Gold and silver prices in India continued their upward trend for the second consecutive day on March 11, 2026, as rising geopolitical tensions pushed investors toward safe-haven assets. The ongoing conflict involving Iran, the United States, and Israel has increased uncertainty in global financial markets, prompting stronger demand for precious metals such as gold and silver.
Traditionally, gold and silver prices tend to rise during periods of geopolitical instability or economic uncertainty. The current global situation has reinforced that trend, with investors shifting their funds into these assets to safeguard their wealth. As a result, both metals have seen notable price movements across major Indian cities.
After witnessing a brief dip earlier, gold prices have again moved higher for the second day in a row. In the national capital, Delhi, the price of 24-carat gold increased by ₹10 per 10 grams, while 22-carat gold also rose by ₹10 per 10 grams.
Over the past two days, the price of 24-carat gold has increased by ₹710 per 10 grams, while 22-carat gold has climbed by ₹660 per 10 grams. This steady rise reflects strong buying interest at lower levels, as investors continue to accumulate the precious metal whenever prices temporarily soften.
Market experts say that while some profit booking occasionally pulls prices down, consistent buying demand from investors quickly pushes the rates higher again.
Here is a look at the latest gold prices for 10 grams of 24-carat, 22-carat, and 18-carat gold across 10 major cities in India:
| City | 24 Carat Gold (10g) | 22 Carat Gold (10g) | 18 Carat Gold (10g) |
|---|---|---|---|
| Delhi | ₹1,62,540 | ₹1,40,010 | ₹1,21,950 |
| Mumbai | ₹1,62,390 | ₹1,48,860 | ₹1,21,180 |
| Kolkata | ₹1,62,370 | ₹1,48,860 | ₹1,21,180 |
| Chennai | ₹1,64,190 | ₹1,50,510 | ₹1,28,890 |
| Bengaluru | ₹1,62,390 | ₹1,48,860 | ₹1,21,180 |
| Hyderabad | ₹1,62,390 | ₹1,48,860 | ₹1,21,180 |
| Lucknow | ₹1,62,540 | ₹1,40,010 | ₹1,21,950 |
| Patna | ₹1,62,440 | ₹1,48,910 | ₹1,21,850 |
| Jaipur | ₹1,62,540 | ₹1,40,010 | ₹1,21,950 |
| Ahmedabad | ₹1,62,440 | ₹1,48,910 | ₹1,21,850 |
Among these cities, Chennai currently has the highest gold prices, particularly for 24-carat and 22-carat categories.
Silver prices have also witnessed a sharp increase after a brief decline earlier. Following a one-day drop, silver has now risen steadily for the past two days. In Delhi, the price of silver has increased by ₹10,100 per kilogram over two days.
On Wednesday, silver prices in Delhi increased by ₹100 per kilogram, taking the rate to ₹2,90,100 per kg.
In other major metropolitan cities like Mumbai and Kolkata, silver is also trading at around the same price level. However, Chennai recorded the highest silver rate, where the metal is selling at ₹3,00,100 per kilogram, crossing the ₹3 lakh mark.
The primary reason behind the surge in gold and silver prices is the escalating geopolitical tension in the Middle East. When conflicts intensify or global markets become volatile, investors often move their funds away from riskier assets such as equities and into safer options like precious metals.
Gold, in particular, has historically been viewed as a store of value during uncertain times. Silver also tends to follow gold’s upward trend, especially when investment demand rises.
Additionally, fluctuations in global markets, currency movements, and international bullion prices also influence domestic rates in India.
Analysts believe that if geopolitical tensions remain high, gold and silver prices may continue to stay firm in the near term. However, short-term fluctuations are still possible due to profit booking or changes in global economic indicators.
For investors and buyers, market experts suggest closely tracking international developments and domestic demand trends before making large purchases.
As global uncertainty continues, precious metals are likely to remain in focus for investors looking to protect their portfolios from volatility.
