Gold Prices Drop After Holi While Silver Also Declines: Check Today’s Latest Gold and Silver Rates in Major Cities

Gold prices in India witnessed a slight decline after the Holi festival, bringing some relief for buyers and investors. According to the latest update on March 5, 2026, the price of gold has softened in several major cities across the country, while silver has also recorded a drop in the domestic market.

In Delhi, the price of 24-carat gold is currently ₹164,650 per 10 grams, while 22-carat gold is trading around ₹150,940 per 10 grams. In cities like Mumbai, Chennai, and Kolkata, the price of 24-carat gold stands at approximately ₹164,500 per 10 grams, while 22-carat gold is available at around ₹150,790 per 10 grams.

Even though domestic gold prices have slightly decreased, the international gold market has shown a rise, driven largely by geopolitical tensions in the Middle East. Global investors often turn to gold as a safe-haven asset during uncertain times, which is currently influencing global prices.

Global Gold Market Trends

According to international market data, the spot price of gold increased by nearly 0.8% to $5,176.69 per ounce. Meanwhile, U.S. gold futures for April delivery rose about 1% to $5,186.30 per ounce.

Market analysts say the increase in global prices is mainly linked to rising geopolitical tensions between Israel and Iran. Heightened conflict in the region has created uncertainty in global financial markets, prompting investors to shift toward safer assets such as gold.

Whenever global instability rises, commodities like gold often gain attention because they are considered reliable stores of value during crises.

Gold Prices in Major Indian Cities (March 5, 2026)

Below are the updated gold prices in several major cities across India:

Gold prices vary from city to city mainly due to local taxes, transportation charges, and demand in regional markets.

Silver Prices Today

Silver has also experienced a decline in the domestic market. On March 5, 2026, the price of silver in India is approximately ₹284,900 per kilogram.

However, the international silver market has moved in the opposite direction. Reports indicate that spot silver prices globally have increased by around 1.2%, reaching $84.43 per ounce.

The rise in global silver prices is largely linked to the same geopolitical tensions that are pushing gold prices higher internationally.

Why Gold Prices Fluctuate

Gold prices change frequently due to several economic and global factors. Some of the major influences include:

1. Global Economic Uncertainty

During periods of political conflict or financial instability, investors tend to buy gold as a safe investment.

2. Currency Movements

Gold is traded globally in U.S. dollars. When the dollar strengthens or weakens, gold prices often adjust accordingly.

3. Demand During Festivals and Weddings

In India, gold demand typically increases during festivals and wedding seasons, which can influence prices.

4. Central Bank Policies

Interest rates and monetary policies set by global central banks also play a role in determining gold prices.

Investment Perspective

Experts often suggest that gold can act as a long-term hedge against inflation and market volatility. However, investors should always consider their financial goals and risk tolerance before investing in gold or silver.

With prices fluctuating frequently, keeping track of daily updates can help buyers make better purchasing decisions.