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 and Israel. Spot gold in international market $5,299 per ounce It has touched a record level, the direct effect of which is visible in India.
Gold price in major cities (2 March 2026)
Below are the latest rates of gold per 10 grams (without GST):
| City | 24 carats (per 10g) | 22 carats (per 10g) | shift |
|---|---|---|---|
| New 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 Sheets
Why is the momentum 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, making imported gold expensive.
Buy or Wait?
Market experts say that until the war situation becomes clear, there will be huge volatility in prices. Retail in demand due to high prices despite wedding season 30-40% decline Is being watched. If you want to invest for long term, then ‘Gold ETF’ can be a better option.
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