Gold and Silver Rate Today 5 March 2026: Gold Prices Fall for Fourth Day
Gold and Silver Rate Today: Good news has arrived for people planning to buy gold. After rising sharply in recent weeks, gold prices in India are now declining steadily. According to the latest market data, gold rates have dropped for the fourth consecutive day, bringing some relief to buyers during the ongoing wedding season.
The sudden fall in prices has caught the attention of investors, jewellery buyers, and traders across the country. Along with gold, silver prices have also seen a major decline in the market.
Global Market Impact on Gold Prices
Gold prices recently experienced extreme volatility due to rising geopolitical tensions across several regions of the world. The conflict between Iran and Israel, along with instability in parts of Central Asia, had pushed gold prices to record levels.
During that period, international gold prices surged by more than â‚ą10,000 per ounce in a short time. However, the market has now started correcting itself.
The strengthening of the US Dollar Index and a sharp increase in US bond yields have reduced demand for gold as a safe-haven asset. As a result, international spot gold prices dropped from around $5400 per ounce to nearly $5180 per ounce, causing domestic gold prices to fall as well.
Gold Prices Today in Major Indian Cities
Gold prices across major Indian cities have shown a slight decline compared to yesterday. Over the last three days alone, 24-carat gold has fallen by nearly â‚ą8,580 per 10 grams.
Hyderabad, Vijayawada and Visakhapatnam
- 24 Carat Gold (10g): â‚ą1,64,500
- 22 Carat Gold (10g): â‚ą1,50,790
- 18 Carat Gold (10g): â‚ą1,23,380
Bengaluru
- 24 Carat Gold: â‚ą1,64,500
- 22 Carat Gold: â‚ą1,50,790
Chennai
- 24 Carat Gold: â‚ą1,65,810
- 22 Carat Gold: â‚ą1,51,990
New Delhi
- 24 Carat Gold: â‚ą1,64,650
- 22 Carat Gold: â‚ą1,50,940
The slight difference in prices between cities is due to local taxes, transportation costs, and jeweller margins.
Silver Prices See Sharp Drop
Silver prices have also followed the downward trend seen in gold. In a surprising move, silver prices dropped significantly within a single day, creating major buzz in the bullion market.
International silver prices declined from $95 to nearly $84, which directly impacted domestic prices.
Today’s Silver Prices (1 KG)
- Hyderabad – ₹2,94,900
- Chennai – ₹2,94,900
- Delhi – ₹2,84,900
- Bengaluru – ₹2,84,900
Market analysts say that silver prices may remain volatile depending on global economic developments and industrial demand.
Why Gold Prices Are Falling
Several factors are currently influencing the decline in gold prices:
- Strengthening of the US dollar
- Rising US bond yields
- Profit booking by investors after record highs
- Reduced safe-haven demand in global markets
These factors together have triggered a correction in gold prices over the past few days.
FAQ – Gold and Silver Prices
Why did gold prices fall today?
Gold prices fell due to the strengthening US dollar, rising bond yields, and profit booking by investors after recent price spikes.
What is the gold price in Hyderabad today?
In Hyderabad, the price of 24-carat gold is around â‚ą1,64,500 per 10 grams, while 22-carat gold is priced at â‚ą1,50,790.
What is today’s silver rate in India?
Silver prices are around â‚ą2,94,900 per kg in Hyderabad and Chennai, while in Delhi and Bengaluru it is around â‚ą2,84,900 per kg.
Is this a good time to buy gold?
Experts suggest that the current price correction could be a good opportunity for buyers, especially during the wedding season.
Conclusion
The recent decline in gold and silver prices has brought relief to jewellery buyers across India. After witnessing record highs due to global tensions, the bullion market is now showing signs of correction. If the current trend continues, buyers may get better opportunities to purchase gold at slightly lower prices in the coming days.
However, since gold prices depend heavily on international market movements, investors and buyers should keep an eye on global economic developments before making major purchasing decisions.
