Gold and silver prices declined across multiple Indian cities on March 5, 2026, marking a correction after recent volatility in domestic bullion markets. Gold saw a consistent fall across major centres after rallying earlier in the week, which prompted traders to book profits.
Silver prices also eased, following a sharp rise earlier that had pushed rates above ₹3 lakh per kilogram in some markets. The price movements aligned with global factors, including currency fluctuations and softer international spot rates.
| City | 24 Carat Gold (₹ per 10 grams) | Change |
| Chennai | 162,280 | -980 (-0.60%) |
| New Delhi | 164,660 | -1,100 (-0.66%) |
| Mumbai | 163,530 | -980 (-0.59%) |
| Kolkata | 163,530 | -980 (-0.59%) |
| Bangalore | 163,500 | -1,020 (-0.62%) |
| Hyderabad | 163,600 | -1,000 (-0.61%) |
Gold prices declined across major cities compared with the previous trading session. The drop follows a recent rally that pushed domestic prices close to record levels earlier in the week, leading to profit-taking and mild corrections in the market.
| City | Silver Rate (₹ per kilogram) | Change |
| Chennai | 285,000 | -9,900 (-3.36%) |
| New Delhi | 284,900 | -8,700 (-2.96%) |
| Mumbai | 285,000 | -9,100 (-3.09%) |
| Kolkata | 285,000 | -8,900 (-3.03%) |
| Bangalore | 285,000 | -9,300 (-3.16%) |
| Hyderabad | 285,000 | -9,500 (-3.21%) |
Silver prices eased across several markets after a strong rally earlier in the week. Domestic prices have moved lower amid profit-booking and easing international spot prices after touching recent highs.
Gold prices across Indian cities recorded a decline during the session as markets witnessed profit-taking after recent gains. The metal had previously surged amid geopolitical tensions and safe-haven demand but is now experiencing short-term corrections in domestic trading.
Meanwhile, silver prices remained under pressure after the recent surge that had pushed the metal above ₹3 lakh per kilogram earlier in the week. Market participants continue to monitor global economic conditions, currency movements, and geopolitical developments that can influence bullion prices in the near term.
Read More: Gold And Silver ETFs Drop Sharply.
Gold and silver prices registered declines across major Indian cities on March 5, 2026, following elevated levels earlier in the week. Gold saw moderate corrections, while silver recorded sharper declines due to recent rallies.
The movements reflected global cues, rupee dynamics and short‑term profit‑booking behaviour. As global economic indicators evolve, bullion prices may remain sensitive to shifts in international market sentiment.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 5, 2026, 9:58 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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