Gold Price Today, 3 March 2026: Gold surges to all-time high of $5,417/oz as Middle East tensions escalate. Domestic 24K gold trades at ₹1.70-1.71 lakh/10g. Check city-wise rates in Delhi, Mumbai, Chennai & more. 3% GST applicable.
Gold Price Today, 3 March 2026
Gold Price Today, 3 March 2026: As the Middle East's intensifying war fuels tremendous safe-haven buying, gold prices have risen to all-time highs on global markets, reaching an unprecedented $5,417 per ounce. In many Indian cities, domestic rates have followed suit, trading close to ₹1.71 lakh for 10 gms.
Due to increased central bank demand and regional volatility, global gold markets have reached unprecedented heights, with prices hitting new records.
| Metric | Value |
|---|---|
| Spot Gold | $5,387.10 per ounce |
| Intraday High | $5,417.34 (Record High) |
| 24-Hour Change | +1.76% to +2.5% |
| Market Sentiment | Fresh record highs driven by geopolitical risk |
Indian gold prices have mimicked the global surge, with 24K gold trading from ₹1.66 lakh to ₹1.73 lakh per 10 gms depending on the city and supplier. Rates have fallen slightly from yesterday's highs, but they remain close to historic levels.
| Purity | Price Range (per 10g) | Price Range (per gram) |
|---|---|---|
| 24K Gold (99.9% Pure) | ₹1,66,469 – ₹1,73,090 | ₹16,646 – ₹17,323 |
| 22K Gold (Jewellery Gold) | ₹1,52,486 – ₹1,58,660 | ₹15,248 – ₹15,866 |
Note: All physical gold purchases in India are subject to an additional 3% GST over these base rates.
| Gram | Today |
|---|---|
| 1 | ₹17,066 |
| 8 | ₹1,36,528 |
| 10 | ₹1,70,660 |
| 100 | ₹17,06,600 |
| Gram | Today |
|---|---|
| 1 | ₹15,645 |
| 8 | ₹1,25,160 |
| 10 | ₹1,56,450 |
| 100 | ₹15,64,500 |
| Gram | Today |
|---|---|
| 1 | ₹12,800 (approx.) |
| 8 | ₹1,02,400 |
| 10 | ₹1,28,000 |
| 100 | ₹12,80,000 |
Gold prices fluctuate slightly throughout major Indian cities due to municipal taxes, transportation expenses, and regional demand trends. Chennai continues to command a slight premium over other metropolises.
| City | 24K Gold (99.9%) | 22K Gold (91.6%) |
|---|---|---|
| Delhi | ₹1,70,660 | ₹1,56,450 |
| Mumbai | ₹1,70,510 | ₹1,56,300 |
| Chennai | ₹1,70,840 | ₹1,56,600 |
| Kolkata | ₹1,70,510 | ₹1,56,300 |
| Bangalore | ₹1,70,510 | ₹1,56,300 |
| Hyderabad | ₹1,70,510 | ₹1,56,300 |
| Pune | ₹1,70,510 | ₹1,56,300 |
| Ahmedabad | ₹1,70,560 | ₹1,56,350 |
Gold prices have eased slightly, falling about ₹2,580 per 10 grams from yesterday’s peak, creating a possible buying opportunity. Chennai continues to charge higher rates due to considerable cultural demand and temple-related spending. Buyers should account for 3% GST and making charges of 5-35% on jewelry. Despite the drop, Middle Eastern geopolitical concerns are keeping prices around all-time highs, with potential for more gains if the crisis worsens.
| Metric | 24K Rate (Delhi) |
|---|---|
| 1 February Opening | ₹16,073 per 10g |
| 28 February Closing | ₹16,172 per 10g |
| Highest Rate in February | ₹16,204 on Feb 25 |
| Lowest Rate in February | ₹15,332 on Feb 2 |
| Monthly % Change | +0.62% |
Gold has surged into new territory above $5,400 per ounce, with key levels at $5,300 support and $5,500 resistance globally. In India (Delhi 24K), support lies near ₹1,68,000 per 10g, with resistance around ₹1,75,000 per 10g. The recent domestic drop provides a long-term accumulation opportunity. Ongoing global concern reinforces gold's safe-haven status, while SIPs in gold ETFs or digital gold provide a disciplined way to participate in the upswing while minimizing timing risk.
