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Gold and Silver Rates Today, March 7: In Mumbai, the price of 24-carat gold increases to Rs 1,63,640 per 10 grams, while 22k gold is available at Rs 1,50,000 per 10 grams.
Gold and silver prices today, March 7.
Gold and Silver Rates Today, March 7: Gold and silver prices in India rose on March 7, on higher buying in the spot market. In Mumbai, the price of 24-carat gold increased to Rs 1,63,640 per 10 grams, while 22k gold was available at Rs 1,50,000 per 10 grams. These rates do not include GST and making charges.
The MCX remains closed due to weekends.
Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On March 7?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,50,150 | Rs 1,63,800 |
| Jaipur | Rs 1,50,150 | Rs 1,63,800 |
| Ahmedabad | Rs 1,50,050 | Rs 1,63,700 |
| Pune | Rs 1,50,000 | Rs 1,63,640 |
| Mumbai | Rs 1,50,000 | Rs 1,63,640 |
| Hyderabad | Rs 1,50,000 | Rs 1,63,640 |
| Chennai | Rs 1,50,000 | Rs 1,63,640 |
| Bengaluru | Rs 1,50,000 | Rs 1,63,640 |
| Kolkata | Rs 1,50,000 | Rs 1,63,640 |
In the international market, US spot gold was up 1.15% at $5,181.30 per ounce. The metal has lost roughly 3% so far this week, set to snap a four-week winning streak, as fading rate-cut prospects and higher energy prices stoked inflation concerns.
The dollar weakened, making greenback-priced bullion less expensive for holders of other currencies.
“Geopolitical risks are still not subsiding. In fact, there could be a risk of escalation, given the fact that the recent interview by Iranian foreign minister stating that the Iranian forces are ready for a ground invasion by the US or even Israel. So that’s actually supporting gold price,” said Kelvin Wong, a senior market analyst at OANDA, according to Reuters.
The expanding war in Iran entered its second week on March 7 amid renewed uncertainty about how or when hostilities will end, as U.S. President Donald Trump declared he would only accept Tehran’s “unconditional surrender” and Israel traded fresh attacks with Iran and Lebanon.
Trump’s comments on social media on Friday came hours after Iran’s president announced that unnamed countries had begun mediation efforts, briefly raising the possibility, however faint, of a diplomatic resolution a week after the U.S. and Israel launched strikes on Iran.
“There will be no deal with Iran except UNCONDITIONAL SURRENDER!” Trump wrote. “After that, and the selection of a GREAT & ACCEPTABLE Leader(s), we, and many of our wonderful and very brave allies and partners, will work tirelessly to bring Iran back from the brink of destruction, making it economically bigger, better, and stronger than ever before.”
Trump has offered shifting explanations of his war aims, raising the possibility of an extended regional conflict that has already spilled well beyond Iran’s borders, shaken global financial markets and sent oil prices soaring.
In response to the attack, Iran has targeted Israel as well as multiple Gulf states that host U.S. military installations.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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March 07, 2026, 09:42 IST
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