Precious metal prices in India showed upward movement on August 5, 2026, with both gold and silver futures posting gains on the Multi Commodity Exchange (MCX). This increase comes as market participants closely monitor global economic data, US interest rate expectations, and currency fluctuations, all of which impact bullion trends.
MCX Futures Performance Today
On the Multi Commodity Exchange (MCX), gold and silver futures saw notable increases during trading hours on August 5.
Gold Futures
- Gold futures advanced by 0.60%, reaching approximately ₹1.45 lakh per 10 grams.
- The precious yellow metal touched a peak of ₹1,45,165 per 10 grams.
Silver Futures
- Silver futures recorded a rise of around 0.99%, trading at about ₹2.23 lakh per kilogram.
- Silver rates peaked at ₹2,23,800 per kilogram.
Retail Gold and Silver Rates Across India (August 5)
Retail prices for both 24-karat and 22-karat gold, as well as silver, varied slightly across major Indian cities on August 5, reflecting the overall market trends.
24-Karat Gold Rates (per 10 grams)
- Delhi: ₹1,44,140
- Mumbai: ₹1,43,990
- Bengaluru: ₹1,43,990
- Kolkata: ₹1,43,990
- Hyderabad: ₹1,43,990
- Chennai: ₹1,43,990
22-Karat Gold Rates (per 10 grams)
- Delhi: ₹1,32,140
- Mumbai: ₹1,31,990
- Bengaluru: ₹1,31,990
- Kolkata: ₹1,31,990
- Hyderabad: ₹1,31,990
- Chennai: ₹1,31,990
Silver Rates (per kilogram)
- Delhi: ₹2,34,900
- Mumbai: ₹2,34,900
- Bengaluru: ₹2,34,900
- Kolkata: ₹2,34,900
- Hyderabad: ₹2,34,900
- Chennai: ₹2,34,900
Jeweller-Specific Gold Rates (August 4)
Leading jewellery retailers also reported their gold prices for August 4, 2026, with minor differences influenced by brand policies and regional market conditions.
- Joyalukkas (22K): ₹13,200 per gram
- Malabar Gold & Diamonds (22K): ₹13,200 per gram; (24K): ₹14,422 per gram
- Tanishq (22K): ₹13,245 per gram; (24K estimated): ₹14,415 per gram
Factors Influencing Precious Metal Prices
The stability and fluctuations in gold and silver prices are largely influenced by a confluence of global factors. Weakness in international bullion markets can weigh on domestic rates, while expectations regarding US interest rates, the movement of global currencies, and broader economic data also play significant roles in determining the future direction of these precious metals.