Gold and Silver Prices Surge on Geopolitical Tensions: March 2, 2026
Gold and Silver Prices Surge on Geopolitical Tensions: March 2, 2026
Gold and silver prices jumped sharply amid rising tensions in the Middle East, as growing uncertainty pushed investors toward safe-haven assets. Market experts say that escalating geopolitical risks can trigger a swift rally in precious metals. During periods of conflict and instability, investors typically shift their funds to gold and silver, which are widely regarded as reliable safe-haven investments. These metals tend to preserve value when fiat currencies, stock markets, and real estate experience high volatility or potential losses.
As the US-Iran conflict continues to develop, analysts expect gold and silver to remain in focus at the start of the week, with possible strong movements in prices on Monday.
Gold Prices in India
According to GoodReturns, the price of 24-carat gold had increased by Rs 10, trading at Rs 17,309 per gram and Rs 1,73,090 per 10 grams. Meanwhile, 22-carat gold is priced at Rs 15,866 per gram and Rs 1,58,660 per 10 grams. The rate for 18-carat gold stands at Rs 12,982 per gram and Rs 1,29,820 per 10 grams in the domestic market.
Gold Rate Today in Major Indian Cities
The gold price in Noida is Rs 16,205 per gram, while 10 grams of 24K gold is priced at Rs 1,61,900. In Chennai, the price of 24-carat gold is Rs 17,210 per gram, while 22-carat gold is selling at Rs 15,766 per gram and 18-carat gold at Rs 13,501 per gram. In Mumbai, 24-carat gold is priced at Rs 16,158 per gram, 22-carat gold at Rs 15,866 per gram, and 18-carat gold at Rs 12,982 per gram.
Delhi, 24-carat gold is trading at Rs 17,324 per gram, while 22-carat gold is available at Rs 15,881 per gram and 18-carat gold at Rs 12,997 per gram. Kolkata recorded rates to Mumbai, with 24-carat gold at Rs 17,309 per gram, 22-carat at Rs 15,866 per gram, and 18-carat at Rs 12,982 per gram.
Silver Prices Remain Stable
The price of silver in India today stands at Rs 294.90 per gram and Rs 2,94,900 per kilogram. Silver prices in the country are largely influenced by international market trends, which can fluctuate in either direction. Apart from global rates, the movement of the Indian rupee against the US dollar also plays a key role. If the rupee weakens against the dollar while international prices remain steady, silver becomes more expensive in the domestic market.
Check Gold Price City-Wise Today (2 March 2026) (Rs /gram)
| City | 24K Today | 22K Today | 18K Today | |-----------|-----------|-----------|-----------| | Chennai | ₹17,210 | ₹15,776 | ₹13,501 | | Mumbai | ₹17,309 | ₹15,866 | ₹12,982 | | Delhi | ₹17,324 | ₹15,881 | ₹12,997 | | Kolkata | ₹17,309 | ₹15,866 | ₹12,982 | | Bangalore | ₹17,309 | ₹15,866 | ₹12,982 | | Hyderabad | ₹17,309 | ₹15,866 | ₹12,982 |
