Gold Rate Today: Today, on 5 March 2025, the gold rate rose. The price of 10 grams of gold has become expensive up to Rs 700. On Wednesday, 24 carat gold prices are trading around Rs 87,200 and 22 carat gold above Rs 80,100. The price of one kilogram of silver is at the level of Rs 96,800. Check the gold-silver price of March 5 today.
Why Gold became expensive?
Global economic instability and trade stress are the main reasons behind the recent increase in gold prices. Uncertainty in the international market increased after US President Donald Trump’s announcement of levying new fees on Canada, Mexico and China, leading to investors’ trend towards safe assets. Increased trade tension put pressure on the dollar and investors adopted gold as a safe haven asset, leading to a jump in its prices. In addition, China and Canadian’s announcement to respond to the American tariff also increased market volatility, increasing the demand for gold.
On the other hand, the possible interest rate deduction of the US Federal Reserve is also a major reason for the rise in gold prices. Due to the recently released weak economic data, rising unemployment rate, decline in consumer spending and weak residential data, the possibility has increased that the Federal Reserve may soon cut interest rates. When the interest rates are low, the dollar is weak and increases the attractiveness of gold such as non-onion assets. Apart from this, the possibility of global recession and increasing gold purchases by central banks have also strengthened its prices.
Gold becomes cheaper in Delhi-Mumbai
The price of 22 carat gold in Delhi was Rs 80,260 per 10 grams. In Delhi, 24 carat gold is made at Rs 87,540 per 10 grams. The price of 22 carat gold in Mumbai is trading at Rs 80,110 and 24 carat gold at Rs 87,390 per 10 grams. Learn here the price of gold in 4 big cities of the country 5 March 2025.
| City name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 80,260 | 87,540 |
| Chennai | 80,110 | 87,390 |
| Mumbai | 80,110 | 87,390 |
| Kolkata | 80,110 | 87,390 |
Silver rate
On 5 March 2025, the silver rate was Rs 96,800 per kg. Today, silver price has come down by Rs 100 as compared to yesterday. The silver rate yesterday was Rs 98,900.
How is the price of gold decided?
The price of gold in India varies due to many reasons, such as international market prices, government tax and rupee fluctuations. Gold is not only a means of investment, but also an important part of our traditions and festivals. Especially during marriage and festivals, its demand increases.
Gold Price Today: Gold and silver prices rose, gold crosses Rs 89,000 in Delhi