Fall in Gold Rate in India Continues; 24K/100gm Plunges Rs 85,800 in Just 3 Days; MCX Gold Price Flat; Outlook

Gold prices in India remained under pressure on Thursday morning at the time of writing, extending losses for the third consecutive day in the latest trading session as volatility in global markets and developments in the Middle East kept investors on edge. The domestic bullion market has witnessed a sharp correction, with 24 Karat (24K) gold tumbling by Rs 85,800 per 100 grams over the last three sessions.

Gold Rate Today on 5 March 2026

In the latest trade, 24K gold is quoted at Rs 16,451 per gram, down Rs 311, while 22 Karat (22K) gold has slipped to Rs 15,080 per gram, marking a decline of Rs 285 from the previous session. The sustained fall comes even as international gold prices attempt to stabilise.

Globally, bullion climbed back above $5,160 per ounce on Wednesday, recovering part of its earlier losses. The rebound follows escalating tensions in the Middle East, as the US-Israeli conflict with Iran entered its fifth day.

Reports suggest Israel targeted a building where clerics were meeting to discuss the selection of a new Supreme Leader, adding to geopolitical uncertainty and influencing safe-haven flows in the global gold market.

Gold Price Today: Check Latest 22K, 24K & 18K Gold Rates on 5 March 2026

24 Karat Gold Rate Today in India

Starting with 24 Karat (24K) gold, the rate has slipped to Rs 16,451 per gram, reflecting a drop of Rs 311 from previous day's Rs 16,762. On a bulk basis, 8 grams are now priced at Rs 1,31,608, down by Rs 2,488, while 10 grams cost Rs 1,64,510, marking a fall of Rs 3,110.

For larger investors and jewellers, 100 grams of 24K gold are currently valued at Rs 16,45,100, registering a significant correction of Rs 31,100 from the previous session.

22 Karat Gold Rate Today in India

In the case of 22 Karat, the yellow metal is trading at Rs 15,080 per gram, lower by Rs 285 compared to Rs 15,365 a day earlier. The price for 8 grams stands at Rs 1,20,640, reflecting a decrease of Rs 2,280, while 10 grams are available at Rs 1,50,800, down by Rs 2,850. Meanwhile, 100 grams of 22K gold have declined to Rs 15,08,000, showing a sharp drop of Rs 28,500.

18 Karat Gold Rate Today in India

The softer trend is visible in 18 Karat (18K) gold as well. The per gram rate has eased to Rs 12,338, down by Rs 234 from the previous close of Rs 12,572. For those buying in moderate quantities, 8 grams are priced at Rs 98,704, a fall of Rs 1,872, and 10 grams cost Rs 1,23,380, lower by Rs 2,340. On a larger scale, 100 grams of 18K gold are now trading at Rs 12,33,800, reflecting a decline of Rs 23,400 over the last session.

MCX Gold Price Today: Check Latest Gold Futures Rate

Gold futures in the commodities market witnessed marginal movement in the latest session. As per the available data, FUTCOM GOLD 02APR2026 contract (unit: 10 grams) opened at Rs 1,63,265.00 and touched a low of Rs 1,61,241.00 during the session.

The contract recorded a high of Rs 1,64,047.00, while the last traded price (LTP) stood at Rs 1,61,550.00. The closing price was noted at Rs 1,61,525.00, indicating a marginal absolute change of Rs 25.00, translating into a slight gain of 0.02% for the session.

Gold Rate Outlook Today Amid Middle East Crisis

"With tensions in the Middle East intensifying and energy prices rising, safe-haven demand for gold continues to build. As long as gold sustains above the $5,200 zone, the momentum favors a move toward $5,450-5,600 in the near term. Dips are likely to attract strategic buying rather than aggressive selling," said Mr. Prithviraj Kothari, MD at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd.

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