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    Gold Prices Soar 1% Amid US-Iran Tensions (Mar 4), Check 22K & 24K Rates Per Gram In Major Cities

    1 hour ago

    24K & 22K Gold Price Today: Gold prices moved higher on Wednesday, rising over 1 per cent as escalating tensions between the US-Israeli alliance and Iran increased safe-haven demand for precious metals.

    On the Multi Commodity Exchange (MCX), gold futures for April delivery climbed 1.04 per cent to Rs 1,62,790 per 10 grams around 11.30 am in intraday trade. Silver futures for May delivery also advanced, gaining 1.84 per cent to Rs 2,70,200 per kg.

    Market participants shifted towards safe-haven assets amid rising geopolitical tensions in the Middle East and fears of potential disruptions to energy supplies. At the same time, concerns about persistent inflation in the US have strengthened expectations that the US Federal Reserve could keep interest rates higher for longer.

    Despite the gains in bullion prices, exchange-traded funds tracking precious metals saw a sharp decline during the session. Major silver ETFs dropped between 7.12 per cent and 7.43 per cent, while gold ETFs fell in the range of 3 per cent to 3.87 per cent.

    In global markets, spot gold rose about 1 per cent to $5,138.46 per ounce, while US gold futures for April delivery increased 0.5 per cent to $5,147.10. Gold has gained nearly 19 per cent so far this year, following a sharp 64 per cent rally in 2025, largely driven by geopolitical uncertainty and strong central bank purchases.

    Meanwhile, the dollar index strengthened by 0.15 per cent to 99.20. A stronger US currency tends to limit further gains in bullion as dollar-denominated commodities become more expensive for overseas buyers.

    Geopolitical tensions intensified after US President Donald Trump said American forces had targeted several Iranian naval and air assets, while Iran struck key oil infrastructure across the Gulf region. The developments prompted investors to reduce exposure to equities amid concerns over disruptions to global energy supplies and shipping routes.

    Oil prices also moved higher. WTI crude rose above $75 per barrel, extending a two-day rally of around 11 per cent, while Brent crude traded close to $81 per barrel as supply risks increased due to the conflict and disruptions in the Strait of Hormuz.

    Investors are now watching upcoming US economic data, including Manufacturing and Non-Manufacturing PMI, ADP Non-Farm Employment Change and unemployment figures, for further signals on the Federal Reserve’s policy direction.

    Analysts noted that gold has key support levels at Rs 1,58,000 and Rs 1,62,000, while resistance is placed at Rs 1,75,000 and Rs 1,80,000. For MCX silver, support is seen at Rs 2,50,000 and Rs 2,70,000, with resistance levels at Rs 3,00,000 and Rs 3,20,000.

    Traders noted that Gold Rates in India  climbed, with Gold prices in Delhi and other key metros reflecting the latest jump.

    Gold Rates Across Major Cities In India On March 4

    Gold Prices in Delhi Today (Per 1 Gram)

    24 Karat - 16,466

    22 Karat- 15,095

    18 Karat- 12,353

    Gold Prices in Chennai Today (Per 1 Gram) 

    24 Karat - 16,582

    22 Karat- 15,200

    18 Karat- 13,100

    Gold Prices in Bengaluru Today (Per 1 Gram)

    24 Karat - 16,451

    22 Karat- 15,080

    18 Karat- 12,338

    Gold Prices in Mumbai Today (Per 1 Gram)

    24 Karat - 16,451

    22 Karat- 15,080

    18 Karat- 12,338

    Gold Prices in Pune Today (Per 1 Gram)

    24 Karat - 16,451

    22 Karat- 15,080

    18 Karat- 12,338

    Gold Prices in Kolkata Today (Per 1 Gram)

    24 Karat - 16,451

    22 Karat- 15,080

    18 Karat- 12,338

    Gold Price Today in Major Indian Cities

    City 24k Gold Per Gram 22k Gold Per Gram 18k Gold Per Gram
    Gold Rate in Hyderabad 16,451 15,080 12,338
    Gold Rate in Ahmedabad 16,456 15,085 12,343
    Gold Rate in Indore 16,456 15,085 12,343
    Gold Rate in Lucknow 16,466 15,095 12,353
    Gold Rate in Coimbatore 16,582 15,200 13,100
    Gold Rate in Bhubaneswar 16,451 15,080 12,338
    Gold Rate in Mysore 16,451 15,080 12,338
    Gold Rate in Kanpur 16,466 15,095 12,353
    Gold Rate in Salem 16,582 15,200 13,100
    Gold Rate in Visakhapatnam 16,451 15,080 12,338
    Gold Rate in Vijayawada 16,451 15,080 12,338
    Gold Rate in Patna 16,456 15,085 12,343

    To check Silver price in India today, click here.

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