Due to the tension in the Middle East, the prices of precious metals reached the seventh sky on Monday. A huge jump was recorded in the prices of gold and silver in the futures market on Monday. At 9:55 am in the Multi Commodity Exchange (MCX), the price of gold for the delivery contract of April 2, 2026 reached Rs 1,67,155 per 10 grams, a strong rise of 3.12 percent compared to the previous session. At the same time, silver prices also rose by 3.04 per cent to ₹2,91,249 per kg for delivery contract in May 2026.
spot price of gold in metros
Today (2 March 2026) a slight difference is being seen in the price of gold in major cities of India. The prices of 24 carat, 22 carat and 18 carat gold in various cities are as follows (per gram):
Delhi:
24 carat: ₹16,995
22 carat: ₹15,580
18 carat: ₹12,750
Mumbai:
24 carat: ₹16,980
22 carat: ₹15,565
18 carat: ₹12,735
Kolkata:
24 carat: ₹16,980
22 carat: ₹15,565
18 carat: ₹12,735
Chennai:
24 carat: ₹17,084
22 carat: ₹15,660
18 carat: ₹13,400
Bangalore:
24 carat: ₹16,980
22 carat: ₹15,565
18 carat: ₹12,735
gold in global market
The price of gold rose more than 1% on Monday to cross $5,370 an ounce, its highest in over a month, according to tradingeconomics. This rise was due to increased demand for safe-haven following the joint attacks on Iran by the US and Israel. Gold posted its seventh consecutive monthly gain in February, the longest such rising streak since 1973. The trend was also driven by geopolitical tensions, US President Trump’s realignment of international relations and strong buying by central banks. Apart from this, migration of investors from government bonds and currencies to gold is also supporting the rally.
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