Gold & Silver Prices Today (3 March):As the country prepares for Holi, bullion markets are witnessing sharp movements in precious metal prices. While the Multi Commodity Exchange (MCX) remains closed for the holiday morning session, international pressure and safe-haven demand have driven local quotations sharply higher in parts of the country
Gold & Silver Prices Today (3 March)
As of market close and live city-wise tracking:
- 24-carat gold (99.9 %) stands around ₹17,002 per gram, slightly down on intraday moves, with ₹1,70,020 per 10 grams
- 22-carat gold (91.6 %) trades at about ₹15,585 per gram.
- 18-carat gold is near ₹12,752 per gram.
Citywise Gold Prices
City-specific quotes show some variation due to local taxes and dealer margins. In Delhi 24 K gold prices reach ₹17,066 per gram which equals approximately ₹17,0660 per 10 grams. The current price approaches the highest seasonal rates.
- Delhi: ₹1,70,660
- Mumbai: ₹1,70,510
- Chennai: ₹1,70,840
- Kolkata: ₹1,70,510
- Bangalore: ₹1,70,510
- Hyderabad: ₹1,70,510
- Pune: ₹1,70,510
- Ahmedabad: ₹1,70,560
Silver Prices Today
- 1 gram silver is approximately ₹295
- 10 grams around ₹2,950
- 100 grams around ₹29,500
1 kilogram silver ranges around ₹2,95,000 although in some cities like Chennai and Hyderabad it is trending slightly higher near ₹3,15,000/kg.
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What Buyers and Investors Should Know?
Market Context: Gold and silver are traditionally sought as safe-haven assets during times of uncertainty. International price support remains active because ongoing geopolitical conflicts continue to escalate.
International Influence: Global benchmarks like COMEX spot gold are trading above $5,300 per ounce which leads to cautious investor behavior and maintains high worldwide prices.
Domestic Demand: The current market condition forces consumers to delay their purchasing decisions because festival season has not yet reached its peak despite high price levels. Retail consumers stay away from purchasing while investors continue to show demand for products.
