Gold Price Today in India on March 02: Yellow Metal Holds Steady – Check Delhi, Mumbai Rates

Gold prices in India remained stable on Sunday, March 02, 2025, after recently touching record highs. In Mumbai, 22-carat gold traded at Rs 79,400 per 10 grams, while 24-carat gold was priced at Rs 86,620 per 10 grams, according to market updates. The yellow metal’s steady performance has kept investors and buyers watchful, especially with its cultural and financial significance in the country.

In Delhi, gold rates were slightly higher, with 22-carat gold at Rs 79,550 and 24-carat gold at Rs 86,770 per 10 grams. Cities like Jaipur matched Delhi’s prices, while Ahmedabad and Patna saw 22-carat gold at Rs 79,450 and 24-carat at Rs 86,670. Meanwhile, Hyderabad, Chennai, and Kolkata aligned with Mumbai’s rates. Silver prices also stayed unchanged, trading at Rs 97,000 per kg across major cities, offering a calm spot market.

The allure of 24-carat gold lies in its 99.9% purity, making it a top choice for those seeking premium quality. On the other hand, 22-carat gold, with its mix of durability and elegance, remains popular for jewellery and investments. This balance keeps it a favorite during wedding seasons and festivals like Diwali, where gold buying spikes.

ALSO READ | ‘Worse Than Ranveer Allahbadia’: Policybazaar Ad Slammed for Insensitive Storytelling During India-Pakistan Match

What drives these prices? Experts point to global market trends, import duties, taxes, and the Indian rupee’s exchange rate against the US dollar. A weaker rupee or higher international rates can push gold prices up. Locally, demand surges during celebrations, influencing daily rates. As of March 02, these factors have stabilized, giving buyers a breather after recent peaks.

Gold’s role in India goes beyond investment. It’s a symbol of wealth and tradition, often gifted or worn during special occasions. With market conditions always shifting, staying updated is key for buyers and traders. Whether you’re in Delhi, Mumbai, or another city, tracking gold prices helps you make smart choices in this dynamic market. For now, the yellow metal holds steady, reflecting a moment of calm amid its glittering journey.