Gold Silver Price Today: On the morning of Monday, March 2, 2026, there was such a storm in the bullion market that even investors were stunned. As soon as the market opened, the prices of gold and silver reached record levels. The direct impact of increasing tension and geopolitical uncertainty in the Middle East is visible on precious metals. People are buying gold and silver in search of safe investment, due to which the prices are skyrocketing.
What is the latest rate on MCX?
According to MCX data, April futures of 24 carat gold jumped by 3.17% i.e. Rs 5,131 to reach Rs 1,67,235 per 10 grams.
Whereas March futures of silver rose by Rs 9,856 with a rise of 3.49% to reach Rs 2,92,500 per kg. That means silver is also close to the figure of Rs 3 lakh. The movement of the market clearly shows that an atmosphere of fear prevails.
Why are investors running towards gold?
The increasing tension between Iran, Israel and America has created fear in the global market. Whenever the shadow of war or instability looms, gold is considered the safest investment.
Due to uncertainty in the stock market, investors are withdrawing money and investing it in gold and silver. Due to high demand and low supply, there is a huge jump in prices.
What should the common man do, buy or stay?
Such a sharp rise is called “overheat” in market parlance. If you don’t need it immediately, it might be wise to wait a while.
This sudden rise may also be temporary. In such a situation, making a big investment without thinking can be risky. Before taking any major decision, definitely consult your financial advisor.
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What will be the trend going forward?
Gold reaching Rs 1.67 lakh and silver reaching Rs 2.92 lakh indicate that the market is under the shadow of fear. The market will remain closed on Tuesday due to Holi.
Now the eyes are fixed on Wednesday, when the market will reopen. Then it will be known whether this rise will continue or the prices will cool down a bit due to profit booking.
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