Gold and silver prices surge in India today due to geopolitical tensions. Check the latest city-wise rates for 22K/24K gold and silver per kg.
New Delhi: Precious metals in India recorded a notable price surge on Wednesday, as investors flocked to safe-haven assets following escalating geopolitical cues and a tightening domestic supply. Both Gold and Silver have erased previous session losses, with Silver jumping by a massive ₹10,000 per kilogram in a single day.
City-wise gold price analysis: Chennai maintains premium
While the national average remained stable, local market dynamics and import duties have caused significant variations across major urban centers. Chennai and Coimbatore continue to lead with the highest retail prices.
| City | 24K Gold (1g) | 22K Gold (1g) | 18K Gold (1g) |
| Chennai | ₹16,419 | ₹15,051 | ₹12,889 |
| Mumbai | ₹16,239 | ₹14,886 | ₹12,180 |
| Delhi | ₹16,254 | ₹14,901 | ₹12,195 |
| Kolkata | ₹16,237 | ₹14,886 | ₹12,180 |
| Bangalore | ₹16,239 | ₹14,886 | ₹12,180 |
| Thiruvananthapuram | ₹16,239 | ₹14,886 | ₹12,180 |
| Ahmedabad | ₹16,244 | ₹14,891 | ₹12,185 |
Analysts suggest that the "Strait of Hormuz" supply concerns and a weakening Rupee against the Dollar are the primary drivers for this mid-week surge.
Silver prices today: The ₹2.9 lakh breakout
Silver has outperformed gold in percentage gains. Driven by heavy industrial demand and international metal trading volatility, the white metal saw a sharp recovery.
Price per gram: ₹290.10
Price per kilogram: ₹2,90,100
Key cities (Chennai, Hyderabad, Kerala): Retail silver is trading at a premium of ₹3,00,000 per kg.
The silver price in India is determined by international prices, which move in either direction. Other than that, it also depends on the currency movement of the rupee against the dollar. If the rupee falls against the dollar and international prices remain stable, silver will become more expensive.
| City | 10 Grams | 100 Grams | 1 Kilogram |
| Chennai | ₹3,001 | ₹30,010 | ₹3,00,100 |
| Mumbai | ₹2,901 | ₹29,010 | ₹2,90,100 |
| Delhi | ₹2,901 | ₹29,010 | ₹2,90,100 |
| Hyderabad | ₹3,001 | ₹30,010 | ₹3,00,100 |
| Kerala | ₹3,001 | ₹30,010 | ₹3,00,100 |
| Ahmedabad | ₹2,901 | ₹29,010 | ₹2,90,100 |
Market outlook: Why are prices rising today?
Geopolitical risk: Renewed uncertainty in West Asia has triggered a "Risk-Off" sentiment, making Gold the preferred hedge for Indian households.
MCX futures: As of March 11, 2026, Gold futures are trading near ₹1,63,201, indicating that the bullish momentum may carry into the weekend.
Currency impact: The Rupee's fluctuation against the USD has made imports costlier, directly passing the burden to the domestic consumer.
Published: 11 Mar 2026, 08:01 am IST
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