Hyderabad Gold Silver Rate Today, 3 March, 2026: Prices Remain Firm As Safe Haven Demand Intensifies

Hyderabad's bullion market continued to witness elevated prices on 3 March 2026, with gold hovering near record territory and silver holding strong gains. The sharp movement comes against the backdrop of rising geopolitical tensions in the Middle East, which have pushed investors globally towards traditional safe haven assets.

Fresh data released by the India Bullion and Jewellers Association reflects the strength in domestic bullion benchmarks, with prices moving sharply higher compared to previous sessions.

Hyderabad Gold Rate Today

In the city's retail market, gold rates are aligned closely with national benchmarks.

Per gram in Hyderabad:

• 18 Carat Gold: ₹17,050
• 22 Carat Gold: ₹15,629
• 24 Carat Gold: ₹12,787

Silver Price in Hyderabad:

• ₹314.90 per gram

The rise reflects strong alignment with the national trend, where bullion has gained sharply in response to global uncertainty.

Jewellers across key commercial areas reported cautious footfall, with many buyers assessing market direction before committing to large purchases. However, wedding-related demand continues to provide underlying support.

Why Gold And Silver Are Rising

The latest upswing in bullion prices is closely linked to international developments. The ongoing conflict involving the United States, Israel and Iran has unsettled financial markets, increasing demand for defensive assets such as gold and silver.

Commodity market expert Ajay Kedia has suggested that if tensions persist or escalate further, gold could move towards ₹2 lakh per 10 grams, while silver may test ₹3.50 lakh per kilogram in the coming months.

MCX And Global Market Signals

The domestic futures market also reflected strong momentum. On the Multi Commodity Exchange of India, gold opened at ₹1,65,501 and surged to an intraday high of ₹1,67,915 per 10 grams. Silver started at ₹2,78,644 and climbed to ₹2,85,978 per kilogram during trading hours.

Internationally, gold prices climbed to around $5,400 per ounce on COMEX, registering solid intraday gains. Silver too advanced sharply, touching $96.930 per ounce amid strong global buying interest.

How 2026 Has Shaped Up So Far

The rally in precious metals has been remarkable this year. At the beginning of January 2026, gold was priced near ₹1.33 lakh per 10 grams. The current level near ₹1.67 lakh marks a rise of about ₹34,000 in just two months.

Silver has delivered an even steeper climb, gaining roughly ₹60,000 since the start of the year. Analysts believe that continued geopolitical uncertainty and sustained investment demand may keep volatility high in the near term.

For Hyderabad buyers, the current market environment calls for close monitoring, as global developments are directly influencing daily bullion prices.