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Gold Rates In India Today Crash By Rs 31,100, Third Fall This Week; 24K, 22K, 18K Gold Prices On March 4
Gold rates in India crashed for third consecutive day on March 4, 2026, extending its losing streak for third consecutive day this week. Physical gold prices across 24 carats, 22 carats, and 18 carats are under pressure since Monday, despite geopolitical crisis going extreme in Middle East. The US and Israel's war against Iran has put Middle East on hotbed, threatening to impact economies and regions.
While physical gold prices have continued to plunge, the trading in bullion at MCX and the international market has continued to be volatile.
Today Gold Rates In India:
24 Carat Gold Rates Today:
24 carat which is 100% pure gold, dropped steeply and the most in India. 10 grams in this carat plunged by Rs 3,110 to Rs 1,64,510, while 100 grams gold price tumbled the most by Rs 31,100 to Rs 16,45,100. The price of 8 grams gold dropped by Rs 2,488 to Rs 1,31,608 and 1 gram gold slipped by Rs 311 to Rs 16,451.
22 Carat Gold Rates Today:
Following the trend in 24 carat, the gold rates in 22 carats also dropped by Rs 2,850 in 10 grams to Rs 1,50,800, and nosedived by Rs 28,500 in 100 grams to Rs 15,08,000. The gold prices in 8 grams and 1 gram declined by Rs 2,280 and Rs 285 to Rs 1,20,640 and Rs 15,080 respectively.
18 Carat Gold Rates Today:
Under 18 carat, gold rates dipped by Rs 2,340 to Rs 1,23,380 per 10 grams, while 100 grams gold is down by Rs 23,400 to Rs 12,38,000. The 8 grams gold price slipped by Rs 1,872 to Rs 98,704 and 1 gram gold is lower by Rs 234 to Rs 12,338.
Why Gold Rates Are Falling In India?
Dollar index has firmed up and is currently trading near 99 against a basket of currencies. Any upside in dollar makes gold assets less attractive.
Physical gold prices declined in India after spot gold and silver plunged by 5% and 8% in the previous session. The MCX market was closed on Tuesday and resumed trading in the evening session.
As per Axis Securities, pressured by a stronger U.S. dollar and rising inflation concerns that dampened safe-haven demand despite escalating geopolitical tensions. Higher fuel costs lifted bond yields, prompting markets to reassess the Federal Reserve's policy outlook.
The analysts at the broker explained that the stronger US dollar and rising inflation concerns curbed demand for safe-haven assets amid escalating geopolitical tensions. Expectations for the next Fed rate cut have shifted from July to September, though two 25-bps reductions remain priced in.
Gold Rates In India Prediction:
"With tensions in the Middle East intensifying and energy prices rising, safe-haven demand for gold continues to build. As long as gold sustains above the $5,200 zone, the momentum favors a move toward $5,450-5,600 in the near term. Dips are likely to attract strategic buying rather than aggressive selling," said Prithviraj Kothari, Managing Director at RiddiSiddhi Bullion.
While short-term volatility will remain high due to geopolitical headlines and US economic data, he said, the broader bias for both metals stays constructive, with corrections likely to be shallow and temporary.
Gold Rates In Top Cities In India Today:
| City | 24K Today | 22K Today | 18K Today |
|---|---|---|---|
| Chennai | ₹16,582 | ₹15,200 | ₹13,100 |
| Mumbai | ₹16,451 | ₹15,080 | ₹12,338 |
| Delhi | ₹16,466 | ₹15,095 | ₹12,353 |
| Kolkata | ₹16,451 | ₹15,080 | ₹12,338 |
| Bangalore | ₹16,451 | ₹15,080 | ₹12,338 |
| Hyderabad | ₹16,451 | ₹15,080 | ₹12,338 |
| Kerala | ₹16,451 | ₹15,080 | ₹12,338 |
| Pune | ₹16,451 | ₹15,080 | ₹12,338 |
| Vadodara | ₹16,456 | ₹15,085 | ₹12,343 |
| Ahmedabad | ₹16,456 | ₹15,085 | ₹12,343 |
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