Gold prices remain closely tracked by consumers and investors, with consistent price variations between Indian and Dubai markets. These differences are primarily influenced by import duties, GST, exchange rate movements, and local demand conditions.
On March 2, 2026, gold prices in India remained higher than Dubai rates when converted into Indian rupees, even as bullion prices in the UAE market witnessed stability during the day.
| City | 24K Gold (10g) | 22K Gold (10g) |
| Chennai | ₹169,800 | ₹155,650 |
| Mumbai | ₹169,310 | ₹155,201 |
| New Delhi | ₹169,240 | ₹155,137 |
Note: Rates updated between 1:55 PM and 2:00 PM on March 2, 2026. Prices may change during the day.
The AED–INR exchange rate on March 2, 2026, stood at ₹24.83, meaning 1 AED equalled ₹24.83. Based on morning gold prices in Dubai, the converted rates are as follows:
| Purity | Dubai Price (AED/gram) | INR/gram | INR/10 gram |
| 24K | 653.00 | ₹16,214 | ₹162,140 |
| 22K | 604.50 | ₹15,009 | ₹150,090 |
Note: INR values are approximate and calculated using the prevailing exchange rate.
| Karat | India Avg (10g) | Dubai (10g) | Price Difference |
| 24K | ₹169,450 | ₹162,140 | ₹7,310 |
| 22K | ₹155,329 | ₹150,090 | ₹5,239 |
Note: The price difference does not include GST, customs duty, making charges, or other incidental costs.
As of March 2, 2026, gold prices in Dubai remain lower than those in Chennai, Mumbai, and New Delhi by roughly ₹5,200–₹7,300 per 10 grams depending on purity. The price gap continues to reflect taxation structures and import-related costs applicable in the Indian market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Mar 2, 2026, 2:05 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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