Below are the current retail rates:
| Unit | 24K Gold (99.9% Pure) | 22K Gold (91.6% Pure) | 18K Gold (75% Pure) |
| 1 Gram | ₹17,309 | ₹15,866 | ₹12,982 |
| 8 Grams | ₹1,38,472 | ₹1,26,928 | ₹1,03,856 |
| 10 Grams | ₹1,73,090 | ₹1,58,660 | ₹1,29,820 |
| 100 Grams | ₹17,30,900 | ₹15,86,600 | ₹12,98,200 |
Retail Buyer’s Note: Please remember that these are market prices. Physical purchases at jewelers will include a 3% GST and additional making charges (usually 10-20%), which vary depending on the design.
City-Wise Gold Rates Today (per 1 gram)
Gold prices vary across Indian cities due to local demand, transportation costs, and state-level octroi/taxes.
| City | 24K Gold (Today) | 22K Gold (Today) | Trend |
| Mumbai | ₹17,309 | ₹15,866 | 📈 Bullish |
| Delhi | ₹17,324 | ₹15,881 | 📈 Bullish |
| Chennai | ₹17,210 | ₹15,776 | 📈 Bullish |
| Bangalore | ₹17,309 | ₹15,866 | 📈 Bullish |
| Hyderabad | ₹17,309 | ₹15,866 | 📈 Bullish |
| Kolkata | ₹17,309 | ₹15,866 | 📈 Bullish |
Why Are Gold Prices Skyrocketing Today?
The surge to ₹17,309 per gram is not a local phenomenon but a reaction to several intense global triggers:
- Geopolitical Tensions: Heightened tensions in the Middle East, particularly involving the US, Israel, and Iran, have sent shockwaves through the commodities market. Investors traditionally dump stocks and buy gold during wartime or geopolitical instability.
- Holika Dahan 2026: In the domestic market, the festive demand associated with Holika Dahan has added a layer of retail buying pressure, keeping prices elevated even as global spot rates fluctuated.
- Inflation Hedge: As global central banks navigate a complex 2026 economic landscape, gold continues to serve as a primary hedge against inflation and currency devaluation.
- Weakening Rupee: The Indian Rupee is currently trading near all-time lows against the US Dollar (hovering around ₹91.17), making imported gold significantly more expensive for Indian consumers.
Gold Investment Outlook: What Should You Do?
With gold prices jumping nearly Rs 1.20 lakh per 100g over the last 72 hours, many retail buyers are asking if it’s too late to enter.
- For Long-term Investors: Experts suggest that while the current “Safe-Haven Rally” is steep, gold remains a core portfolio diversifier.
- SIP Approach: Rather than a lump-sum purchase at these record highs, consider a Systematic Investment Plan (SIP) in Gold ETFs or Digital Gold to average out your costs.
- Sovereign Gold Bonds (SGB): If you don’t need physical jewelry, SGBs remain the most efficient way to hold gold, offering a 2.5% annual interest on top of the market price appreciation.
Conclusion
Today’s gold rate of ₹1,73,090 per 10 grams marks a defining moment for the Indian bullion market in 2026. Whether you are buying for the wedding season or as an investment, staying updated with live prices is crucial. For real-time updates and historical trends, visit the official GoodReturns Gold Rates page.