Mumbai, March 5: Gold and silver prices have seen a notable decline on Thursday. The price of gold has dropped by approximately ₹2,000 per 10 grams, while silver has decreased by around ₹7,200 per kilogram.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold has fallen by ₹1,962, now standing at ₹1,60,586 per 10 grams, down from ₹1,62,548. The price for 22-carat gold has decreased from ₹1,48,894 to ₹1,47,097 per 10 grams.
The price of 18-carat gold has also dropped, now at ₹1,20,440 per 10 grams, down from ₹1,21,911.
In contrast to gold, silver has experienced a sharper decline. Its price has fallen by ₹7,135, bringing it down to ₹2,64,212 per kilogram from ₹2,71,347.
Both spot and futures markets have reflected this downward trend in gold and silver prices. As of the time of reporting, the price for gold contracts set for April 2, 2026, has decreased by 0.84%, now at ₹1,60,165. Meanwhile, silver contracts for May 5, 2026, have dropped by 0.94%, currently priced at ₹2,63,068.
International markets are also witnessing a decline in gold and silver prices. As of the latest updates, gold on Comex is down by 0.16%, priced at $5,126 per ounce, while silver has decreased by 0.61%, now at $82.68 per ounce.
Jatin Trivedi from LKP Securities noted that domestic gold prices have remained within a limited range of ₹1,60,000 to ₹1,63,000 per 10 grams. On Comex, gold is hovering around $5,150 per ounce. Market focus will shift to upcoming U.S. data releases, including unemployment figures and non-farm payrolls, which will likely influence the future direction of gold prices.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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