Mumbai, March 5: Gold and silver prices witnessed a notable decline on Thursday. The price of gold fell by approximately ₹2,000 per 10 grams, while silver prices decreased by around ₹7,200 per kilogram.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold decreased by ₹1,962, bringing it down to ₹1,60,586 per 10 grams from ₹1,62,548 per 10 grams. The price of 22-carat gold also saw a drop, falling from ₹1,48,894 to ₹1,47,097 per 10 grams.
The price of 18-carat gold decreased to ₹1,20,440 per 10 grams, down from ₹1,21,911 per 10 grams.
In contrast to gold, silver experienced a sharper decline, with prices dropping by ₹7,135 to ₹2,64,212 per kilogram from ₹2,71,347 per kilogram.
Both spot and futures markets reflected this downward trend in gold and silver prices. As of the time of reporting, the price of gold for the April 2, 2026 contract was down by 0.84% at ₹1,60,165, while the price for the May 5, 2026 silver contract fell by 0.94% to ₹2,63,068.
International markets also reported a decrease in gold and silver prices. On Comex, gold was down by 0.16% at $5,126 per ounce, and silver fell by 0.61% to $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, while gold on Comex is hovering around $5,150 per ounce. Market focus will be on the release of U.S. data, such as unemployment figures and non-farm payrolls, which will likely influence the future direction of gold prices.
Disclaimer: This news is sourced directly from the agency, and our team has not made any edits.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
