Gold prices in India have rebounded sharply to ₹16,980 per gram on March 2, surging from ₹16,157 on February 27 and ₹16,168 on February 26. The jump comes after a brief late-February pullback from ₹16,189 on February 25, signalling a fresh breakout following short-term consolidation. The latest spike builds on last week’s recovery, when prices had climbed from ₹16,135 on February 23 to ₹16,178 on February 24 and ₹16,189 on February 25 before easing.

Earlier, gold had recovered to ₹15,649 on February 19 after slipping to ₹15,420 on February 17–18, and briefly eased to ₹15,617 on February 20 before staging the sharp upswing. Prior to that, the 24K rate had fallen to around ₹15,578 by February 13 after fluctuating near ₹15,800 at the start of the month, underscoring the persistent volatility in recent weeks.

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Gold Prices Today in India March 2, 2026

As of 12:40 PM on March 2, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹16,980, 22K at ₹15,565, 18K at ₹12,735.
• Gold Price Today in Chennai: 24K at ₹17,084, 22K at ₹15,660, 18K at ₹13,400.
• Gold Price Today in Bangalore:24K at ₹16,980, 22K at ₹15,565, 18K at ₹12,735.
• Gold Price Today in Hyderabad: 24K at ₹16,980, 22K at ₹15,565, 18K at ₹12,735.
• Gold Price Today in Kerala: 24K at ₹16,980, 22K at ₹15,565, 18K at ₹12,735.
• Gold Price Today in Delhi: 24K at ₹16,995, 22K at ₹15,580, 18K at ₹12,750.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• March 2th: 24K at ₹16,980, 22K at ₹15,565, 18K at ₹12,735.
• February 27th: 24K at ₹16,157, 22K at ₹14,810, 18K at ₹12,118.
• February 26th: 24K at ₹16,168, 22K at ₹14,820, 18K at ₹12,126.
• February 25th: 24K at ₹16,189, 22K at ₹16,189, 18K at ₹12,142.
• February 24th: 24K at ₹16,178, 22K at ₹14,830, 18K at ₹12,134.

Gold prices in India have staged a sharp rebound at the start of March, reversing last week’s mild consolidation. On March 2, 24K gold surged to ₹16,980, up sharply from ₹16,157 on February 27 and ₹16,168 on February 26, marking a strong breakout after hovering around the ₹16,100–₹16,200 range for several sessions.

Similarly, 18K gold jumped to ₹12,735, compared with ₹12,118 on February 27 and ₹12,126 on February 26. The fresh spike follows a brief cooling phase after the late-February rally, when 24K had climbed from ₹16,135 on February 23 to ₹16,189 on February 25 before easing.

Gold Market Outlook

Gold prices in India have surged sharply at the start of March, reversing last week’s mild consolidation. On March 2, the 24K rate jumped to ₹16,980, a steep rise from ₹16,157 on February 27 and ₹16,168 on February 26. The breakout follows several sessions of range-bound movement around the ₹16,100–₹16,200 levels.

Similarly, 22K gold climbed to ₹15,565, up significantly from ₹14,810 on February 27 and ₹14,820 on February 26. The 18K rate also advanced strongly to ₹12,735, compared with ₹12,118 and ₹12,126 in the previous sessions.

The sharp upswing signals renewed buying momentum after a brief cooling phase in late February, highlighting the metal’s continued volatility and sensitivity to market cues.

Conclusion

As of March 2, gold prices across most major cities are hovering around ₹16,980 per gram for 24K, ₹15,565 for 22K, and ₹12,735 for 18K. Chennai continues to quote at a premium, with 24K gold at ₹17,084, while Delhi is slightly above the broader average at ₹16,995.

The strong rebound from February 27 levels underscores revived investor interest. However, given the rapid price swings seen over the past week, gold is likely to remain sensitive to global developments, currency fluctuations, and shifts in overall market sentiment.