Gold and silver prices in India are trading slightly lower today, with mild profit-booking after recent spikes driven by safe-haven demand amid heightened Middle East tensions involving the US, Israel and Iran. Domestic gold remains near record levels, while silver is consolidating after sharp volatility, keeping investor sentiment cautious but broadly supportive of bullion.
Gold and silver prices in India today – 7 March 2026
As of today, 24K gold in India is hovering close to ₹16,100-16,400 per gram, translating to around ₹1.61 lakh-₹1.63 lakh per 10 grams, reflecting a modest decline from earlier peaks in March. The all-India average 22K gold rate is around ₹14,770-₹15,000 per gram, or roughly ₹1.48 lakh-₹1.50 lakh per 10 grams, indicating a softening trend over the past week.
Silver prices are trading around ₹285-₹290 per gram and roughly ₹2.84-₹2.90 lakh per kilogram, largely flat to marginally lower compared with recent highs above ₹3.15 lakh per kg seen earlier this month. Overall, precious metal prices are slightly down today, but remain elevated due to safe-haven flows, geopolitical risks and ongoing global economic uncertainty.
Gold and silver prices today in major Indian cities
Using the latest city-wise benchmarks available up to 6 March 2026, key metros are trading near the following levels (rounded):
| City | 24K Gold (10g) | 22K Gold (10g) | Silver (1 kg) |
|---|---|---|---|
| Delhi | ₹1,57,080 | ₹1,49,600 | ₹2,90,000 |
| Mumbai | ₹1,56,560 | ₹1,49,100 | ₹2,90,000 |
| Chennai | ₹1,57,080 | ₹1,49,600 | ₹2,90,000 |
| Kolkata | ₹1,57,610 | ₹1,50,100 | ₹2,90,000 |
| Bengaluru | ₹1,57,190 | ₹1,49,700 | ₹2,90,000 |
| Hyderabad | ₹1,57,080 | ₹1,49,600 | ₹2,90,000 |
| Ahmedabad | ₹1,57,120 | ₹1,49,640 | ₹2,90,000 |
| Pune | ₹1,56,560 | ₹1,49,100 | ₹2,90,000 |
Prices show minor variations across cities due to local taxes, logistics, making charges and city-specific demand–supply dynamics.
Intraday movement in gold and silver
Intraday, gold prices in India have seen a mild downward bias today after holding near ₹1.60 lakh per 10 grams on the Multi Commodity Exchange (MCX) on 6 March, where futures closed marginally higher by about 0.15 percent. Internationally, spot gold has rebounded sharply in recent sessions, gaining around 2 percent as escalating Middle East tensions triggered renewed safe-haven buying and pushed prices above the recent range.
Silver futures on MCX also ended slightly higher in the previous session, closing near ₹2.62-₹2.65 lakh per kg, but domestic spot prices around ₹2.84-₹2.90 lakh/kg today indicate some cooling from this month’s intraday peaks. Investor sentiment remains constructive for bullion as geopolitical risks, central bank buying and uncertainty over global growth continue to support safe-haven allocations.
Gold rate analysis
Gold prices in India have been on a declining trajectory so far in March, with 24K rates slipping from above ₹1.63 lakh per 10 grams at the start of the month to around ₹1.61 lakh-₹1.62 lakh by 7 March. The 10-day trend data show a clear softening, with both 22K and 24K segments registering roughly 6-7% declines from early March highs, indicating consolidation after a strong run-up in February.
Despite the pullback, overall levels remain elevated, which has started to weigh on physical jewellery demand, particularly among price-sensitive retail buyers in smaller cities and rural markets. Trade feedback and market commentary suggest that some households are postponing large-ticket jewellery purchases or downgrading weight and purity due to affordability concerns.
At the same time, the ongoing wedding season and cultural preference for gold in India are providing a floor to demand, with steady buying for ceremonies and long-term investment. Investment demand through bars, coins, ETFs and sovereign gold bonds also remains supported as investors look for a hedge against inflation, currency risk and geopolitical uncertainty.
Silver rate analysis
Silver is trading around ₹2.84-₹2.90 lakh per kg in India today, down from the recent spike above ₹3.15 lakh per kg earlier in March, reflecting its higher volatility relative to gold. Global silver prices have rebounded over 2–3 percent in the latest session to around 84-85 dollars per ounce as safe-haven flows spill over from gold.
Beyond its monetary role, silver’s performance is closely tied to industrial activity, with strong demand from electronics, renewable energy (particularly solar), electrical components and manufacturing sectors shaping medium-term price trends. As a result, silver often moves directionally with gold but can experience sharper swings, especially when both industrial demand and safe-haven interest rise or fall simultaneously.
Key factors influencing gold and silver prices today
- Global economic and geopolitical uncertainty: Heightened tensions in the Middle East and concerns over global growth are underpinning safe-haven demand for precious metals.
- US dollar and rupee movement: A weaker rupee against the US dollar tends to push up domestic gold and silver prices, even when international spot prices are flat.
- Central bank policies: Expectations around global interest rates, especially from the US Federal Reserve and other major central banks, are influencing bullion as lower rates typically support non-yielding assets like gold and silver.
- Safe-haven flows: Elevated market volatility and concerns over equity valuations are driving incremental allocations to gold and, to a lesser extent, silver.
- Domestic demand in India: Festivals, weddings and jewellery buying patterns continue to shape physical demand, with high prices prompting some degree of demand rationing.
Outlook for Gold and Silver
In the near term, gold and silver prices in India are likely to remain volatile, tracking swings in global geopolitical headlines, US dollar moves and expectations around interest rate trajectories. Traders expect the broader bias to stay positive as long as tensions in the Middle East remain elevated and global growth signals remain mixed.
For buyers and investors, monitoring MCX futures, global spot prices, rupee–dollar levels, and central bank policy commentary will be crucial over the coming days. Retail consumers may consider staggered purchases during price dips, while long-term investors are likely to continue viewing gold and, increasingly, silver as core portfolio diversifiers.
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