Gold Price Today in India (August 5): Gold prices in India remained in focus on August 5 as domestic bullion tracked strong gains in the international market. Global gold prices climbed to their highest level in nearly a month after a weaker US dollar and lower crude oil prices boosted demand for safe-haven assets. Investors also shifted their attention to upcoming US labour market data, which could provide fresh clues about the Federal Reserve’s next interest rate decision.Â
In the domestic market, retail gold prices continued to remain elevated across major cities, while traders closely monitored movements in MCX gold futures and international bullion markets. Buyers planning jewellery purchases or long-term investments are also comparing daily retail prices before making fresh purchases.
Gold Price Today in India (August 5): 18K, 22K, 24K
Gold continued to trade at elevated levels on August 5 as strong global bullion prices supported sentiment in the domestic market. Demand for the yellow metal remained firm amid continued geopolitical uncertainty and expectations that the US Federal Reserve could adopt a more cautious policy stance if economic data weakens.
Gold Price Today in India (August 5): Domestic Gold Prices
According to the latest benchmark rates:
- 24 Karat Gold (99.9% purity): ₹14,422 per gram (₹1,44,220 per 10 grams)
- 22 Karat Gold (91.6% purity): ₹13,220 per gram (₹1,32,200 per 10 grams)
- 18 Karat Gold: ₹10,816 per gram (₹1,08,160 per 10 grams)
Retail prices may vary slightly depending on local taxes, making charges, GST and jeweller margins.
Gold Price Today in India (August 5): City-wise Gold Rate Today (Per 10 Grams)
Here are the city-wise gold rates:Â
Delhi Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Mumbai Gold Rate Today (August 5)
- 24K Gold: ₹1,44,170
- 22K Gold: ₹1,32,150
- 18K Gold: ₹1,08,130
Chennai Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Bengaluru Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Hyderabad Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Kolkata Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Kerala Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Pune Gold Rate Today (August 5)
- 24K Gold: ₹1,44,170
- 22K Gold: ₹1,32,150
- 18K Gold: ₹1,08,130
Ahmedabad Gold Rate Today (August 5)
- 24K Gold: ₹1,44,170
- 22K Gold: ₹1,32,150
- 18K Gold: ₹1,08,130
Lucknow Gold Rate Today (August 5)
- 24K Gold: ₹1,44,220
- 22K Gold: ₹1,32,200
- 18K Gold: ₹1,08,160
Gold Price Today in India (August 5): MCX Performance
Gold futures on the Multi Commodity Exchange (MCX) remained in focus as global bullion extended its rally for the third consecutive session. Internationally, spot gold surged 2.4% to $4,175.53 per ounce, its highest level in about a month, while US gold futures climbed 2% to $4,235.30 per ounce. The rally was driven by a weaker US dollar and declining crude oil prices, which eased inflation concerns and increased the appeal of non-yielding assets such as gold.
Market participants are now awaiting key US economic indicators, including the ADP employment report and the July non-farm payrolls data, which could influence expectations for the Federal Reserve’s next policy move. Traders currently see a reduced probability of a September rate hike compared with earlier estimates, providing additional support to bullion prices.
Gold Price Today in India (August 5): Key Considerations For Buyers
Before purchasing gold, buyers should keep these points in mind:
- Buy only BIS Hallmarked jewellery with a valid HUID.
- Compare prices across multiple jewellers before making a purchase.
- Check the latest benchmark gold rates before buying.
- Remember that MCX prices represent futures contracts, while retail jewellery prices include GST and making charges.
- Request a proper invoice mentioning purity, weight, HUID, making charges and taxes.
- Compare jewellery, gold coins, bars and digital gold based on your investment goals.
- Keep track of global developments such as the US Federal Reserve’s policy decisions, movements in the US dollar, crude oil prices and geopolitical tensions, as these factors significantly influence domestic gold prices.
