Today’s Gold Price :-
If you were planning to buy gold jewellery this weekend, brace yourself. The gold rate in India has shot up by a steep ₹714 per gram — that’s ₹7,140 per 10 grams — in just 24 hours. On February 28, the rate stood at ₹14,760 per gram. Today, on March 1, it has climbed to ₹15,465 per gram for 22-carat gold.
This sharp rise has come as a blow to millions of families across Karnataka and other states who are actively looking to purchase jewellery for the upcoming wedding and auspicious season. Market analysts point to one clear reason: the outbreak of the Iran–Israel war, which has rattled global financial markets and pushed investors toward safe-haven assets like gold.
In this article, you will find today’s gold rate across all major Indian cities, a breakdown by purity (18K, 22K, 24K), today’s silver rate, the reasons behind the price jump, and expert advice on whether you should buy now or wait.
All rates listed here are as of 7:00 AM IST on March 1, 2026. These prices exclude GST, TCS, and making charges. Your final jewellery bill will be higher. Always confirm the latest rate with your local jeweller before purchasing.
What Happened Overnight? The Reason Behind the Price Surge
Gold does not simply change prices without reason. The metal is deeply tied to global events — particularly wars, economic uncertainty, and currency movements. When the world feels unsafe, investors across the globe rush to buy gold, driving its price upward.
The start of armed conflict between Iran and Israel on the last day of February sent shockwaves across international commodity markets. Crude oil prices jumped, the US dollar index fluctuated, and gold — the world’s oldest safe-haven asset — spiked sharply in global markets. India, which imports most of its gold, felt the impact almost immediately.
Market experts warn: if the conflict continues or escalates, gold prices could climb even further in the coming days.
Today’s Gold Rate at a Glance — March 3, 2026
Gold Rates by Purity & Weight – Karnataka (Bangalore)
📊 Rate per gram
| Purity | Rate per Gram |
|---|---|
| 18 Carat | ₹12,653 |
| 22 Carat | ₹15,465 |
| 24 Carat | ₹16,871 |
📊 Rate per 8 grams
| Purity | Rate (8g) |
|---|---|
| 18 Carat | ₹1,01,224 |
| 22 Carat | ₹1,23,720 |
| 24 Carat | ₹1,34,968 |
📊 Rate per 10 grams
| Purity | Rate (10g) |
|---|---|
| 18 Carat | ₹1,26,530 |
| 22 Carat | ₹1,54,650 |
| 24 Carat | ₹1,68,710 |
Gold Rate Today in Major Indian Cities (22 Carat · Per Gram)
Gold prices vary slightly between cities due to local taxes and transport costs. Here is the 22-carat gold rate per gram in key cities today:
📌 Chennai and Hyderabad show slightly higher rates due to local demand and state-level taxes. Rates are subject to change during market hours.
Silver Rate Today – March 3, 2026 (Per Kilogram)
🥈 Silver rates by city
| City | Silver per kg |
|---|---|
| Chennai | ₹3,20,000 |
| Hyderabad | ₹3,20,000 |
| Kerala | ₹3,20,000 |
| Mumbai | ₹2,95,000 |
| Delhi | ₹2,95,000 |
| Kolkata | ₹2,95,000 |
| Bangalore | ₹2,95,000 |
| Pune | ₹2,95,000 |
| Ahmedabad | ₹2,95,000 |
| Vadodara | ₹2,95,000 |
Why Did Gold Prices Rise? Key Factors Explained
Understanding why gold prices move helps you make smarter buying decisions. Here are the main forces at play right now:
- Iran–Israel War: Armed conflict in the Middle East has created global uncertainty. Historically, wars push gold prices up as investors seek safety.
- US Dollar Movement: When the dollar weakens or becomes volatile, gold becomes more attractive globally, raising its price in Indian rupees too.
- Import Duties: India imports most of its gold. Any change in customs duty or shipping costs directly affects domestic rates.
- Wedding Season Demand: March marks the beginning of the auspicious wedding season in South India. Higher demand from buyers naturally pushes prices upward.
- Investor Sentiment: Gold ETFs and digital gold platforms are seeing higher inflows as retail investors hedge against market uncertainty.
Is This the Right Time to Buy Gold?
This is the question on every buyer’s mind right now. The answer depends on your purpose.
If you are buying gold for a wedding or festival that is scheduled in the next 4–6 weeks, waiting may not help. Prices could climb further if the geopolitical situation worsens. Locking in today’s rate through an advance booking at your jeweller is a reasonable step.
If you are buying gold purely as an investment, it is worth watching the market for 2–3 days before deciding. Gold prices can also correct quickly once geopolitical tensions ease.
- Always ask for a BIS Hallmark certificate when buying jewellery. It guarantees purity.
- The rates shown in this article do not include GST (3%), TCS, or making charges. Factor these in before budgeting.
- Compare rates across at least 2–3 jewellers before finalising your purchase.
- Opt for 22-carat gold for jewellery; 24-carat is too soft and better suited for coins/bars.
- Check the live rate on the MCX (Multi Commodity Exchange) for the most up-to-date price before visiting a store.
Conclusion – What Buyers Should Do Today
The gold rate surge of ₹7,140 per 10 grams on March 1, 2026, is significant and directly linked to the onset of the Iran–Israel conflict. With wedding season demand also picking up across Karnataka and other states, gold prices may remain elevated or even rise further in the short term.
If you are a jewellery buyer, make an informed decision — compare hallmarked rates, account for all additional charges, and speak to your jeweller about advance booking options. Keep checking today’s gold rate daily before making a final call.
Bookmark this page and share it with family members who are planning jewellery purchases. Knowledge is the best tool a buyer can have in a volatile gold market.
Frequently Asked Questions
The primary reason is the start of the Iran–Israel war, which triggered a global flight toward safe-haven assets. Gold is traditionally the world’s most trusted store of value during periods of geopolitical conflict. International gold prices rose sharply and India’s domestic market followed immediately.
As of 7:00 AM IST on March 3, 2026, the 22-carat gold rate in Bangalore (Bengaluru) is ₹15,465 per gram, or ₹1,54,650 per 10 grams. These rates exclude GST, TCS, and making charges. The final bill at your jewellery store will be higher.
Q3.What is the difference between 24-carat and 22-carat gold?
24-carat gold is 99.9% pure gold and is the highest purity available. It is ideal for gold bars, coins, and investment purposes but is too soft for everyday jewellery. 22-carat gold contains 91.6% gold mixed with other metals like copper or silver, making it durable and better suited for jewellery making.
Q4. Will the gold price drop in next few days?
Market analysts cannot predict gold prices with certainty. If the Iran–Israel conflict escalates, prices may continue to rise. If tensions ease quickly, a short-term correction is possible. For wedding purchases due soon, many experts recommend locking in today’s rate rather than waiting and risking a further increase.
Q5.Does the gold rate shown include GST and making charges?
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