Gold Rate Today: Gold prices surge sharply on March 1, with 24K rising ₹9,430 in a week. Check latest city-wise gold and silver rates before you buy.
Gold Rate Today in India: March 1 Price Update
Gold prices continue their upward momentum on March 1, especially in Delhi and other major cities. Moreover, February witnessed steady gains, pushing rates significantly higher across all purity levels. In just one week, 24-carat gold has climbed by ₹9,430, while 22-carat gold has surged by ₹8,550. Therefore, buyers planning purchases should carefully track daily movements before making decisions.
As of today, 24-carat gold is priced at ₹16,871 per gram, marking a rise of ₹714 from the previous day. Meanwhile, 22-carat gold stands at ₹15,463 per gram, up ₹653. Additionally, 18-carat gold is trading at ₹12,653 per gram, reflecting an increase of ₹535.
| Gold Purity | Price Per Gram |
|---|---|
| 24 Carat | ₹16,871 |
| 22 Carat | ₹15,463 |
| 18 Carat | ₹12,653 |
On the global front, the international spot price of gold is recorded at $5,172.17 per ounce. However, domestic futures trading on the Multi-Commodity Exchange (MCX) remains closed today due to the weekly holiday. Consequently, investors are closely watching international cues for further direction.
Also Read: Gold Price Falls Up to ₹1,890 Today: Check Latest 22K & 24K Gold Rates in Major Indian Cities
City-Wise Gold Price Today: Latest Rates in Major Indian Cities
Gold prices vary slightly across cities due to local taxes, logistics, and demand patterns. Meanwhile, metro cities continue to reflect strong buying interest.
| City | 24 Carat (10g) | 22 Carat (10g) |
|---|---|---|
| Mumbai | ₹173,080 | ₹158,650 |
| Jaipur | ₹173,230 | ₹158,800 |
| Lucknow | ₹173,230 | ₹158,800 |
| Kolkata | ₹173,080 | ₹158,650 |
| Pune | ₹168,710 | ₹154,630 |
| Bengaluru | ₹168,710 | ₹154,630 |
| Bhopal | ₹168,760 | ₹154,700 |
| Chandigarh | ₹168,860 | ₹154,800 |
Mumbai and Kolkata are currently quoting 24-carat gold at ₹173,080 per 10 grams. Meanwhile, Jaipur and Lucknow show slightly higher rates at ₹173,230. On the other hand, cities like Pune and Bengaluru are trading lower compared to northern markets.
These regional differences may appear small, yet they significantly impact bulk purchases. Therefore, checking city-specific prices before buying jewellery or investing in bullion remains essential.
Why Gold Prices Are Rising in February
Gold prices have shown consistent strength throughout February. Moreover, strong international spot prices are influencing domestic markets. Investors often turn to gold during global uncertainty, which increases demand and pushes rates upward.
Additionally, currency movements and inflation expectations contribute to the rally. When global spot prices remain firm at $5,172.17 per ounce, domestic markets naturally respond with higher valuations. Consequently, retail buyers are witnessing rapid daily fluctuations.
However, since MCX trading is closed today, price action is largely driven by global indicators and physical market demand. Therefore, short-term volatility may continue in the coming days.
Also Read: Silver Price Today: 999 Purity Silver Rates in Delhi, Mumbai & Chennai – Check Latest Price per Kg
Silver Price Today: Weekly Surge of ₹20,000
Silver prices have also experienced sharp movements this week. In fact, silver has surged by ₹20,000 on a weekly basis, reflecting strong investor interest. On the morning of March 1, silver was recorded at ₹295,000 per kilogram.
Meanwhile, in the Delhi bullion market, silver had declined by ₹2,500 on Friday, closing at ₹268,000 per kilogram. This fluctuation highlights the high volatility in the precious metals segment.
| Metal | Current Price |
|---|---|
| Silver (March 1 Morning) | ₹295,000 per kg |
| Silver (Delhi Bullion Previous Close) | ₹268,000 per kg |
| International Spot Silver | $89.72 per ounce |
On the global stage, silver’s spot price stands at $89.72 per ounce. Additionally, international demand trends and industrial usage continue to influence domestic silver prices.
Should You Buy Gold Now?
Gold remains a preferred investment and a traditional asset in India. However, with prices rising sharply, buyers should evaluate short-term volatility before making large purchases. Meanwhile, long-term investors often view price corrections as opportunities.
Therefore, always compare city-wise rates, monitor international trends, and assess your financial goals. Staying informed helps you make confident and timely decisions in a rapidly changing market.