Gold Silver Rate Today, 4 March, 2026: City-Wise Prices Drop Across India On Holi As MCX Gold, Silver Correct

Gold and silver prices retreat from recent highs amid a stronger dollar and profit-taking, while safe-haven demand persists. Delhi and other major Indian markets show a consolidation, with 24K gold around ₹1,67,620–₹1,67,770 per 10 grams and silver near ₹2,94,900 per kilogram. Global factors and central bank buying support the outlook, guiding near-term trading.

Gold and silver prices on 4 March 2026 are easing from recent peaks, yet remain elevated amid continuing geopolitical tensions. International gold has retreated from record levels above $5,300 per ounce, while Delhi bullion markets report sharp corrections for both 24K gold and silver. Analysts attribute the move mainly to profit-taking and a stronger dollar, even as safe-haven demand persists.

In Delhi, 24K gold now trades around ₹1.67 lakh per 10 grams, down by about ₹2,890 from the previous session. Similar declines are visible across other purities, mirroring the global pullback. Silver in the capital has also slipped from earlier highs near ₹3.15 lakh per kilogram and is now quoted around ₹2,94,900, suggesting a consolidation phase after steep swings.

Gold Price Today global and domestic overview

International spot gold is currently near $5,118.90 per ounce, after touching an intraday high of $5,394.20 and a low of $5,005. The 24-hour move shows a marginal decline of 0.09%, with the previous close at $5,123.70 and opening trade at $5,335.70. Market data indicate volume at 259,692 contracts and open interest standing at 274,463.

Traders report that gold remains supported by multiple global factors, including tensions between the U.S. and Iran and uncertainty around new U.S. trade measures. Central banks continue to add to reserves, giving long-term backing to prices. Yet, after breaching $5,300 per ounce, many participants are booking profits, especially as the dollar strengthens, resulting in a technical correction.

Recent price action underlines this mixed backdrop. On 3 March at 2:00 pm, spot gold traded near $5,200, edging up to $5,250 by 6:00 pm before slipping to $5,180 at 10:00 pm. By 4 March at 2:00 am, prices cooled to $5,120, and at 4:35 am IST they were around $5,118.90, underscoring the pullback from record territory.

Indian bullion markets have tracked this global decline. Across key cities, 24K gold prices have fallen by roughly ₹2,800–₹2,900 per 10 grams, while 22K and 18K categories show proportionate losses. In Delhi, the 24K rate has dropped by ₹2,890 per 10 grams, reflecting the overseas correction and the influence of currency movements.

Current national benchmarks show a narrow price band for pure gold. In major centres such as Delhi, Mumbai, Bangalore and Hyderabad, 24K gold is quoted between ₹1,67,620 and ₹1,67,770 per 10 grams, while Chennai records a slightly higher level near ₹1,68,710. These differences arise from local taxes, logistics and demand conditions.

Delhi retail prices on 4 March 2026 reveal the extent of the correction across purities. For 24K, 22K and 18K gold, today’s rates are lower than those on 3 March for all standard weights, from 1 gram to 100 grams and 100 grams to 100 grams multiples. The decline is steepest when measured in per-10-gram terms for 24K gold.

The detailed 24K, 22K and 18K gold rates in Delhi are shown below.

For Delhi buyers, 24K gold on 4 March 2026 is priced at ₹16,777 per gram, against ₹17,066 a day earlier. The 8 gram price stands at ₹1,34,216, down from ₹1,36,528, while 10 grams cost ₹1,67,770, versus ₹1,70,660. At 100 grams, the rate is ₹16,77,700, lower than ₹17,06,600 recorded on 3 March.

For 22K jewellery gold in Delhi, the current 1 gram rate is ₹15,380, down from ₹15,645 on 3 March. An 8 gram piece now costs ₹1,23,040, compared with ₹1,25,160 earlier, while 10 grams are at ₹1,53,800, down from ₹1,56,450. At 100 grams, prices have slipped to ₹15,38,000 from ₹15,64,500.

On the 18K front, Delhi’s 1 gram price is now ₹12,587 compared with ₹12,803 yesterday. The rate for 8 grams has moved from ₹1,02,424 to ₹1,00,696, while 10 grams cost ₹1,25,870, down from ₹1,28,030. At 100 grams, 18K gold is priced at ₹12,58,700, versus ₹12,80,300 previously.

City-specific 24K prices underline the largely uniform national trend. Delhi quotes ₹1,67,770 per 10 grams, while Mumbai, Bangalore and Hyderabad each report ₹1,67,620. Chennai remains costlier at ₹1,68,710. These small variations reflect factors like local levies, transport expenses and city-wise demand patterns within India’s bullion trade.

Looking at the last 10 days, Delhi gold prices show a clear rising pattern into late February, followed by a sharp surge and subsequent correction. On 23 February 2026, 24K gold stood at ₹15,943 per gram, climbing to ₹16,193 on 25 February and peaking at ₹17,323 on 2 March before dropping to ₹16,777 on 4 March.

Average prices underline how sharply Delhi gold has risen over longer horizons. The 10-day mean stands at about ₹16,550.44 for 24K and ₹15,172.22 for 22K. Over one year, the averages are much lower, at ₹11,602.10 for 24K and ₹10,636.42 for 22K, indicating strong multi-period appreciation.

February 2026 data for Delhi show a steady uptrend. On 1 February, 22K opened at ₹14,735 per gram and 24K at ₹16,073, rising to ₹15,480 and ₹16,886 respectively by 28 February. The lowest daily rates were recorded on 2 February, at ₹14,055 for 22K and ₹15,332 for 24K, implying a 5.06% monthly rise.

For Indian investors, gold is accessible in several forms. Physical bars and coins, including 10 gram 24K bars, currently retail around ₹1,81,889 once merchant premiums are added. Exchange-traded funds, such as ICICI Prudential Gold ETF and Nippon India ETF Gold BeES, allow price tracking without storage issues, while digital gold options let buyers start with very small investments.

Popular apps in 2026 for digital gold include Jar, which focuses on micro-savings, and OroPocket, which allows entry from ₹1 and offers Bitcoin incentives. Mainstream platforms like Google Pay, PhonePe and Paytm provide digital gold backed by partners such as MMTC-PAMP and SafeGold. Jewellery brands offer parallel services under names like Tanishq DigiGold, CaratLane and Kalyan Jewellers Candere.

Physical bullion and market platforms extend the list of avenues. MMTC-PAMP supplies 999.9 purity bars and coins, while brokerage platforms such as Zerodha, Groww and Upstox give access to Gold ETFs, gold mutual funds and Sovereign Gold Bonds. All physical purchases in India remain subject to the 3% Goods and Services Tax, charged over and above quoted bullion rates.

Analysts say the current correction might interest investors who missed the earlier move. International gold has key support near $5,000 per ounce and resistance around $5,300, while Delhi 24K prices show domestic support near ₹1,65,000 per 10 grams and resistance close to ₹1,75,000. These levels are expected to guide near-term trading decisions.

Market strategists emphasise that the recent spike to record highs has again underlined gold’s defensive role in portfolios. The geopolitical outlook remains unsettled, and sustained central bank buying offers fundamental support. Systematic investment plans into gold ETFs or digital gold are viewed as ways to participate in the broader uptrend while managing the risk of mistimed entries.

Silver Price Today global and domestic overview

Silver has followed a similar pattern to gold, with the global market stepping back after a strong rally driven by Middle East tensions. International spot prices are currently moving in a wide and volatile range between $88 and $95 per ounce. The metal recently climbed to a high of $96.40 per ounce before profit-taking set in.

Market watchers note that safe-haven buying and geopolitical risks still support silver, but a firmer U.S. dollar is weighing on all dollar-priced commodities. The move from $96.40 has been described as a technical consolidation after a sharp advance. The same global forces affecting gold, especially risk sentiment and currency strength, are also influencing silver’s direction.

In India, silver prices have stepped back from levels near ₹3.15 lakh per kilogram reached on 2 March 2026, a surge driven by safe-haven interest after Middle East strikes. On 4 March 2026, silver in Delhi is around ₹2,94,900 per kilogram, almost ₹20,000 below that earlier peak, reflecting the combined impact of international profit-taking and local adjustments.

Retail silver rates in Delhi highlight the modest daily decline. The price stands at ₹294.90 per gram, down by ₹0.10 from the previous day. For 10 grams, the current level is ₹2,949, a fall of ₹1, while 1 kilogram trades at ₹2,94,900, compared with ₹2,95,000 a day ago, showing a controlled pullback.

Day-on-day data for the Delhi silver market show small changes but dramatic moves over longer windows. On 4 March 2026, 1 gram trades at ₹294.90, compared with ₹295 on 3 March. For 100 grams, the price shifts from ₹29,500 to ₹29,490, while 1 kilogram is lower at ₹2,94,900 against yesterday’s ₹2,95,000 quote.

Across major Indian cities, the silver price per kilogram remains close, though minor differences appear due to regional costs. Delhi quotes ₹2,94,900 per kg, while Mumbai is around ₹2,95,000. Chennai, Kolkata and Bangalore are broadly aligned with Delhi at approximately ₹2,94,900, with small gaps explained by taxes and freight charges.

Ten-day data for Delhi underline silver’s volatility. On 23 February 2026, 10 grams cost ₹3,000 and 1 kilogram ₹3,00,000. Prices then dropped to ₹2,85,000 per kilogram between 24 and 27 February, before rebounding. By 2 March, the rate surged to ₹3,15,000 per kilogram, before easing to ₹2,94,900 on 4 March.

February’s broader picture reflects a steep fall, followed by recovery. Silver in Delhi opened the month at ₹3,50,000 per kilogram, later touching a low of ₹2,55,000 on 18 February. By 28 February, prices closed at ₹2,95,000 per kilogram, representing a monthly decline of about 15.71%, yet a rebound of ₹40,000 from the trough.

Market commentary points to heavy profit-taking after the surge on 2 March, when silver jumped to ₹3.15 lakh per kilogram amid demand for safe assets following Middle East strikes. The subsequent decline is viewed as a normal adjustment. Delhi traders report strong interest across segments, including silver utensils, decorative silverware and coins, reflecting cultural preferences.

Digital platforms that offer silver purchases in India mirror those used for gold. PhonePe, Google Pay, Paytm and OroPocket support digital silver transactions, often in partnership with entities like MMTC-PAMP and SafeGold. Jewellery chains, including Tanishq, CaratLane and Kalyan Jewellers Candere, sell silver coins, bars and sometimes utensils, while bullion firms such as MMTC-PAMP, Augmont and Motilal Oswal provide physical bars and coins.

Investors tracking technical levels note that silver’s swift rebound from February’s low of ₹2.55 lakh to current prices underscores heightened sensitivity to geopolitical headlines. Key markers include support around ₹2,85,000 per kilogram and resistance near ₹3,15,000, the recent peak, with February’s high of ₹3,50,000 per kilogram offering a more distant reference point.

Advisers say long-term buyers may see silver as a diversification tool, given its role in both jewellery and industrial applications. The price swings that complicate short-term trading also create chances to build exposure gradually. Systematic investment plans in silver ETFs or digital silver are highlighted as ways to engage with the precious metals trend while smoothing entry timing.

Overall, 4 March 2026 finds both gold and silver retreating from recent highs but still at historically strong levels, anchored by ongoing geopolitical risk and steady institutional interest. Indian investors face a market where prices have corrected from peaks, yet longer-term charts remain firm, encouraging structured, gradual allocation rather than aggressive short-term bets.