Gold rates in India and silver rates reversed their early trends and traded lower on March 5, 2026. Both MCX gold and silver prices have erased their gains to trade on a bearish note. MCX gold is below Rs 1.61 lakh mark and MCX silver drops below Rs 2.62 lakh mark.
Meanwhile, spot gold price rose above $5,180 with nearly 1% upside, and spot silver is also up by 2% to trade around $85 per ounce. Brent crude and WTI crude futures have gained by 3% to 4% after falling slightly in the evening of March 4th.
The US-Israel and Iran conflict has entered into the sixth day, with heavy missile attacks on several regions of the Middle East, including energy facilities.
President Donald Trump backed the American campaign, while US officials said an Iranian warship was sunk in international waters. Iranian authorities denied reports that their intelligence ministry had approached Washington for negotiations, calling the claims false. Meanwhile, the Treasury Secretary confirmed a global 15% tariff will begin this week and may revert within five months. Higher oil and gas prices have revived inflation concerns, prompting traders to delay expectations for easing by the Federal Reserve, with a first cut now seen in September and two reductions still priced in for 2026, as per Trading Economics.
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Mar 05, 2026, 5:06 pm IST
Gold Rates T0day Live: Why Gold Prices Are Continuously Falling?
Gold rates in India continued to drop for the fourth consecutive day on March 5, 2026. A similar trend has been witnessed across the metro cities, with 24 carat falling the most. 10 grams gold has slipped by 1,630 and 100 grams nosedived by Rs 16,300 in Mumbai and Bengaluru. One of the main reason why gold prices are not able to fetch strong returns despite geopolitical tensions rising, is the uncertainty in inflation trajectory and expectations of looser monetary policy.
Gold Rates In India Today Live: 18 Carat Gold Prices Decline For 4th Day
Gram
Today
Yesterday
Change
1
₹12,216
₹12,338
- 122
8
₹97,728
₹98,704
- 976
10
₹1,22,160
₹1,23,380
- 1,220
100
₹12,21,600
₹12,33,800
- 12,200
Under 18 carat, 10 grams gold price tumbled by Rs 1,220 to Rs 1,22,160 and 100 grams gold dropped by Rs 12,200 to Rs 12,21,600. Additionally, 8 grams gold decreased by Rs 976 to Rs 97,728 and 1 gram gold edged lower by Rs 122 to Rs 12,216.
Mar 05, 2026, 5:04 pm IST
Gold Rates In India Today Live Updates: 22 Carat Gold Prices Drop Steeply
Gram
Today
Yesterday
Change
1
₹14,930
₹15,080
- ₹150
8
₹1,19,440
₹1,20,640
- ₹1,200
10
₹1,49,300
₹1,50,800
- ₹1,500
100
₹14,93,000
₹15,08,000
- ₹15,000
22 carat gold prices plunged by Rs 1,500 to Rs 1,49,300 per 10 grams, and nosedived by Rs 15,000 to Rs 14,93,000 per 100 grams. Also, 8 grams gold dipped by Rs 1,200 to Rs 1,19,440 and 1 gram gold is lower by Rs 150 to Rs 14,930.
Mar 05, 2026, 5:03 pm IST
Gold Rates In India Today Live: 24 Carat Gold Prices In India Continue To Fall
Gram
Today
Yesterday
Change
1
₹16,288
₹16,451
- ₹163
8
₹1,30,304
₹1,31,608
- ₹1,304
10
₹1,62,880
₹1,64,510
- ₹1,630
100
₹16,28,800
₹16,45,100
- ₹16,300
24 carat gold price dropped by Rs 1,630 to Rs 1,62,880 per 10 grams, while 100 grams gold plunged by Rs 16,300 to Rs 16,28,800. Further, 8 grams gold in 24 carat declined by Rs 1,304 to Rs 1,30,304 and 1 gram is lower by Rs 163 to Rs 16,288.
After trading around ,180 levels, spot gold price retreated mildly to trade around ,160 per ounce. The performance is still up however with limited upside. As per Trading Economics, The conflict entered a sixth day, with US and Israeli forces striking targets across Iran and Tehran retaliating with missile attacks on several neighboring states, including key energy facilities. Meanwhile, higher oil and gas prices have revived inflation concerns, prompting traders to delay expectations for easing by the Federal Reserve, with a first cut now seen in September and two reductions still priced in for 2026.
Mar 05, 2026, 12:01 pm IST
Silver Rates Today Live: Track Silver Prices In India Today
There was a sudden shift in MCX silver price movement which had gained about 3.3% and touched an intraday high of Rs 2,74,251 per 1Kg in the opening bell of March 5. At the time of writing, MCX silver has plunged by over 1% to trade around Rs 2,62,731 per 1Kg. It also hit an intraday low of Rs 2,57,992 per 1Kg, which is a Rs 7,568 drop from previous day's price of Rs 2,71,768 per 1Kg.
Mar 05, 2026, 11:58 am IST
Gold Rates Today Live: Track Gold Rates In India Performance
Stay tuned for real-time updates in gold prices in India across its cities. You can track the movement of 24 carat, 22 carat and 18 carat gold prices.
MCX gold with April 2026 expiry has reversed its trend to trade lower by nearly 0.5% to Rs 1,60,755 per 10 grams. The bullion is near its intraday low of Rs 1,60,503 per 10 grams after hitting the day's high of Rs 1,63,142 per 10 grams in the opening bell.
Mar 05, 2026, 9:54 am IST
Gold Rates & Silver Rates Today Live Updates: Should You Buy MCX Gold & Silver?
Analysts at Nirmal Bang in their report dated March 5, said, "Gold prices are expected to pullback. One can sell at 164000 with a stop loss of 165500 for the target at 162000-160000." In case of silver, analysts added that silver prices are expected to pullback. Traders can sell at 273000 with a stop loss of 280000 for the target at 263000-258000.
MCX silver with May 2026 expiry held above Rs 2.70 lakh per 1Kg mark. At the time of writing, MCX silver traded higher by Rs 4,740 or 1.8% to trade at Rs 2,70,300 per 1Kg. This precious metal has touched an intraday high of Rs 2,74,251 per 1Kg, higher from Rs 2,65,560 per 1Kg of the previous day.
Mar 05, 2026, 9:53 am IST
Gold Rates Today Live: MCX Gold Price Jumps
At the time of writing, MCX gold price with April 2026 expiry traded at Rs 1,62,334 per 10 grams, higher by Rs 809 or 0.50%. The bullion touched an intraday high of Rs 1,63,142 per 10 grams, compared to its previous day's closing of Rs 1,61,525 per 10 grams.
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