Gold Rate Today (1 Mar 2026): IBJA, Tanishq, Kalyan, Malabar, Joyalukkas Prices Out Amid Middle East Tensions

Escalating tensions in the Middle East, after coordinated United States and Israeli strikes on Iranian targets and Tehran's retaliatory actions across the Gulf region, have rattled global equity markets and pushed investors toward safe-haven assets.

Gold has emerged as the primary beneficiary of this uncertainty, with traders increasing allocations amid fears of a broader regional confrontation that could disrupt oil supplies and global trade.

While international markets are reacting sharply to geopolitical risk, Indian bullion prices are showing a steadier but upward-biased trend. Domestic rates remain elevated, reflecting both global cues and precautionary buying by investors anticipating further instability in West Asia.

MCX Prices Largely Stable, Still Elevated

Spot gold prices on the Multi Commodity Exchange (MCX) remained almost unchanged but continued to stay near record-high territory. Gold was trading at Rs 1,55,648 per 10 grams, compared with Rs 1,55,646 in the previous session.

Even though the day-to-day movement appears minimal, the larger trend reflects sustained strength because geopolitical uncertainty is keeping buyers active. Traders say the lack of decline itself signals strong support levels, as normally prices soften after sharp rallies.

IBJA Benchmark Rates Show Minor Correction

According to the India Bullion and Jewellers Association morning benchmark rates for March 1, 2026 (without GST), prices saw a marginal dip across most purity levels:

• Fine Gold (999): Rs 16,247 per gram
• 22 KT Gold: Rs 14,893 per gram
• 20 KT Gold: Rs 13,539 per gram
• 18 KT Gold: Rs 12,185 per gram
• 14 KT Gold: Rs 9,477 per gram

Jewellery Retail Prices Updated

Major jewellery chains have revised their retail rates, giving buyers a clearer picture of current market costs:

• Tanishq: Rs 15,505 per gram for 22k jewellery
• Malabar Gold & Diamonds: Rs 15,465 per gram
• Joyalukkas: Rs 14,465 per gram
• Kalyan Jewellers: Rs 15,465 per gram

Why Gold Is Rising Now

Gold's strength is directly linked to the geopolitical environment. Military activity in the Middle East raises three major concerns for investors:

1. Possible disruption to global oil supply routes
2. Higher inflation due to rising energy prices
3. Financial market volatility

When such risks increase, investors move funds into gold to preserve value. As the standoff between Iran and the US-Israel alliance intensifies, analysts expect continued volatility in equities and persistent support for bullion.

For now, even small dips are attracting buyers. Unless tensions ease quickly, gold prices are likely to remain firm, with further spikes possible if the conflict widens.