Last Updated:
Gold and Silver Rates Today, March 5: In Mumbai, the price of 24-carat gold increases to Rs 1,64,500 per 10 grams, while 22k gold is available at Rs 1,50,790 per 10 grams.
Gold and Silver Rates Today, March 5.
Gold and Silver Rates Today, March 5: Gold and silver prices in India rose on March 5, as the widening Middle East conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to bullion prices. On the MCX, the price of gold increased 0.63% to trade at Rs 1,62,542 per 10 grams in the early trade on Thursday, while silver rose 1.62% to Rs 2,69,895 per kg.
In the spot market, in Mumbai, the price of 24-carat gold increased to Rs 1,64,500 per 10 grams, while 22k gold was available at Rs 1,50,790 per 10 grams. These rates do not include GST and making charges.
Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On March 5?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,50,940 | Rs 1,64,650 |
| Jaipur | Rs 1,50,940 | Rs 1,64,650 |
| Ahmedabad | Rs 1,50,840 | Rs 1,64,550 |
| Pune | Rs 1,50,790 | Rs 1,64,500 |
| Mumbai | Rs 1,50,790 | Rs 1,64,500 |
| Hyderabad | Rs 1,50,790 | Rs 1,64,500 |
| Chennai | Rs 1,50,790 | Rs 1,64,500 |
| Bengaluru | Rs 1,50,790 | Rs 1,64,500 |
| Kolkata | Rs 1,50,790 | Rs 1,64,500 |
In the international market, US spot gold climbed 0.8% to $5,177.26 per ounce by 0249 GMT. US gold futures for April delivery were up 1% at $5,186.40.
The US dollar eased from a more than three-month high hit earlier this week, making greenback-priced gold less expensive for holders of other currencies.
“Gold benefits from the kind of geopolitical risks that we’ve seen flared up in the last few days. So (prices rose due to) a bit of a function of normalising financial conditions and a U.S. dollar that’s pulling back from highs,” said Kyle Rodda, senior financial market analyst at Capital.com.
The U.S.–Iran war widened sharply on Wednesday after a U.S. submarine sank an Iranian warship off Sri Lanka, killing at least 80 people, and NATO air defences destroyed an Iranian ballistic missile fired towards Turkey.
The escalation came as the powerful son of Iran’s slain supreme leader emerged as a frontrunner to succeed him, suggesting Tehran was not about to buckle to pressure, five days after the U.S. and Israel launched a military campaign that has killed hundreds and convulsed global markets.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Click here to add News18 as your preferred news source on Google.
Follow News18 on Google. Join the fun, play games on News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
March 05, 2026, 09:29 IST
Read More