Gold Rates Today (March 5, 2026): Gold Rates Fall Continues In Mumbai, Bengaluru; 24K, 22K, 18K Gold

Gold rates in India continued to drop for the fourth consecutive day on March 5, 2026. A similar trend has been witnessed across the metro cities, with 24 carat falling the most. 10 grams gold has slipped by 1,630 and 100 grams nosedived by Rs 16,300 in Mumbai and Bengaluru. One of the main reason why gold prices are not able to fetch strong returns despite geopolitical tensions rising, is the uncertainty in inflation trajectory and expectations of looser monetary policy.

Today Gold Rates In India:

On March 5th, 10 grams of 24 carat gold plunged by Rs 1,630 to Rs 1,62,880 and 100 grams nosedived by Rs 16,300 to Rs 16,28,800.

This comes after 100 grams gold price plunged by Rs 31,100 on March 4th, followed by Rs 28,900 decline on March 3rd and a drop of Rs 25,800 on March 2nd.

Gold Rates In Mumbai + Gold Rates In Bengaluru:

Gold rates are same in both the cities and they recorded similar downside on March 5th.

That being said, 24 carat gold price dropped by Rs 1,630 to Rs 1,62,880 per 10 grams, while 100 grams gold plunged by Rs 16,300 to Rs 16,28,800. Further, 8 grams gold in 24 carat declined by Rs 1,304 to Rs 1,30,304 and 1 gram is lower by Rs 163 to Rs 16,288.

Furthermore, 22 carat gold prices plunged by Rs 1,500 to Rs 1,49,300 per 10 grams, and nosedived by Rs 15,000 to Rs 14,93,000 per 100 grams. Also, 8 grams gold dipped by Rs 1,200 to Rs 1,19,440 and 1 gram gold is lower by Rs 150 to Rs 14,930.

Meanwhile, under 18 carat, 10 grams gold price tumbled by Rs 1,220 to Rs 1,22,160 and 100 grams gold dropped by Rs 12,200 to Rs 12,21,600. Additionally, 8 grams gold decreased by Rs 976 to Rs 97,728 and 1 gram gold edged lower by Rs 122 to Rs 12,216.

Why 24 Carat, 22 Carat, 18 Carat Gold Rates Are Crashing?

Explaining in detail, Ross Maxwell, Global Strategy Operations Lead, VT Markets said that gold's increase this year has been down to persistent inflation uncertainty, heightened geopolitical tensions, and expectations of looser monetary policy in major economies.

From a sustainability perspective, markets do not move in a linear, but the underlying drivers supporting gold remain in place. He said, "Real interest rates are still critical."

If global central banks gradually move toward rate cuts while inflation remains sticky, then Maxwell believes that the opportunity cost of holding gold falls, helping prices consolidate at higher levels rather than set off a sharp correction. Adding he said, "This would lead to a period of consolidation or more moderate gains which would be more sustainable than increase at the rates we have seen."

Apart from this, investor flows also suggest the safe-haven demand is still very much present. Institutional allocations to gold have increased, yet they remain below the extremes seen during previous crises. Continued geopolitical uncertainty, fragile global growth expectations, and currency volatility is still likely to encourage inflows.

Accordingly, Maxwell, said that regional demand is also supportive of gold prices. Central bank purchases in emerging markets across Asia have become a large part of demand as countries diversify reserves away from traditional currencies. Strong retail and jewellery demand in markets such as India, often tied to cultural buying seasons and rising middle-class wealth, adds another layer of domestic demand.

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