Updates on Gold and Silver Prices: On Tuesday, March 3, gold prices rose for the sixth consecutive session. In the midst of growing tensions in the Middle East, silver prices turned positive even though they closed lower on Monday.
Today, the COMEX gold rate was trading above $5,300, up almost 1%. Similarly, the COMEX silver rate started the day higher and reached an intraday high of $91.61 per ounce.
Due to Holi 2026, the Multi Commodity Exchange (MCX) will be closed for trading in the first half of Tuesday, March 3. However, trade will resume in the evening session today from 5 to 11 p.m.
The MCX saw a 2.53% increase in gold prices on Monday, closing the session at ₹1,66,199 per 10 kilos. At ₹2,80,090 per kilogram, silver prices on MCX concluded Monday’s trading session in the red.
Despite Tehran’s attacks on oil and gas infrastructure and threats to regional marine trade, Donald Trump declared that the US would keep up its military campaign against Iran for as long as necessary.
The ensuing increase in energy costs has heightened concerns about inflation in the United States, impacting Treasury prices and bolstering predictions that the Federal Reserve may maintain unchanged interest rates for an extended length of time.
Can gold prices touch the ₹2 lakh mark amid the ongoing US-Iran war?
Growing global tensions, according to experts, might lead to a significant increase in precious metals. Additionally, analysts suggested that rising tensions might push silver prices above $100.
Global trends in gold and silver price today
After reaching a new record intraday high of $5,417.34, spot gold is currently trading at $5,387.10 per ounce on foreign markets.
The range of intraday gains is 1.76% to 2.5%, reflecting strong risk aversion flows as investors look for protection from currency volatility and geopolitical shocks.
The same worldwide causes have also caused silver to react violently. After reaching a session high of $96.40 earlier and then reversing part of the gain, spot silver is currently quoted at $95.19 per ounce.
A strong US currency and rising Treasury yields, which typically put pressure on non-yielding assets, are the reasons for the decline.
Purity wise gold price today in India
Standardized rates display the prices of various purities as of March 3, 2026. The prices of 24K and 22K gold per 10 grams and per gram in India are summarized in the following table, which does not include taxes and manufacturing fees that are added at the time of sale.
| Purity | Price Range (per 10g) | Price Range (per gram) |
| 24K Gold (99.9% Pure) | ₹1,66,469 – ₹1,73,090 | ₹16,646 – ₹17,323 |
| 22K Gold (Jewellery Gold) | ₹1,52,486 – ₹1,58,660 | ₹15,248 – ₹15,866 |
The lower gold content of jewellery grade metal is reflected in the pricing difference between 24K and 22K. While investors usually concentrate on 24K coins and bars, buyers of ornaments frequently choose 22K for durability. These base amounts are subject to the 3% GST, which increases the effective outlay even more.
Investor view on gold price today and strategy
Gold has entered a new trading range above $5,400 per ounce on a global scale. Analysts pinpoint $5,500 as resistance and $5,300 as immediate support. Delhi 24K gold in India frames the near term risk band with support around ₹1,68,000 per 10 grams and resistance at ₹1,75,000.
Instead of engaging in short term speculation, the recent little decline in domestic prices presents an opportunity for long term accumulation. Spreading out entry points over time is aided by systematic investing through digital gold SIPs or gold ETFs.
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In times of geopolitical stress, this strategy can lower timing risk while preserving exposure to gold’s alleged safe haven qualities.
