Gold prices in India saw a sharp rebound on March 7, recording their first major jump after six days of decline. The surge followed a rise in global spot gold prices, which climbed above $5,120 per ounce. Despite the jump in retail prices, gold futures on the Multi Commodity Exchange (MCX) moved largely sideways.
Here’s a detailed look at the latest gold and silver rates across India.
Gold Futures Market Update
Gold futures traded with limited movement on Friday afternoon.
The April 2026 contract was trading at Rs 160,008 per 10 grams, up Rs 335 (0.21%) from the previous close.
The June contract stood at Rs 163,780 per 10 grams, rising Rs 15 (0.01%).
The market largely remained range-bound, showing only marginal fluctuations in bullion trading.
Gold Prices in Major Indian Cities
Retail gold prices across major Indian cities saw only minor declines of about Rs 1 per gram.
Delhi
In the national capital:
24K gold: Rs 16,302 per gram (down Rs 1)
22K gold: Rs 14,944 per gram (down Rs 1)
Mumbai
In Mumbai bullion markets:
24K gold: Rs 16,287 per gram (down Rs 1)
22K gold: Rs 14,929 per gram (down Rs 1)
Chennai
Gold prices in Chennai also saw slight changes:
24K gold: Rs 16,494 per gram (down Rs 1)
22K gold: Rs 15,119 per gram (down Rs 1)
Kolkata
In Kolkata markets:
24K gold: Rs 16,287 per gram (down Rs 1)
22K gold: Rs 14,929 per gram (down Rs 1)
Hyderabad
Bullion traders quoted:
24K gold: Rs 16,287 per gram (down Rs 1)
22K gold: Rs 14,929 per gram (down Rs 1)
Bangalore
In Bangalore:
24K gold: Rs 16,287 per gram (down Rs 1)
22K gold: Rs 14,929 per gram (down Rs 1)
Ahmedabad
In Ahmedabad:
24K gold: Rs 16,292 per gram (down Rs 1)
22K gold: Rs 14,934 per gram (down Rs 1)
Jaipur
In Jaipur:
24K gold: Rs 16,302 per gram (down Rs 1)
22K gold: Rs 14,944 per gram (down Rs 1)
Patna
In Patna markets:
24K gold: Rs 16,292 per gram (down Rs 1)
22K gold: Rs 14,934 per gram (down Rs 1)
Lucknow
In Lucknow:
24K gold: Rs 16,302 per gram (down Rs 1)
22K gold: Rs 14,944 per gram (down Rs 1)
Gold Rates in India Today (March 7)
Gold prices jumped sharply across different purity levels.
24 Carat Gold
1 gram: Rs 16,364 (+ Rs 251)
8 grams: Rs 1,30,912 (+ Rs 2,008)
10 grams: Rs 1,63,640 (+ Rs 2,510)
100 grams: Rs 16,36,400 (+ Rs 25,100)
This marks the first major increase in March 2026 after six straight days of falling prices.
22 Carat Gold
1 gram: Rs 15,000 (+ Rs 230)
8 grams: Rs 1,20,000 (+ Rs 1,840)
10 grams: Rs 1,50,000 (+ Rs 2,300)
100 grams: Rs 15,00,000 (+ Rs 23,000)
The surge is considered one of the biggest jumps in the current month.
18 Carat Gold
1 gram: Rs 12,273 (+ Rs 188)
8 grams: Rs 98,184 (+ Rs 1,504)
10 grams: Rs 1,22,730 (+ Rs 1,880)
100 grams: Rs 12,27,300 (+ Rs 18,800)
Silver Prices Today
Silver prices in India remain unchanged.
1 gram: Rs 285
10 grams: Rs 2,850
100 grams: Rs 28,500
1 kg: Rs 2,85,000
Why Gold and Silver Prices Are Under Pressure
Analysts say precious metals are facing pressure due to:
A stronger US dollar index
Higher US treasury yields
Rising crude oil prices, which are fueling inflation concerns
At the same time, geopolitical tensions in the Middle East are increasing demand for safe-haven assets like gold.
Recent data also showed the US unemployment rate rising to 4.4%, higher than the market estimate of 4.3%, indicating weakness in the labor market. This has raised concerns about a possible recession while the Federal Reserve continues to maintain higher interest rates.
Despite these pressures, gold is still attracting investors as a hedge against economic instability.
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