The increase comes after both metals had a recent decline, but Indian domestic prices are still lower than they were in March. According to market data, silver is far below its most recent peak of $121.64 while gold is still trading below its January 2026 record of $5,608.35 per ounce.
For guidance, traders continue to monitor currency fluctuations, geopolitical news, and technical price levels.
Gold price today: international trend and key technical levels
Spot gold is trading in a narrow range of $5,167.00 and $5,181.30 per ounce on March 7, 2026. With buyers intervening at that support level, the metal has recovered from a recent intraday low close to $5,071. While the recent record from January 2026 remains far away, market participants now view the $5,185 area as a near term resistance target.
This global movement in the price of gold is influenced by several variables. Money continues to flow into safe haven assets due to the escalating violence in the Middle East. After prices got close to support at $5,071, a technical bounce appeared.
The use of gold as a hedge is further supported by mixed global economic data, particularly when investors seek diversification from stocks and currencies.
Gold price today: domestic bullion rates across India
Indian gold prices continue to trade below the most recent record set on March 1, 2026, despite mirroring the global rebound. By that time, the price of 24K gold in India had increased to almost ₹1.73 lakh per 10 grams.
By March 7, 2026, 24K prices have decreased but are still high, ranging from ₹1.61 lakh to ₹1.63 lakh per 10 grams in major markets.
In the retail sector, price disparities across purities are still evident. Gram based movements are extensively monitored by investors and jewellers. Despite rising overseas quotes, the most recent readings show 24K, 22K, and 18K rates that are all marginally lower than the previous session.
This takes into account the implications of taxes and manufacturing charges, as well as local dealer margins and currency fluctuations.
Gold price today: 24K, 22K and 18K rates by weight
Indian retail prices for 24K gold on March 7, 2026, were lower than levels on March 6, 2026, for all weights. The price of a single gram is ₹16,113, which is ₹175 less than the previous ₹16,288.
The benchmark 10 gram price drops to ₹1,61,130 from ₹1,62,880 previously, suggesting lower domestic prices even in the midst of a worldwide recovery.
The trend is comparable for 22K jewellery grade gold, showing modest drops over important weights. The price of one gram has decreased from ₹14,930 to ₹14,770.
Prices drop from ₹1,49,300 to ₹1,47,700 at the 10 gram level. A decrease of ₹14,77,000 for larger bulk purchases of 100 grams suggests a daily drop of ₹16,000.
Prices for 18K gold, which is frequently used in designer and lightweight jewellery, also significantly decrease. On March 6, 2026, one gram was worth ₹12,216; now, it is worth ₹12,085.
The value of ten grams changes from ₹1,22,160 to ₹1,20,850. The pricing decreases to ₹12,08,500 at the 100 gram threshold, indicating a ₹13,100 change in just one day.
Gold price today: city-wise 24K, 22K and 18K rates
On March 7, 2026, major Indian towns had a slight price dispersion for gold, with Chennai continuing to quote a premium. Chennai lists ₹16,320 for one gram of 24K, but the majority of other metro areas, such as Bangalore, Mumbai, and Kolkata, trade close to ₹16,113.
The 22K and 18K rates have similar spreads, which are indicative of local market conditions and regional demand.
| City | 24K | 22K | 18K |
| Delhi | Rs 16,128 | Rs 14,785 | Rs 12,100 |
| Mumbai | Rs 16,113 | Rs 14,770 | Rs 12, 085 |
| Chennai | Rs 16,320 | Rs 14,960 | Rs 13,030 |
| Kolakata | Rs 16,113 | Rs 14,770 | Rs 12,085 |
| Bangalore | Rs 16,113 | Rs 14,770 | Rs 12,085 |
| Hyderabad | Rs 16,113 | Rs 14,770 | Rs 12,085 |
Chennai is once again at the top of the metro area when measured per 10 grams for 24K. Bangalore, Mumbai, and Kolkata display ₹1,61,130, while Delhi quotes ₹1,61,280.
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When compared to other major cities, Chennai’s level of ₹1,63,200 per 10 grams highlights a premium of more than ₹2,000, indicating more regional buying interest.
Gold price today: global comparison of 24K rates
Once converted into rupees, the price of gold per gram varies greatly between major economies. The US recorded $169.50 per gram on March 7, 2026, or roughly ₹15,583.
