Gold prices in India fell today after a recent rally. Check the latest 24K, 22K & 18K gold rates in major cities and understand why prices are volatile. See today's silver rates!
Gold prices in India slipped on Tuesday despite continuing geopolitical tensions in the Middle East that have kept global markets on edge. After witnessing a sharp rally in the previous session driven by safe-haven demand, bullion prices saw profit-booking, resulting in a marginal decline across major cities.
- 24K gold fell by ₹49 to ₹17,002 per gram
- 22K gold declined by ₹45to ₹15,585 per gram
- 18K gold dropped by ₹36 to ₹12,752 per gram.
The correction follows a recent surge in prices triggered by global uncertainty. While gold typically benefits during periods of war and instability, short-term pullbacks are common after steep upward movements as investors lock in gains.
Gold rates in major Indian cities (per gram)
| City | 24K (₹) | 22K (₹) | 18K (₹) |
|---|---|---|---|
| Chennai | 17,073 | 15,650 | 13,400 |
| Mumbai | 17,002 | 15,585 | 12,752 |
| Delhi | 17,017 | 15,600 | 12,767 |
| Kolkata | 17,002 | 15,585 | 12,752 |
| Bangalore | 17,002 | 15,585 | 12,752 |
| Hyderabad | 17,002 | 15,585 | 12,752 |
| Thiruvananthapuram | 17,002 | 15,585 | 12,752 |
| Pune | 17,002 | 15,585 | 12,752 |
| Vadodara | 17,007 | 15,590 | 12,757 |
| Ahmedabad | 17,007 | 15,590 | 12,757 |
Why gold prices are volatile
Market participants remain cautious as ongoing conflict in the Middle East continues to influence investor sentiment. Gold is widely regarded as a hedge against inflation, currency depreciation and geopolitical risks, which explains the recent spike in prices.
However, analysts note that temporary corrections are natural in a volatile market environment, especially after rapid gains.
Silver prices in India today
Silver prices also showed significant fluctuation during the session. After declining earlier in the day, rates rebounded amid global uncertainty and currency movements.
Silver rate in major cities in India today
| City | 10 Gram | 100 Gram | 1 Kg |
|---|---|---|---|
| Chennai | ₹3,150 | ₹31,500 | ₹3,15,000 |
| Mumbai | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Delhi | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Kolkata | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Bangalore | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Hyderabad | ₹3,150 | ₹31,500 | ₹3,15,000 |
| Thiruvananthapuram | ₹3,150 | ₹31,500 | ₹3,15,000 |
| Pune | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Vadodara | ₹2,950 | ₹29,500 | ₹2,95,000 |
| Ahmedabad | ₹2,950 | ₹29,500 | ₹2,95,000 |
What drives gold and silver prices in India?
Gold and silver prices in India are influenced by several factors, including:
- International bullion market trends
- US dollar movements
- Rupee-dollar exchange rate
- Geopolitical developments
- Inflation expectations
A weaker Indian rupee typically pushes domestic bullion prices higher, as imports become more expensive even if global rates remain steady.
Published: 03 Mar 2026, 10:29 am IST
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