Gold Price Today [2 March, 2026]: Gold Surges to ₹1.73 Lakh/10g Amid Iran Conflict; International Spot Jumps to $5,377 | Check City-Wise Rates

Gold Price Today, 2 March 2026: The gold price today has surged to record highs in both domestic and international markets due to escalating geopolitical tensions in the Middle East. 

International Gold Price

The global gold market witnessed a dramatic spike as geopolitical risks flared. Spot gold surged to trade at approximately 2.5% to $5,377, MCX rates surge over 3% per ounce.

Metric	Value
Spot Gold	$5,377.60 per ounce
Intraday High	$5,400
Daily Change	+2% (approx.)
Previous Close	~$5,278 per ounce
Open	~$5,330 per ounce
Low	~$5,345 per ounce
Volume	145,216
Open Interest	275,174

Domestic Gold Price (India)

Indian gold rates followed the global rally, with prices surging over ₹4,000 per 10 grams in a single session. The average prices for different purities across major cities are:

Purit	Price per 10 Grams	Single-Day Change
24K Gold (99.9% Pure)	₹1,73,090	+₹4,370
22K Gold (Jewellery Gold)	₹1,58,660	+₹4,020
18K Gold	₹ ₹12,982	+₹3,280

Gold (GCW00) Price Chart

Time	Price (USD)
27 Feb, 3:00 pm	$5,201
27 Feb, 8:00 pm	$5,245
28 Feb, 1:00 am	$5,265
28 Feb, 6:00 am	$5,282
28 Feb, 10:28 am IST	$5,247.90

• Open: ~$5,330 per ounce
• High: $5,400
• Low: ~$5,345
• Previous Close: $5,279.11
• Volume: 145,216
• Open Interest: 275,174

Today 24 Carat Gold Rate Per Gram in Delhi (INR)

Gram	Today	Yesterday	Change
1	₹17,323	₹16,886	+ ₹437
8	₹1,38,584	₹1,35,088	+ ₹3,496
10	₹1,73,230	₹1,68,860	+ ₹8,370
100	₹17,32,300	₹16,88,600	+ ₹85,000

Today 22 Carat Gold Price Per Gram in Delhi (INR)

Gram	Today	Yesterday	Change
1	₹ 15,200	₹ 14,910	+ ₹290
8	₹ 1,21,600	₹ 1,19,280	+ ₹2,320
10	₹ 1,52,000	₹1,51,000	₹ 1,000
100	₹ 1,52,0000	₹15,10,000	+ ₹10000

Today 18 Carat Gold Rate Per Gram in Delhi (INR)

Gram	Today	Yesterday	Change
1	₹12,996	₹12,355	+ ₹641
8	₹1,03,968	₹98,840	+ ₹5,128
10	₹1,29,960	₹1,23,550	+ ₹6,410
100	₹12,99,600	₹12,35,500	+ ₹64,100

City-Wise Domestic Rates (24K per 10g)

Due to regional demand, municipal taxes, and transportation expenses, prices differ slightly amongst major Indian cities. Chennai displays slightly lower prices, while Delhi and Jaipur attract a tiny premium.

City	24K Gold	22K Gold	18K Gold
Delhi	₹1,73,230	₹1,58,800	₹1,29,960
Jaipur	₹1,73,230	₹1,58,800	₹1,29,960
Lucknow	₹1,73,230	₹1,58,800	₹1,29,960
Mumbai	₹1,73,080	₹1,58,650	₹1,29,810
Bangalore	₹1,73,080	₹1,58,650	₹1,29,810
Kolkata	₹1,73,080	₹1,58,650	₹1,29,810
Hyderabad	₹1,73,080	₹1,58,650	₹1,29,810
Pune	₹1,73,080	₹1,58,650	₹1,29,810
Ahmedabad	₹1,73,130	₹1,58,700	₹1,29,860
Chennai	₹1,72,090	₹1,57,750	₹1,29,070

Note: All retail purchases of gold in India attract a 3% GST in addition to the base rates listed above. For jewellery, additional making charges typically range from 5% to 35% depending on the intricacy of the design.

Key Market Drivers

• Geopolitical Risk : The intensification of the US-Israel-Iran confrontation, precipitated by military strikes, has resulted in significant safe-haven flows into precious metals. Gold is being actively purchased by investors as a hedge against the potential for a more significant regional conflict.
• Economic Policy Support: Gold's function as a structural hedge against currency depreciation and economic uncertainty is further supported by recent U.S. trade actions and consistently high inflation readings.
• Investor Sentiment & Institutional Outlook: According to analysts at top financial institutions like J.P. Morgan, gold has entered a "structural repricing phase," with long-term targets as high as $6,000 per ounce. The present rally is getting more traction thanks to this institutional support.

Current Market Trends

• Extreme Volatility: The market is experiencing significant volatility; prices spiked by over 2.5% in the last 24 hours following military escalations involving the U.S., Israel, and Iran.
• Safe-Haven Demand: Traditional safe-haven assets are seeing unprecedented inflows as geopolitical risks overshadow other market considerations.
• Technical Breakout: Gold has decisively broken above previous resistance levels, establishing a new higher trading range over ₹1.70 lakh per 10g.

Top Online Platforms to Buy Gold in India (2026)

• Apps for digital gold and savings include Jar (micro-savings), OroPocket (₹1 entry, Bitcoin incentives), Google Pay, PhonePe, and Paytm (MMTC-PAMP partners).
• Jewellery Brand Platforms: Tanishq DigiGold (SafeGold, 350+ stores), CaratLane (jewellery-ready gold), Kalyan Jewellers Candere (bars/coins, doorstep delivery).
• Physical Bullion & Market Platforms: MMTC-PAMP (999.9 purity bars/coins), Zerodha, Groww, Upstox (Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds).

What This Means for Investors

Geopolitical tensions are strengthening gold’s already bullish setup. Trading at ₹1.73 lakh per 10g—close to the January peak of ₹1.84 lakh—gold could retest record highs if tensions continue. Resistance at ₹1.80 lakh per 10g and support at ₹1.65 lakh are important levels. With SIPs in gold ETFs or digital gold providing a consistent means to profit while lowering timing risk, the recovery from February lows supports gold's function as a crisis hedge for long-term investors.