Gold Prices Surge Amid Global Tensions

Market Update

On 2 March, gold prices skyrocketed as markets opened in response to the ongoing war in Iran and escalating tensions in the Middle East. The resulting uncertainty triggered a surge in gold rates, with investors turning to safe-haven assets.

COMEX Gold Rate

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

The COMEX gold rate today reached $5,400 per ounce, marking an intraday increase of 2.50%.

MCX Gold Rate

The MCX gold rate opened at ₹1,65,501 per 10 gm and touched an intraday high of ₹1,67,915 per 10 gm, resulting in a gain of ₹5,500 per 10 gm.

City-wise Gold Prices

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Mumbai

• 24 Karat Gold: ₹1,67,070 per 10 grams (up ₹4,880 from previous day)
• 22 Karat Gold: ₹1,53,148 per 10 grams
• 18 Karat Gold: ₹1,25,303 per 10 grams

Delhi

• 24 Karat Gold: ₹1,66,740 per 10 grams (up ₹4,830 from previous day)
• 22 Karat Gold: ₹1,52,845 per 10 grams
• 18 Karat Gold: ₹1,25,055 per 10 grams

Kolkata

• 24 Karat Gold: ₹1,66,740 per 10 grams (up ₹4,760 from previous day)
• 22 Karat Gold: ₹1,52,845 per 10 grams
• 18 Karat Gold: ₹1,25,055 per 10 grams

Bengaluru

• 24 Karat Gold: ₹1,67,090 per 10 grams (up ₹4,770 from previous day)
• 22 Karat Gold: ₹1,53,166 per 10 grams
• 18 Karat Gold: ₹1,25,318 per 10 grams

Hyderabad

• 24 Karat Gold: ₹1,67,230 per 10 grams (up ₹4,780 from previous day)
• 22 Karat Gold: ₹1,53,294 per 10 grams
• 18 Karat Gold: ₹1,25,423 per 10 grams

Chennai

• 24 Karat Gold: ₹1,67,450 per 10 grams (up ₹4,790 from previous day)
• 22 Karat Gold: ₹1,53,496 per 10 grams
• 18 Karat Gold: ₹1,25,588 per 10 grams

Ahmedabad

• 24 Karat Gold: ₹1,67,180 per 10 grams (up ₹4,770 from previous day)
• 22 Karat Gold: ₹1,53,248 per 10 grams
• 18 Karat Gold: ₹1,25,385 per 10 grams