Gold Rate Today: Gold Gets Cheaper Ahead of Holi, Check Latest Prices on March 3
Gold prices in India have seen a slight decline just a day before the Holi festival. On Tuesday, March 3, the price of gold dropped marginally in major cities across the country, although global geopolitical tensions continue to influence the precious metals market.
Latest Gold Prices in India
On March 3, the price of 24-carat gold in Delhi stood at ₹1,70,650 per 10 grams, while 22-carat gold was priced at ₹1,56,290 per 10 grams.
Similar rates were recorded in Mumbai, Ahmedabad, and several other cities. However, gold is slightly more expensive in Chennai and Hyderabad, where the price of 24-carat gold reached ₹1,70,830 per 10 grams.
Why Did Gold Prices Fall Today?
Gold prices had surged earlier due to rising tensions in the Middle East involving Israel, Iran, and the United States. In times of uncertainty, investors often turn to safe-haven assets such as gold.
However, today’s minor dip is mainly due to limited demand and some profit-booking in the market. Experts believe that if geopolitical tensions continue, gold prices may rise again in the coming days.
Gold Rates in Major Cities (March 3, 2026)
| City | 22-Carat Gold (₹/10 g) | 24-Carat Gold (₹/10 g) |
|---|---|---|
| Delhi | 1,56,290 | 1,70,650 |
| Mumbai | 1,56,290 | 1,70,650 |
| Ahmedabad | 1,56,290 | 1,70,650 |
| Chennai | 1,56,590 | 1,70,830 |
| Kolkata | 1,56,290 | 1,70,650 |
| Hyderabad | 1,56,590 | 1,70,830 |
| Jaipur | 1,56,290 | 1,70,650 |
| Bhopal | 1,56,290 | 1,70,650 |
| Lucknow | 1,56,290 | 1,70,650 |
| Chandigarh | 1,56,290 | 1,70,650 |
What Experts Say About Future Trends
Market analysts suggest that if the conflict and uncertainty in the Middle East continue, gold prices could move higher again. On the other hand, if diplomatic talks ease the tensions, prices may stabilize or witness mild corrections.
With the festive season approaching, demand for gold is expected to remain strong, and investors as well as buyers will closely watch the market in the coming days.
