Mumbai, March 07: Gold rates (gold prices) in India witnessed a significant downfall on Saturday, tracking a sharp rally in the international bullion market. Scroll down to check the gold rate today, March 07, in Delhi, Chennai, Mumbai, Kolkata, Lucknow, Pune, Bengaluru, Hyderabad, Jodhpur, Jaipur, Srinagar, Noida, Ghaziabad, Gurugram and Ahmedabad.

This drop in gold rate reflects growing global economic uncertainty and a weakening US Dollar, which has once again pushed investors toward the safety of the yellow metal. Gold prices vary across Indian cities due to differing local taxes, transport costs, and jeweler association margins. According to the latest data from Goodreturns, Chennai remains the most expensive market for gold among the major metros. Gold Silver Prices Today, March 6, 2026: Precious Metals Surge as MCX Gold Hits INR 1,60,700 per 10g, Silver INR 2,67,100 per Kg Amid US-Iran War Tensions.

Gold Rate Today, March 07, 2026

City

22K Gold (per 10g)

24K Gold (per 10g)
Delhi INR 1,47,840 INR 1,61,270
Mumbai INR 1,47,690 INR 1,61,120
Chennai INR 1,49,590 INR 1,63,190
Ahmedabad INR 1,47,690 INR 1,62,920
Kolkata INR 1,47,690 INR 1,61,120
Bengaluru INR 1,47,690 INR 1,61,120
Hyderabad INR 1,47,690 INR 1,61,120
Jaipur INR 1,47,840 INR 1,61,270
Pune INR 1,47,690 INR 1,61,120
Noida INR 1,47,840 INR 1,61,270
Gurugram INR 1,47,840 INR 1,61,270
Ghaziabad INR 1,47,840 INR 1,61,270
Lucknow INR 1,47,840 INR 1,61,270
Bhopal INR 1,47,840 INR 1,61,270
Jodhpur INR 1,47,840 INR 1,61,270
Srinagar INR 1,47,840 INR 1,61,270

Gold Rate Today: Global Market Triggers

The primary driver for today's price drop is the cooling of US labor market data, which has led traders to anticipate a potential interest rate cut by the Federal Reserve sooner than expected. Lower interest rates typically reduce the opportunity cost of holding non-yielding assets like gold, making it more attractive to investors. Gold Rate Today, March 06, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.

Additionally, the geopolitical landscape in the Middle East continues to support a high price floor. Central banks globally have also remained net buyers of gold, further tightening the available supply and exerting upward pressure on retail rates in the domestic market.

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Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Goodreturns), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Mar 07, 2026 08:24 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).