Gold rates and silver rates in India zoomed on March 2, with MCX gold price and silver price rising by around 3% each. This is a bullish start to the month of March. The performance tracked the spot gold price, which climbed by 2% to trade around the $5,370 per ounce level, which takes the bullion to a one-month high. Spot silver also gained significantly to trade near $96 per ounce.
The war between the US and Israel versus Iran has kaboomed in the Middle East. Major commanding leaders of the Islamic Republic country have been wiped out, with supreme leader Ali Khamenei being the most prominent death during the weekend. The Strait of Hormuz, one of the world's most strategically important choke points for global oil and gas trade, is back in the limelight.
Meanwhile, six other countries are pulled into the war as Iran bombards Israel, Jordan, Qatar, Kuwait, Oman, Bahrain and the UAE. Amidst the tensions, the United Arab Emirates (UAE) has declared a stock market holiday for two days. Also, Hezbollah has joined Iran to attack Israel.
The geopolitical risks globally makes precious metals attractive.
Furthermore, as per Trading Economics, in the US, data on Friday showed producer prices rose more than expected in January, suggesting companies are passing tariff costs to consumers and complicating the path for Federal Reserve rate cuts. Markets are still pricing in two 25-basis-point rate cuts this year amid speculation that recent turmoil could push the central bank to ease monetary policy.
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Mar 02, 2026, 8:37 pm IST
Gold Rates & Silver Rates Today: MCX Gold Beats Silver In Closing Bell
MCX gold with April 2026 expiry, outperformed silver prices during the closing bell. The bullion ended at Rs 1,66,900 per 10 grams, up by Rs 4,796 or 2.96%. While MCX silver erased major gains and closed at Rs 2,83,416 per 1Kg, up by Rs 788 or 0.3%. This comes after silver touched an intraday high of Rs 2,97,799 per 1Kg.
Mar 02, 2026, 1:21 pm IST
Silver Rates Today Live: Silver Rates In India Beats Gold
Gram
Today
Yesterday
Change
1
₹330
₹295
+ ₹35
8
₹2,640
₹2,360
+ ₹280
10
₹3,300
₹2,950
+ ₹350
100
₹33,000
₹29,500
+ ₹3,500
1000
₹3,30,000
₹2,95,000
+ ₹35,000
Silver rates in India outperformed gold on Monday, March 2, as the prices rallied significantly despite gold rates in India crashing sharply. Gold rates have dropped across 24 carats, 22 carats and 18 carats, but 1 kg of silver has skyrocketed to hit Rs 3.30 lakh mark.
Gold rates in India crashed sharply on March 2, reversing their previous day's gains. The decline across 24 carats, 22 carats and 18 carats is despite MCX gold and spot gold prices rallying on the market. One of the key reasons to why the physical gold price has come under pressure is due to strengthening in dollar price and a gloomy scenario in future rate cuts from the US Federal Reserve. The gold rates ignored the intensifying tensions in the Middle East on Monday.
Gold Rates In India Today Live: 18 Carat Gold Prices Drop Today
Gram
Today
Yesterday
Change
1
₹12,735
₹12,981
-246
8
₹1,01,880
₹1,03,848
-1,968
10
₹1,27,350
₹1,29,810
-2,460
100
₹12,73,500
₹12,98,100
-24,600
Under 18 carat, gold price declined by 2,460 in 10 grams to Rs 1,27,350 and dropped by Rs 24,600 to Rs 12,73,500 in 100 grams. Additionally, gold rates in 8 grams is down by Rs 1,968 to Rs 1,01,880 and 1 gram edged lower by Rs 246 to Rs 12,735.
Mar 02, 2026, 11:46 am IST
Gold Rates In India Today Live: 22 Carat Gold Prices Fall
Gram
Today
Yesterday
Change
1
₹15,565
₹15,865
- ₹300
8
₹1,24,520
₹1,26,920
- ₹2,400
10
₹1,55,650
₹1,58,650
- ₹3,000
100
₹15,56,500
₹15,86,500
- ₹30,000
In case of 22 carat gold price, 10 grams gold dropped by Rs 3,000 to Rs 1,55,650 and 100 grams gold plummeted by Rs 30,000 to Rs 15,56,500. Also, 8 grams gold contracted by Rs 2,400 to Rs 1,24,520 and 1 gram gold edged lower by Rs 300 to Rs 15,565.
Mar 02, 2026, 11:45 am IST
Gold Rates In India Today Live Updates: 24 Carat Gold Price Crashes Today
Gram
Today
Yesterday
Change
1
₹16,980
₹17,309
- ₹329
8
₹1,35,840
₹1,38,472
- ₹2,632
10
₹1,69,800
₹1,73,090
- ₹3,290
100
₹16,98,000
₹17,30,900
- ₹32,900
24 carat gold price plunged by Rs 32,900 in 100 grams to Rs 16,98,000, while 10 grams gold price tumbled by Rs 3,290 to Rs 1,69,800. Further, 8 grams gold price in 24 carat slipped by Rs 2,632 to Rs 1,35,840 and 1 gram gold edged lower by Rs 329 to Rs 16,980.
Mar 02, 2026, 10:46 am IST
Silver Rates Today Live: Spot Silver Price Outlook
COMEX Silver is trading near – after a strong recovery from recent lows. The broader bullish structure remains intact on higher timeframes. Prices have reclaimed major moving averages, signalling a transition from correction toward potential renewed strength. Strong buying interest is evident in the – support zone. A sustained recovery above 0–5 could reignite momentum toward 0–5 and potentially retest previous highs. Medium- to long-term outlook remains constructive, amid favorable global cues from geopolitical developments and safe-haven buying, even with ongoing volatility: Ponmudi R, CEO of Enrich Money.
Mar 02, 2026, 10:45 am IST
Gold Rates Today Live: Spot Gold Price Outlook
COMEX Gold is trading in the ,300–,500 zone following consolidation in recent sessions. The price is in strong upward momentum following a gap up, with the broader uptrend remaining firmly intact. Prices continue to hold firmly above the key moving averages in the resistance zone of the prior all-time high gradually edging higher, signaling strengthening momentum. Strong buying interest is visible in the ,100–,200 support band. A sustained breakout above ,500–,600 could open the path toward fresh record highs: Ponmudi R, CEO of Enrich Money.
Mar 02, 2026, 10:44 am IST
Gold Rates Today Live: MCX Gold Price Weekly Outlook
MCX Gold futures are trading in the 1,65,000–1,70,000 range after consolidating post the sharp correction from all-time highs near 1,80,000–1,81,000. While price currently in short-term consolidation with a positive tilt, holding firm above critical support zones. Robust buying interest persists in the ₹1,58,000–1,62,000 demand band following the recent surge driven by Middle East tensions. A sustained hold above this base, followed by a breakout above 1,65,000, may revive momentum toward 1,70,000–1,75,000, preserving a bullish medium-term perspective: Ponmudi R, CEO of Enrich Money.
In the early trade, MCX silver price skyrocketed to hit an intraday high of Rs 2,93,152 per 1Kg before correcting. MCX silver currently traded higher by 2.3% or Rs 6,374 to Rs 2,89,018 per 1Kg.
Mar 02, 2026, 10:40 am IST
Gold Rates Today Live: MCX Gold Jumps Nearly 4%
MCX gold price rallied by nearly 4% to hit an intraday high of Rs 1,67,915 per 10 grams. At the time of writing, the bullion traded at Rs 1,66,798 per 10 grams, higher by Rs 4,694 or 2.90%. Gold futures have surged due to rising geopolitical tensions in Middle East as Iran launches airstrikes against six neighbouring countries, while US and Israel together bombard Islamic regime and its proxy Hezbollah in Lebanon.
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