Gold prices in India have remained relatively steady today, March 3, 2026, following a period of intense volatility driven by geopolitical tensions in the Middle East and shifts in U.S. trade policies. For investors and households looking to purchase the yellow metal, understanding these minor price shifts is essential for timing their investments.
According to the latest data from Goodreturns, gold continues to be a preferred hedge against inflation, especially as global market uncertainties persist.
Today’s Gold Rate in India (March 3, 2026)
As of today, the price for 24 Karat gold stands at approximately ₹17,050 per gram, while 22 Karat gold—the standard for most jewelry—is priced at ₹15,629 per gram.
24 Karat Gold Price (99.9% Purity)
| Quantity | Today’s Price (INR) | Yesterday’s Price (INR) | Price Change |
| 1 Gram | ₹17,050 | ₹17,051 | – ₹1 |
| 8 Grams | ₹1,36,400 | ₹1,36,408 | – ₹8 |
| 10 Grams | ₹1,70,500 | ₹1,70,510 | – ₹10 |
| 100 Grams | ₹17,05,000 | ₹17,05,100 | – ₹100 |
22 Karat Gold Price (91.6% Purity)
| Quantity | Today’s Price (INR) | Yesterday’s Price (INR) | Price Change |
| 1 Gram | ₹15,629 | ₹15,630 | – ₹1 |
| 8 Grams | ₹1,25,032 | ₹1,25,040 | – ₹8 |
| 10 Grams | ₹1,56,290 | ₹1,56,300 | – ₹10 |
| 100 Grams | ₹15,62,900 | ₹15,63,000 | – ₹100 |
Gold Rates in Major Indian Cities
Prices in India vary across cities due to local demand, transportation costs, and state taxes. Below are the rates for 10 grams of 24K and 22K gold in key metros:
- Mumbai: 24K – ₹1,70,500 | 22K – ₹1,56,290
- Delhi: 24K – ₹1,70,650 | 22K – ₹1,56,440
- Chennai: 24K – ₹1,70,830 | 22K – ₹1,56,590
- Bangalore: 24K – ₹1,70,500 | 22K – ₹1,56,290
- Hyderabad: 24K – ₹1,70,500 | 22K – ₹1,56,290
Factors Influencing Gold Prices Today
Several domestic and international factors are currently dictating the gold price movement in the Indian market:
- Geopolitical Tensions: The ongoing situation involving Iran, Israel, and the United States has kept investors on high alert. Any escalation typically sends gold prices higher as it is viewed as a “safe-haven” asset.
- US Dollar Performance: A slightly stronger US dollar can put downward pressure on gold prices, as the metal becomes more expensive for holders of other currencies like the Indian Rupee.
- Domestic Demand: With festivals like Holi and the wedding season approaching, local demand in India remains a strong support pillar for prices.
- Central Bank Reserves: Continued accumulation of gold reserves by global central banks, including the RBI, helps maintain a floor under the current market rates.
Gold Investment: 22K vs 24K
- 24 Karat Gold: This is the purest form of gold (99.9%). It is ideal for investment in the form of coins, bars, or digital gold but is too soft for intricate jewelry.
- 22 Karat Gold: Also known as ‘916’ gold, it contains 91.6% gold mixed with other metals like zinc or copper. This makes it durable enough for everyday jewelry like bangles and necklaces.
Conclusion
While today’s market shows a slight cooling off after recent rallies, the long-term outlook for gold remains bullish amid global economic uncertainties. Investors are encouraged to monitor live updates and consult with financial advisors for the best entry points. For the most accurate, minute-by-minute updates, always refer to Goodreturns gold rates.