Gold Rates In India Today Fall For 2nd Day In Row, Silver Prices Crash Too; 24K, 22K, 18K Gold Prices On Mar 3

Gold rates in India dropped for the second day in a row on March 3, extending their selling pressure. 24 carat, 22 carat and 18 carat gold prices declined due to firmness in dollar index amidst geopolitical crisis. Also, the performance is amidst huge festival season as India celebrates Holi, Holika Dahan, Dol Purnima and Attukal Pongala across major states. Meanwhile, MCX market will be closed for the first half of March 3 due to these festivals, and the trading will resume in the evening. Silver rates in India have plunged as well.

Gold Rates In India Today

Today 24 Carat Gold Rates:

10 grams gold price plunged by Rs 490 to Rs 1,70,020, while 100 grams gold price dropped by Rs 4,900 to Rs 17,00,200. Also, 8 grams gold price and 1 grams gold is down by Rs 392 and Rs 49 to Rs 1,36,016 and Rs 17,002.

Yesterday, 10 grams and 100 grams gold plunged by Rs 2,580 and Rs 25,800 respectively.

Today 22 Carat Gold Rates:

22 carat gold prices slipped by Rs 450 to Rs 1,55,850 and 100 grams gold price declined by Rs 4,500 to Rs 15,58,500. Further, 8 grams gold price is down by Rs 360 to Rs 1,24,680 and 1 grams gold edged lower by Rs 45 to Rs 15,585.

Today 18 Carat Gold Rates:

Under 18 carat, gold prices dropped by Rs 3,600 to Rs 12,75,200 in 100 grams and plunged by Rs 360 to Rs 1,27,520 in 10 grams. Also, 8 grams gold is down by Rs 288 to Rs 1,02,016 and dropped by Rs 36 to Rs 12,752 per 1 gram.

Silver Rates In India

Silver rates in India crashed as well. 1Kg silver is down by Rs 20,000 to Rs 2.95 lakh, while 100 grams and 10 grams silver prices have dropped by Rs 2,000 and Rs 200 to Rs 29,500 and Rs 2,950.

MCX Trading Holiday

Due to the celebration of Holi festival, all market exchanges in India are closed including MCX, BSE, and NSE. However, the commodity market at MCX will resume their trading as per their evening schedule.

The evening session at MCX will begin from 5pm to 11.30 pm and will fully closed at 11.55 pm after settlement of buys and sells.

The normal trading is usually between 9.15 am to 4.30 pm on weekdays.

MCX Gold Price

Yesterday, MCX gold surged by around 3%. As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, gold prices surged sharply with MCX touching Rs 1,68,700 as CME gold rallied close to $5,400, gaining nearly 2% amid renewed tensions involving the U.S., Israel and Iran. Escalating war-like developments across the Middle East have intensified safe-haven demand, keeping bullion firmly bid despite already elevated levels.

Gold Rates In Top 10 Cities:

Gold rates in majority of cities stood at Rs 1,70,20 per 10 grams/24 carat in Mumbai, Kolkata, Bengaluru, Pune, Kerala and Hyderabad. But gold is expensive at Rs 1,70,070 in Vadodara and Ahmedabad, while at Rs 1,70,170 in Delhi. Gold is most expensive in Chennai at Rs 1,70,730 per 10 grams.

The price of cheapest gold in India is at Rs 17,002 per gram for 24 karat gold, Rs 15,585 per gram for 22 karat gold and Rs 12,752 per gram for 18 karat gold (also called 999 gold).

City	24K Today	22K Today	18K Today
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
Kerala	₹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

Gold Rates In India Prediction Ahead:

In Trivedi's opinion, the week ahead remains data-heavy for the U.S., with Manufacturing and Non-Manufacturing PMI, ADP Non-Farm Employment Change and Unemployment data lined up all of which could inject further volatility into prices as participants reassess Fed policy expectations.

Also, he added, "Technically, gold maintains a strong bullish structure as long as it holds above Rs 1,64,000, which now acts as a crucial support zone. On the higher side, Rs 1,72,000 remains the immediate resistance; a sustained break above this level could open the path for further upside momentum. Volatility is expected to stay elevated given geopolitical risks and macro data triggers."

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