Gold and silver prices in India remains elevated on Wednesday, 4 March 2026, as investors sought safe-haven assets amid geopolitical uncertainty and ongoing volatility in global markets.
24‑carat gold was quoted around ₹1.67 Lakh per 10 grams, while 22‑carat gold stood at approximately ₹1.53 Lakh per 10 grams in major cities. City-level variations were observed due to local taxes and logistics, with Delhi seeing 24K gold at ₹1,67,770 per 10 grams and 22K at ₹1,53,790 per 10 grams. Similar rates were reported in Mumbai, Bangalore, Hyderabad, and Chennai.
On the international front, gold slightly eased from recent highs, trading near $5,118 per ounce, as profit‑taking and a firmer U.S. dollar moderated gains. However, persistent geopolitical tensions, particularly in the Middle East, continued to support bullion prices.
Silver also rebounded, trading near ₹2,94,900 per kilogram in Delhi, slightly below recent peaks around ₹3.15 Lakh per kg. Prices were influenced by global market sentiment, currency fluctuations, and short-term profit-booking by traders.
Analysts noted that bullion demand remained strong as investors continue to hedge against uncertainty. Yet, intermittent profit-booking and the stronger dollar have led to periodic corrections. Market watchers are closely monitoring geopolitical developments, crude oil movements, and currency trends, as they heavily influence domestic bullion prices.
In local physical markets, gold and silver demand was supported by cultural festivities, which kept retail activity active despite moderate intraday corrections. Traders advised buyers to keep an eye on both global and domestic factors before making purchase decisions.
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