Gold Price Rises by Rs 1,000 for 100g / 24-Carat on July 5; Silver Remains Unchanged Will Rates Rise Further?

Gold Price Today: Gold prices in India took a U-turn today after witnessing yesterday's fall. However, Gold prices are moving in a narrow range after the release of U.S. job data. On Saturday, July 5, the price of 24-carat gold increased by Rs 100, bringing the rate to Rs 98,830 for 10 grams.

Along with today's rise, gold prices have gained over 1.50% recently, as President Trump's $3 trillion tax and spending plan raised concerns about the U.S. fiscal deficit, boosting demand for the metal as a safe-haven. Fresh uncertainty over tariffs also supported gold, although strong U.S. job data limited gains.

Gold Price in India Today:

The price of 24-carat gold in India increased by Rs 100 per 10 grams to Rs 98,830. Similarly, the price of 22-carat gold moved up by Rs 100 to Rs 90,600 per 10 grams. The 18-carat gold rate also rose by Rs 80, now at Rs 74,130 per 10 grams as of Saturday. The 1-gram variant of 24-carat, and 22-carat gold increased by Rs 10 to cost it at Rs 9883 and Rs 9060 while the 1 gram of 18-carat gold moved up by Rs 8 to cost at Rs 7413.

Meanwhile, the price of 100 grams of 22-carat gold is now Rs 9,06,000 after rising by Rs 1,000. For 24-carat gold, 100 grams now costs Rs 9,88,300, up by Rs 1000. Also, the 18-carat gold in 100 grams is now available at Rs 7,41,300 up by Rs 800.

Silver Rate in India Today, July 5:

Silver prices in India remains unchanged on Saturday, July 5. The rate for 1 kg of silver is intact as yesterday at Rs 1,10,000. For 100 grams and other variant prices remained the same costing Rs 1100 for 10 gram, and Rs 11,000 for 100 grams.

Gold and Silver Futures Prices on MCX:

On the MCX, gold futures with 5 August 2025 expiry closed below Rs 97,000, settling at Rs 96,988 per 10 grams, down Rs 2 after touching an intraday low of Rs 96,735 on July 4.
However, Silver futures expiring on September 5, 2025 rose 9 points on Friday, July 4 and closed at Rs 1,08,438.

Gold Price Outlook:

"Gold rose over 1.5% while silver jumped 3% as safe-haven demand increased after President Trump's $3 trillion tax and spending plan raised concerns about the U.S. deficit. Ongoing tariff uncertainty also supported gold, but strong U.S. job data capped further gains.

In Asia, gold demand stayed weak due to high prices. Indian dealers cut discounts to boost slow jewelry sales, while Chinese gold premiums rose to $33/oz," noted Ajay Kedia, Director of Kedia Advisory.

Gold Prices in Major Cities Today: July 5

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