Gold and silver rates in India traded higher on Friday, March 6, with gains supported by ongoing geopolitical tensions and safe-haven demand, although a stronger US dollar and rising Treasury yields capped the upside.
MCX gold futures rose around 1% to trade near ₹1.61 lakh per 10 grams, while MCX silver outperformed gold, surging 2% to trade close to ₹2.68 lakh per kilogram.
Spot gold traded around $5,130 per ounce, recording a 1% increase, while spot silver gained 2.3% to above $84 per ounce. Despite these gains, gold is on track to record its first weekly decline in five weeks.
The ongoing Middle East conflict, including the US-Israeli-Iran tension, has driven safe-haven demand but also lifted oil prices to a more-than-one-year high, raising inflation concerns. Market participants have tempered bets on further Federal Reserve rate cuts amid strong US economic data showing lower jobless claims, faster services sector growth, and improved productivity.
City-Wise Gold Prices Today (March 6, 2026)
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Delhi: 24K Gold – ₹16,302/g | 22K Gold – ₹14,944/g
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Mumbai: 24K Gold – ₹16,287/g | 22K Gold – ₹14,929/g
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Chennai: 24K Gold – ₹16,494/g | 22K Gold – ₹15,119/g
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Kolkata: 24K Gold – ₹16,287/g | 22K Gold – ₹14,929/g
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Hyderabad: 24K Gold – ₹16,287/g | 22K Gold – ₹14,929/g
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Bangalore: 24K Gold – ₹16,287/g | 22K Gold – ₹14,929/g
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Ahmedabad: 24K Gold – ₹16,292/g | 22K Gold – ₹14,934/g
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Jaipur: 24K Gold – ₹16,302/g | 22K Gold – ₹14,944/g
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Patna: 24K Gold – ₹16,292/g | 22K Gold – ₹14,934/g
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Lucknow: 24K Gold – ₹16,302/g | 22K Gold – ₹14,944/g
Gold futures on the Multi Commodity Exchange (MCX) showed range-bound movement, with April 2026 contracts at ₹1,60,008 per 10 grams (up 0.21%) and June 2026 contracts at ₹1,63,780 per 10 grams (up 0.01%). Silver with May 2026 expiry gained momentum in the second half, trading at ₹2,67,500 per kilogram, up ₹5,309 or 2.02% from the previous close.
Gold remains an important investment in India, valued for both its cultural and financial significance. Investors are advised to check city-wise rates before purchasing jewelry, coins, or bars, as prices fluctuate based on global trends, the dollar-rupee rate, and inflation expectations.
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Sofia Babu Chacko is a journalist with over five years of experience reporting on Indian politics, crime, human rights, gender issues, and stories about marginalized communities. She believes journalism plays a crucial role in amplifying unheard voices and bringing attention to issues that truly matter. Sofia has contributed articles to The New Indian Express, Youth Ki Awaaz, and Maktoob Media. She is also a recipient of the 2025 Laadli Media Awards for gender sensitivity. Beyond the newsroom, she is a music enthusiast who enjoys singing. Connect with Sofia on X: https://x.com/SBCism
