Gold prices in India have maintained a steady trend today, March 5, 2026, following a period of significant volatility earlier in the week. After a sharp three-day correction that saw prices tumble from historic highs, the yellow metal has settled near the ₹1,64,500 per 10 grams mark for 24K gold.
According to the latest live updates from Goodreturns, gold remains a focal point for investors as the market balances global geopolitical tensions against a strengthening US Dollar.
Today’s Gold Rate in India (March 5, 2026)
As of today, gold prices have seen a marginal dip of ₹1 per gram, signaling a cooling-off period after the drastic “crash” experienced on March 4th.
Gold Price Table (24K and 22K Purity)
| Quantity | 24K Gold Price (INR) | 22K Gold Price (INR) | Change (24K) |
| 1 Gram | ₹16,450 | ₹15,079 | – ₹1 |
| 8 Grams | ₹1,31,600 | ₹1,20,632 | – ₹8 |
| 10 Grams | ₹1,64,500 | ₹1,50,790 | – ₹10 |
| 100 Grams | ₹16,45,000 | ₹15,07,900 | – ₹100 |
Note: Prices are indicative and exclude 3% GST, making charges, and other local taxes.
Gold Rates in Major Indian Cities
While the base price remains consistent, local demand and logistics cause variations across metros. Chennai continues to trade at a premium compared to other major cities.
| City | 24K Gold (per 10g) | 22K Gold (per 10g) |
| Chennai | ₹1,65,810 | ₹1,51,990 |
| Mumbai | ₹1,64,500 | ₹1,50,790 |
| Delhi | ₹1,64,650 | ₹1,50,940 |
| Kolkata | ₹1,64,500 | ₹1,50,790 |
| Bangalore | ₹1,64,500 | ₹1,50,790 |
| Hyderabad | ₹1,64,500 | ₹1,50,790 |
Why did Gold Prices Crash This Week?
The recent “nosedive” in gold prices is attributed to several key macroeconomic shifts:
- Dollar Index (DXY) Surge: The US Dollar has firmed up significantly, trading near the 99 mark. A stronger dollar makes gold more expensive for holders of other currencies, leading to a drop in demand and price.
- Profit Booking: After hitting record highs earlier in March (near ₹17,300/gram for 24K), institutional investors began aggressive profit booking to capitalize on the rally.
- Global Market Sentiment: Despite the ongoing Middle East crisis, the lack of immediate fresh escalation has allowed some of the “safe-haven premium” to evaporate from gold’s current valuation.
- Treasury Yields: Rising US Treasury yields have increased the opportunity cost of holding non-yielding assets like gold.
Investment Outlook: Is it Time to Buy?
The current correction of over ₹85,000 per 100 grams in just three days has caught the attention of retail buyers. Experts suggest that while short-term volatility remains high, the broader trend for gold stays constructive.
- Jewellery Demand: With the wedding season in full swing across India, the current price dip is expected to boost physical demand.
- Gold ETFs vs. Physical Gold: In 2026, Indian investors have shown a record preference for Gold ETFs, which offer higher liquidity and no making charges compared to physical bullion.
Conclusion
Today’s gold price in India offers a much-needed stabilization after a turbulent week. For long-term investors, such corrections are often viewed as strategic entry points. However, given the current market sensitivity to US economic data and geopolitical headlines, it is vital to track live rates.
For real-time updates and historical price trends, visit the Goodreturns gold rates page.
Disclaimer: The rates mentioned are for informational purposes only. Gold prices are subject to market risks. Please consult with a financial advisor or authorized jeweler before making investment decisions.