Bangalore Gold Silver Rate Today (5 March 2026): Gold Extends Weekly Losses, Silver Holds Steady

Gold prices in India extended their decline for another day on Thursday, March 5, even as global bullion markets strengthened due to geopolitical tensions. Domestic rates for 24 karat, 22 karat and 18 karat gold slipped across major cities including Mumbai, Delhi, Chennai and Bengaluru.

In contrast, silver prices remained stable during the session, showing little change despite volatility in precious metal markets over the past few weeks.

The domestic decline in gold prices comes even as investors globally turn to the metal as a safe-haven asset amid rising tensions involving the United States, Israel and Iran in West Asia.

Gold Prices Continue Weekly Slide in India

India saw a noticeable drop in 24 karat gold prices during the week. On March 5, the all-India rate for 24K gold fell by about ₹98 per gram, bringing the price to ₹16,353 per gram.

10 grams of 24K gold: ₹1,63,530

100 grams of 24K gold: ₹16,35,300

Most metro cities reported similar prices. Cities such as Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune quoted ₹16,353 per gram for 24K gold, while Chennai recorded slightly higher levels at ₹16,495 per gram.

22K and 18K Gold Prices Also Ease

Prices of 22 karat gold also slipped across the country on Thursday.

22K gold price: ₹14,990 per gram

10 grams of 22K gold: ₹1,49,900

100 grams of 22K gold: ₹14,99,000

Meanwhile, 18 karat gold declined to ₹12,263 per gram.

10 grams of 18K gold: ₹1,22,630

100 grams of 18K gold: ₹12,26,300

These declines indicate a continued downward trend in domestic bullion prices through the week.

City-wise Gold Rates on March 5

Gold prices were largely similar across India's major cities with minor variations due to taxes and transportation costs.

In Bengaluru, the price stood at:

24K gold: ₹16,353 per gram

22K gold: ₹14,990 per gram

18K gold: ₹12,265 per gram

MCX Gold Prices Climb in Early Trade

Gold futures for April 2026 delivery on MCX rose during morning trade, reflecting renewed buying interest.

At the time of writing, MCX gold was trading at ₹1,62,334 per 10 grams, up ₹809 or about 0.50 percent compared with the previous close of ₹1,61,525 per 10 grams.

During the session, the contract also touched an intraday high of ₹1,63,142 per 10 grams, highlighting the strong early momentum in the bullion market.

Analysts say the move reflects global safe-haven demand as investors react to rising geopolitical risks and potential inflation pressures.

Global Gold Prices Rise Amid Middle East Tensions

Interestingly, international gold prices moved in the opposite direction. According to global market data, spot gold climbed to around $5,170 per ounce as investors shifted toward safer assets due to escalating geopolitical risks.

Tensions in West Asia have intensified after U.S. and Israeli strikes on Iranian targets, followed by retaliatory missile attacks from Tehran across the region. The situation has prompted investors worldwide to increase exposure to gold.

Market analysts say such conflicts often drive demand for precious metals.

"If the conflict continues or expands further in the region, gold prices could test fresh highs globally and in India," analysts note, especially if crude oil prices remain elevated and the rupee weakens against the US dollar.

Silver Prices Hold Steady in Bengaluru

Unlike gold, silver prices showed no major change on March 5. In Bengaluru, silver was trading at:

₹285 per gram

₹2,85,000 per kilogram

Rates across common quantities-from 1 gram to 1 kg-remained unchanged compared with the previous day.

Recent Silver Price Trend

Although silver prices were stable on Thursday, the metal has seen significant fluctuations over the past few days.

Earlier in the week, silver climbed to around ₹3,15,000 per kg on March 2, before dropping sharply to ₹2,95,000 on March 3 and ₹2,85,000 by March 4-5.

These rapid movements highlight the volatile nature of the silver market, which tends to react more sharply than gold to global economic and industrial demand signals.

Longer-Term Silver Price Movement

The current stability follows a dramatic rally earlier in 2026.

In January 2026, silver prices surged from ₹2,38,000 per kg to ₹3,50,000, briefly touching ₹4,10,000 per kg during the month. February then saw a correction, with prices falling back to ₹2,95,000 by the end of the month.

Despite the recent pullback, silver prices remain significantly higher than levels recorded in late 2025, when the metal traded below ₹2 lakh per kilogram.

Outlook for Precious Metals

Market experts say the outlook for both gold and silver will depend heavily on global economic developments and geopolitical risks.

Rising tensions in West Asia, movements in crude oil prices, currency fluctuations and global interest rate trends are likely to influence bullion markets in the coming weeks.

For now, gold prices in India remain under pressure domestically, while silver appears to be stabilising after weeks of sharp swings.

Oil Prices and Conflict Fuel Market Uncertainty

Global energy markets also reacted strongly to developments in the Middle East conflict.

Brent crude and WTI crude futures were reported to be 3-4 percent higher, reversing earlier losses seen on March 4. Rising oil and gas prices have revived fears of persistent global inflation, which tends to support gold prices as a hedge against rising costs.

The conflict between the United States, Israel and Iran entered its sixth day on March 5, with reports of missile strikes targeting key locations in the region, including energy infrastructure.

The geopolitical escalation has increased volatility across commodity markets and financial assets.