The price of gold has increased due to increased tension in the Middle East due to the Israel-Iran war. On the morning of March 2, the price of 24 carat gold in the capital Delhi reached ₹ 173,240 per 10 grams. This price in Mumbai is ₹ 173,090 per 10 grams. 24 carat gold has become costlier by ₹ 9,430 in a week. At the same time, the price of 22 carat gold has increased by ₹ 8,550. In the international market, gold rose by more than 2 percent to $5,390 an ounce in early trade on Monday.
On February 28, 2026, Israel and America declared open war against Iran and carried out air strikes. Within hours, Iran retaliated by launching missile and drone attacks on Israel. Iran has also attacked more than half a dozen countries in the Middle East. Iran’s Supreme Leader Ayatollah Ali Khamenei died on the very first day of the Israeli attack. If the fight intensifies, the shine of gold and silver is sure to increase further.
Gold rates in some big cities of the country
Gold Price in Delhi: 24 carat gold price in Delhi is ₹173,240 per 10 grams. The price of 22 carat gold is ₹158,810 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, the price of 22 carat gold in Mumbai, Chennai and Kolkata is ₹158,660 per 10 grams, while the price of 24 carat gold is ₹173,090 per 10 grams.
Price in Pune and Bengaluru: The price of 24 carat gold in these two cities is ₹173,090 per 10 grams and the price of 22 carat gold is ₹158,660 per 10 grams.
price of silver
Another precious metal, silver is seeing a decline in the morning of March 2. The price is ₹294,900 per kg. Silver prices have increased by ₹20,000 in the last one week. On Friday, February 27, the price of silver in the Delhi bullion market fell by ₹ 2,500, or about one percent, to ₹ 268,000 per kg.