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On the MCX, the price of gold increases 1.14% to trade at Rs 1,62,820 per 10 grams in the early trade on Wednesday, while silver rises 0.82% to Rs 2,67,500 per kg.
Gold Price Today, March 4.
Gold and Silver Rates Today, March 4: Gold and silver prices in India rose on March 4, rebounding from a more than one-week low hit in the previous session, amid escalating conflict between the US, Israel, and Iran. On the MCX, the price of gold increased 1.14% to trade at Rs 1,62,820 per 10 grams in the early trade on Wednesday, while silver rose 0.82% to Rs 2,67,500 per kg.
In the spot market, in Mumbai, the price of 24-carat gold increased to Rs 1,62,900 per 10 grams, while 22k gold was available at Rs 1,47,800 per 10 grams. These rates do not include GST and making charges.
Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On March 4?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,47,600 | Rs 1,62,700 |
| Jaipur | Rs 1,47,600 | Rs 1,62,700 |
| Ahmedabad | Rs 1,47,650 | Rs 1,61,750 |
| Pune | Rs 1,47,800 | Rs 1,62,900 |
| Mumbai | Rs 1,47,800 | Rs 1,62,900 |
| Hyderabad | Rs 1,47,800 | Rs 1,62,900 |
| Chennai | Rs 1,47,800 | Rs 1,62,900 |
| Bengaluru | Rs 1,47,800 | Rs 1,62,900 |
| Kolkata | Rs 1,47,800 | Rs 1,62,900 |
On Tuesday, bullion fell more than 4% to its lowest since February 20, weighed by a firmer dollar and dimming rate-cut prospects as inflation concerns were intensified by fears of a potentially prolonged Middle East conflict.
“I think for gold to shrug this off over the course of a number of days wouldn’t be surprising because it has tended into its own narrative and has been resilient despite whatever the dollar is doing, despite what yields have been doing since the beginning of last year,” said Ilya Spivak, head of global macro at Tastylive, according to Reuters.
Global oil and gas prices surged as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.
Global stock markets slid as the disruption of Middle East energy supplies exacerbated investor concerns about inflation.
“Higher oil prices as a result of escalating geopolitical tensions in Iran added to inflationary concerns and complicated the outlook for monetary easing,” said Christopher Wong, a strategist at OCBC.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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March 04, 2026, 09:07 IST
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