Gold Prices Soar: ₹1.73 Lakh/10g Amid Iran Tensions, International Rate $5,299
Gold prices have surged significantly in recent days, driven by escalating tensions in the Middle East. Investors are flocking to safe-haven assets amid geopolitical uncertainties, resulting in notable increases in both domestic and international markets.
Gold Prices on the Rise: ₹1.73 Lakh/10g Amid Escalating Tensions
As of March 1, 2026, the price of 24K gold in India has skyrocketed to ₹1,73,080 per 10 grams, marking an increase of ₹4,370. This surge follows an international trend where spot gold has jumped to about $5,278.05 per ounce, with an intraday peak reaching $5,299.00.
International Gold Market Overview
- Current Spot Gold Price: $5,278.05 per ounce
- Intraday High: $5,299.00
- Daily Change: +1.75%
- Previous Close: $5,194.20
- Opening Price: $5,201.90
- Low: $5,182.90
- Trade Volume: 145,216
- Open Interest: 275,174
Domestic Gold Rates in Major Indian Cities
The recent international surge has positively impacted Indian gold prices. The prices for various purities in several cities are as follows:
| City | 24K Gold (₹ per 10g) | 22K Gold (₹ per 10g) | 18K Gold (₹ per 10g) |
|---|---|---|---|
| Delhi | ₹1,73,230 | ₹1,58,800 | ₹1,29,960 |
| Jaipur | ₹1,73,230 | ₹1,58,800 | ₹1,29,960 |
| Mumbai | ₹1,73,080 | ₹1,58,650 | ₹1,29,810 |
| Chennai | ₹1,72,090 | ₹1,57,750 | ₹1,29,070 |
Market Drivers Influencing Gold Prices
Several factors are contributing to the rising demand for gold:
