Gold Silver Rate Today, 3 March, 2026: City-Wise Price Across India As MCX Mirrors Global Record Run

Global gold and silver prices remain near record highs on 3 March 2026, led by safe-haven buying amid Middle East tensions and currency volatility. Indian markets show 24K, 22K, and 18K rates with GST considerations, while digital platforms expand access to bullion and ETFs for investors.

Gold and silver are trading near record levels on 3 March 2026, driven mainly by the Middle East conflict and strong safe-haven demand. Global gold has climbed to a fresh peak above $5,400 per ounce, while Indian gold and silver prices are hovering close to lifetime highs despite minor intraday pullbacks.

In India, 24K gold is quoted between ₹1.66 lakh and ₹1.73 lakh per 10 grams, depending on the city and seller. Silver averages around ₹3.15 lakh to ₹3.20 lakh per kilogram nationwide. Prices have cooled slightly from recent tops, but data shows both metals remain near extreme levels across spot and futures markets.

Global trends in gold and silver price today

On international markets, spot gold is trading at $5,387.10 per ounce, after touching an intraday high of $5,417.34, which is a new record. Intraday gains range between 1.76% and 2.5%, indicating robust risk aversion flows as participants seek safety from geopolitical shocks and currency volatility.

Silver has also reacted sharply to the same global drivers. Spot silver is quoted at $95.19 per ounce, having earlier hit a session high of $96.40 before giving back part of the move. The pullback reflects resistance from a firm US dollar and higher Treasury yields, which usually pressure non-yielding assets.

International drivers behind gold and silver price today

The intensifying conflict in the Middle East is the primary driver behind these large moves in bullion. Safe-haven buying has increased across both gold and silver, as investors hedge against potential escalation, supply disruptions, and broader global risk-off sentiment spreading into equities and high-yield debt.

Central banks continue to accumulate gold, adding another layer of structural support. Persistent official sector purchases reduce available supply in the open market. At the same time, technical breakouts above previous highs have attracted momentum traders, amplifying the rally as prices cross psychological thresholds and stop orders trigger further buying.

Domestic gold and silver price today across India

Domestic bullion prices closely mirror international moves, but are also shaped by the rupee exchange rate and local taxes. Gold prices in major Indian cities now range between ₹1.66 lakh and ₹1.73 lakh per 10 grams for 24K purity. Silver prices cluster near ₹3.15 lakh per kg, with modest regional differences caused by logistics and municipal levies.

All physical gold purchases in India attract 3% GST over the base rate. Jewellery buyers also face making charges, which typically range from 5% to 35% depending on design complexity, brand, and labour costs. These add-ons create significant variation between quoted bullion prices and final retail bills.

Purity-wise gold price today in India

Standardised rates show how different purities are priced on 3 March 2026. The following table summarises 24K and 22K gold prices per 10 grams and per gram across India, excluding taxes and making charges that are added at the point of sale.

The price gap between 24K and 22K reflects lower gold content in jewellery-grade metal. Buyers of ornaments often prefer 22K for durability, while investors typically focus on 24K coins and bars. The 3% GST is levied on these base amounts, further lifting the effective outlay.

Delhi benchmark gold price today

Delhi acts as a key reference market for Indian bullion pricing. On 3 March 2026, 24K gold in Delhi is trading at ₹17,066 per gram and ₹1,70,660 per 10 grams. Larger orders such as 100 grams and 100 grams multiples follow the same per-gram structure, scaling proportionately for bulk purchases.

For 22K gold in Delhi, the rate stands at ₹15,645 per gram and ₹1,56,450 per 10 grams. As with 24K, larger denominations are priced using the same per-gram benchmark. These Delhi rates are widely tracked by traders and consumers across northern India as a pricing reference.

18K gold price today in Delhi and jewellery context

In Delhi, 18K gold is used mainly for specific jewellery segments rather than for investment. On 3 March 2026, 18K gold is around ₹12,800 per gram, implying ₹1,28,000 per 10 grams and ₹12,80,000 per 100 grams. This lower purity allows more alloy mix, which supports intricate designs and enhances hardness.

Investors typically avoid 18K for long-term storage because of the lower gold content. However, the reduced metal cost can lower overall jewellery bills, although making charges can still be substantial for designer pieces, influencing the total purchase price materially.

City-wise Indian gold price today

Gold prices differ slightly among major Indian cities due to transport costs, local duties, and regional demand patterns. Chennai usually trades at a small premium, influenced by cultural preferences and temple-related gold use, especially during festival and wedding seasons.

Although the absolute variation is modest, small differences can add up for bulk purchases. Buyers often compare quotes across jewellers within the same city and sometimes across nearby cities, particularly for larger bars and coins, where even a few rupees per gram can matter.

Recent trends in gold price today and February movement

Indian gold has eased by about ₹2,580 per 10 grams from the latest peak, suggesting a potential window for staggered buying. This dip comes after a steady February, where prices in Delhi moved within a relatively narrow band, ending the month slightly higher than the start.

The modest monthly gain hides the sharp spike that occurred later, driven mainly by worsening global headlines. The current narrow consolidation below the record suggests investors are reassessing risk and waiting for fresh triggers before committing further large amounts.

Investor view on gold price today and strategy

Globally, gold has moved into a new trading range above $5,400 per ounce. Analysts identify $5,300 as immediate support and $5,500 as resistance. In India, Delhi 24K gold shows support around ₹1,68,000 per 10 grams and resistance near ₹1,75,000, framing the near-term risk band.

The recent minor pullback in domestic prices offers a chance for long-term accumulation rather than short-term speculation. Systematic investment through gold ETFs or digital gold SIPs helps spread entry points over time. This approach can reduce timing risk while maintaining exposure to gold’s perceived safe-haven characteristics during geopolitical stress.

Digital platforms and access for gold and silver price today

Access to gold and silver now extends beyond traditional jewellers and banks. Digital gold platforms such as Google Pay, PhonePe, Paytm with MMTC-PAMP, Jar, and OroPocket allow micro-purchases starting from very small amounts, sometimes with reward features linked to other assets.

Jewellery-focused platforms like Kalyan Jewellers Candere, CaratLane, and Tanishq DigiGold offer options to buy coins, bars, or accumulate gold for future jewellery purchases. For market-linked exposure, investors use MMTC-PAMP physical products, as well as Zerodha, Groww, and Upstox for gold ETFs, mutual funds, and sovereign gold bonds.

Domestic silver price today and intraday changes

Indian silver prices are showing heightened volatility alongside gold. On 3 March 2026, silver is quoted between ₹3.15 lakh and ₹3.20 lakh per kilogram nationwide. This represents an increase of roughly ₹20,000 per kg compared with the previous session at some major outlets, underlining strong demand.

On MCX, March 2026 silver futures were last near ₹2,85,005 per kg, signalling a wide basis with spot prices. This gap highlights both intraday swings and expectations about near-term corrections or further spikes, depending on global cues and rupee movements.

Daily silver price today at national level

Day-on-day data shows incremental gains in Indian silver prices. On 3 March 2026, the national representative rate stands at ₹315.10 per gram, up ₹0.10 from ₹315 the previous day. Similar small increases appear across 8-gram, 10-gram, 100-gram, and 1 kg units.

These changes may appear small in rupee terms, but the percentage swing becomes meaningful when viewed against recent lows below ₹3 lakh per kg. The move highlights how quickly risk-off demand can push silver higher during stress episodes.

City-wise Indian silver price today

Unlike gold, silver rates are broadly aligned across most metropolitan centres. On 3 March 2026, prices for 10 grams, 100 grams, and 1 kg show limited dispersion, usually driven only by logistics and local tax differences rather than strong regional demand variations.

A snapshot of per-kilogram rates confirms this narrow spread. Delhi and Mumbai trade around ₹3,15,000 to ₹3,15,100 per kg, while Chennai and Hyderabad are slightly lower at ₹3,14,900 per kg. These minor variations rarely influence national trading patterns significantly.

Ten-day trend and February pattern in silver price today

Ten-day data highlights how fast silver climbed from late February lows. Prices moved from ₹2,75,000 per kg on 22 February to ₹3,15,100 per kg on 3 March, with several sharp steps upward, often coinciding with spikes in geopolitical headlines.

For February as a whole, silver showed a deep correction from early highs. The month opened at ₹3,50,000 per kg and fell to a low of ₹2,55,000 on 18 February, before recovering ₹40,000 from the bottom. The net monthly change is a fall of 15.71% from the 1 February level.

Platforms and investor view on silver price today

Investors have several channels to access silver exposure in India. Digital apps such as PhonePe, Google Pay, Paytm, and OroPocket offer small-ticket silver purchases, often backed by partners like MMTC-PAMP and SafeGold. These platforms suit savers who prefer gradual accumulation.

For physical silver, MMTC-PAMP, Augmont, and Motilal Oswal provide bars and coins with high purity standards. Jewellery brands like Tanishq, CaratLane, and Kalyan Jewellers Candere also sell silver coins, bars, and utensils. Market-linked exposure is increasingly available through silver ETFs and digital silver products.

From an investment perspective, silver has rebounded from ₹2.55 lakh in February to above ₹3.15 lakh per kg. Internationally, analysts monitor $92 as support and $97 as resistance. Domestically, ₹3,00,000 per kg acts as support, with resistance near ₹3,25,000, framing near-term swings.

Silver’s dual nature as both a precious metal and an industrial input ties its outlook to electronics and renewable energy demand. Long-term investors often use SIPs in silver ETFs or digital silver to navigate price volatility, seeking diversification benefits alongside gold within their portfolios.