Gold Jumps Rs 1.20 Lakh in 3 Days; Will Gold, Silver Rates Today Extend Rally Amid US-Iran Tension on Holika?

Gold prices in India continued their relentless upward march for the third straight day, with the cumulative gain swelling to a sharp Rs 1,20,600 for 24K gold per 100 grams. In the latest trading session, bullion was trading firmly higher, with 24K gold at Rs 17,308 per gram and 22K gold at Rs 15,865 per gram, reflecting fresh gains of Rs 437 and Rs 402 per gram respectively at the time of writing.

The strong momentum in prices comes against the backdrop of an increasingly war-like geopolitical environment in the Middle East, where escalating tensions involving Iran, the United States (US) and Israel have rattled global markets, prompting investors to aggressively rotate into gold as a hedge against uncertainty.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices Per Gram on 2nd March 2026, Holika Dahan

24 Karat Gold Rate Today in India

On Monday, at the time of writing, 24K gold is trading at Rs 17,308 per gram, up Rs 437 from the previous session. On a larger scale, 8 grams rose by Rs 3,496 to Rs 1,38,464, while 10 grams climbed by Rs 4,370 to Rs 1,73,080. The sharp move was even more evident in bulk buying, as 100 grams of 24K gold jumped by Rs 43,700 to Rs 17,30,800.

22 Karat Gold Price Today in India

22K gold also witnessed a firm rise, with prices settling at Rs 15,865 per gram, marking a gain of Rs 402 compared to yesterday. Eight grams advanced by Rs 3,216 to Rs 1,26,920, while 10 grams increased by Rs 4,020 to Rs 1,58,650. On a per-100-gram basis, prices surged by Rs 40,200 to Rs 15,86,500.

18 Karat Gold Rate Today in India

On the occassion of Holika Dahan 2026, 18 Karat gold priced at Rs 12,981 per gram, up Rs 328 from the previous close. Eight grams of 18K rose by Rs 2,624 to Rs 1,03,848, and 10 grams gained Rs 3,280 to reach Rs 1,29,810. Meanwhile, 100 grams of 18K gold climbed by Rs 32,800 to Rs 12,98,100.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on March 2, 2026

On Monday, at the time of writing, Silver is trading at Rs 295 per gram, with 8 grams available at Rs 2,360 and 10 grams priced at Rs 2,950. For higher quantities, 100 grams of silver was quoted at Rs 29,500, while 1 kg stood at Rs 2,95,000.

Will Gold & Silver Prices Today Continue Rally on Holika Dahan Amid US, Israel Vs Iran Tension?

"Elevated volatility is the base case for now. If the situation escalates further or if we see crude oil spike as a knock-on effect, gold has room to push higher. That said, markets can turn quickly. Any meaningful de-escalation, a stronger US dollar, or a shift in Federal Reserve rate expectations could bring prices back to consolidation territory fairly swiftly. It is a fluid situation and positioning should reflect that," said Amit Suri, Mutual fund distributor & founder of AUM Wealth.

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