Gold Rate Today: Volcano-like explosion in gold prices, jump of more than ₹ 4,000 in a day, 24 carat gold crossed 1.73 lakh.

News India Live, Digital Desk: There is an atmosphere of panic in the global market after the news of the death of Iran’s supreme leader and military action by America-Israel. In the international market, spot gold has touched a record level of $ 5,299 per ounce, the direct effect of which is being seen in India. Gold price in major cities (2 March 2026) Below are the latest rates of 10 grams of gold (without GST): City24 carat (per 10g)22 carat (per 10g)ChangeNew Delhi₹1,73,240₹1,58,810₹4,370 ▼Mumbai₹1,73,090₹1,58,660₹4,350 ▼Lucknow/Noida₹1,73,150₹1,58,720₹4,360 ▼Kolkata₹1,73,090₹1,58,660₹4,350 ▼Chennai₹1,72,100₹1,57,760₹4,290 ▼Export to SheetsWhy is the boom not stopping? (Key Factors) Iran-Israel War: Due to the war, investors are withdrawing money from the stock market and investing it in gold, which is considered the safest investment. Supply chain affected: The closure of airspace in the Middle East has also affected the import and export of gold. Dollar vs Rupee: The Indian Rupee has weakened against the US dollar, due to which imported gold has become expensive. Buy or wait? Market experts say that until the war situation becomes clear, There will be huge volatility in prices. Despite the wedding season, retail demand is witnessing a 30-40% decline due to higher prices. If you want to invest for long term, then ‘Gold ETF’ can be a better option.