Gold Rate Today in India: The positive momentum in bullion continued on Wednesday with a surge in the gold price of around Rs 500 in the morning. On 5 March, gold was trading higher at Rs 80,650 per 10 grams for 22-carat and Rs 87,980 per 10 grams for 24-carat in Mumbai.
Silver, however, traded flat on Wednesday morning.
On MCX, gold was trading lower at Rs 85,994 per 10 grams, while silver surged 0.42 per cent to trade at Rs 96,664 per kg.
Gold price’s rally continues
Yesterday, the gold price witnessed a strong momentum to gain Rs 1250 in two days. It jumped Rs 700 amid the Donald Trump’s tariff threats before weakening a bit due to rupee adjustment. Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, “The rally in gold was driven by fresh tariff retaliations, with Canada and China imposing tariffs on the US, fuelling safe-haven demand.”
Here’s a detailed breakdown of gold prices across key cities (March 5, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
| Delhi | Rs 80,800 | Rs 88,130 |
| Jaipur | Rs 80,800 | Rs 88,130 |
| Ahmedabad | Rs 80,700 | Rs 88,030 |
| Patna | Rs 80,700 | Rs 88,030 |
| Mumbai | Rs 80,650 | Rs 87,980 |
| Hyderabad | Rs 80,650 | Rs 87,980 |
| Chennai | Rs 80,650 | Rs 87,980 |
| Bengaluru | Rs 80,650 | Rs 87,980 |
| Kolkata | Rs 80,650 | Rs 87,980 |
Silver Price Today In India (March 5, 2025)
On the other hand, silver prices also traded flat at Rs 98,000 per kg in the spot market across major Indian cities.
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.
