Gold Price Today [1 March, 2026]: Gold Surges to ₹1.73 Lakh/10g Amid Iran Conflict; International Spot Jumps to $5,299 | Check City-Wise Rates

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Gold Price Today, 1 March 2026: Gold has jumped strongly at home and abroad as escalating Middle East conflict following military action drives investors into safe-haven investments. The precious metal posted its biggest one-day gain in weeks, with domestic prices rising by more than ₹4,000 per 10 grams.

International Gold Price

The global gold market witnessed a dramatic spike as geopolitical risks flared. Spot gold surged to trade at approximately $5,278.05 per ounce, reaching an intraday high of $5,299.00 as investors rushed to safety.

Metric
Value

Spot Gold
$5,278.05 per ounce

Intraday High
$5,299.00

Daily Change
+1.75% (approx.)

Previous Close
$5,194.20

Open
$5,201.90

Low
$5,182.90

Volume
145,216

Open Interest
275,174

Domestic Gold Price (India)

Indian gold rates followed the global rally, with prices surging over ₹4,000 per 10 grams in a single session. The average prices for different purities across major cities are:

You Might Be Interested In

Purity
Price per 10 Grams
Single-Day Change

24K Gold (99.9% Pure)
₹1,73,080
+₹4,370

22K Gold (Jewellery Gold)
₹1,58,650
+₹4,000

18K Gold
₹1,29,810
+₹3,280

Gold (GCW00) Price Chart

Time
Price (USD)

27 Feb, 3:00 pm
$5,201

27 Feb, 8:00 pm
$5,245

28 Feb, 1:00 am
$5,265

28 Feb, 6:00 am
$5,282

28 Feb, 10:28 am IST
$5,247.90

• Open: $5,201.90
• High: $5,299.00
• Low: $5,182.90
• Previous Close: $5,194.20
• Volume: 145,216
• Open Interest: 275,174

Today 24 Carat Gold Rate Per Gram in Delhi (INR)

Gram
Today
Yesterday
Change

1
₹17,323
₹16,473
+ ₹850

8
₹1,38,584
₹1,31,784
+ ₹6,800

10
₹1,73,230
₹1,64,730
+ ₹8,500

100
₹17,32,300
₹16,47,300
+ ₹85,000

Today 22 Carat Gold Price Per Gram in Delhi (INR)

Gram
Today
Yesterday
Change

1
₹15,880
₹15,100
+ ₹780

8
₹1,27,040
₹1,20,800
+ ₹6,240

10
₹1,58,800
₹1,51,000
+ ₹7,800

100
₹15,88,000
₹15,10,000
+ ₹78,000

Today 18 Carat Gold Rate Per Gram in Delhi (INR)

Gram
Today
Yesterday
Change

1
₹12,996
₹12,355
+ ₹641

8
₹1,03,968
₹98,840
+ ₹5,128

10
₹1,29,960
₹1,23,550
+ ₹6,410

100
₹12,99,600
₹12,35,500
+ ₹64,100

City-Wise Domestic Rates (24K per 10g)

Due to regional demand, municipal taxes, and transportation expenses, prices differ slightly amongst major Indian cities. Chennai displays slightly lower prices, while Delhi and Jaipur attract a tiny premium.

City
24K Gold
22K Gold
18K Gold

Delhi
₹1,73,230
₹1,58,800
₹1,29,960

Jaipur
₹1,73,230
₹1,58,800
₹1,29,960

Lucknow
₹1,73,230
₹1,58,800
₹1,29,960

Mumbai
₹1,73,080
₹1,58,650
₹1,29,810

Bangalore
₹1,73,080
₹1,58,650
₹1,29,810

Kolkata
₹1,73,080
₹1,58,650
₹1,29,810

Hyderabad
₹1,73,080
₹1,58,650
₹1,29,810

Pune
₹1,73,080
₹1,58,650
₹1,29,810

Ahmedabad
₹1,73,130
₹1,58,700
₹1,29,860

Chennai
₹1,72,090
₹1,57,750
₹1,29,070

Note: All retail purchases of gold in India attract a 3% GST in addition to the base rates listed above. For jewellery, additional making charges typically range from 5% to 35% depending on the intricacy of the design.

Key Market Drivers

• Geopolitical Risk : The intensification of the US-Israel-Iran confrontation, precipitated by military strikes, has resulted in significant safe-haven flows into precious metals. Gold is being actively purchased by investors as a hedge against the potential for a more significant regional conflict.
• Economic Policy Support: Gold’s function as a structural hedge against currency depreciation and economic uncertainty is further supported by recent U.S. trade actions and consistently high inflation readings.
• Investor Sentiment & Institutional Outlook: According to analysts at top financial institutions like J.P. Morgan, gold has entered a “structural repricing phase,” with long-term targets as high as $6,000 per ounce. The present rally is getting more traction thanks to this institutional support.

Current Market Trends

• Extreme Volatility: The market is experiencing significant volatility; prices spiked by over 2.5% in the last 24 hours following military escalations involving the U.S., Israel, and Iran.
• Safe-Haven Demand: Traditional safe-haven assets are seeing unprecedented inflows as geopolitical risks overshadow other market considerations.
• Technical Breakout: Gold has decisively broken above previous resistance levels, establishing a new higher trading range over ₹1.70 lakh per 10g.

Top Online Platforms to Buy Gold in India (2026)

• Apps for digital gold and savings include Jar (micro-savings), OroPocket (₹1 entry, Bitcoin incentives), Google Pay, PhonePe, and Paytm (MMTC-PAMP partners).
• Jewellery Brand Platforms: Tanishq DigiGold (SafeGold, 350+ stores), CaratLane (jewellery-ready gold), Kalyan Jewellers Candere (bars/coins, doorstep delivery).
• Physical Bullion & Market Platforms: MMTC-PAMP (999.9 purity bars/coins), Zerodha, Groww, Upstox (Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds).

What This Means for Investors

Geopolitical tensions are strengthening gold’s already bullish setup. Trading at ₹1.73 lakh per 10g—close to the January peak of ₹1.84 lakh—gold could retest record highs if tensions continue. Resistance at ₹1.80 lakh per 10g and support at ₹1.65 lakh are important levels. With SIPs in gold ETFs or digital gold providing a consistent means to profit while lowering timing risk, the recovery from February lows supports gold’s function as a crisis hedge for long-term investors.