Gold Rate Today (May 5, 2026):India’s gold market opened on a slightly positive note on Tuesday, May 5, 2026, even as global cues and geopolitical concerns continue to keep prices volatile. On the Multi Commodity Exchange (MCX), 24-carat gold futures rose by 0.04 per cent, adding Rs 61.00 to reach Rs 1,49,400 per 10 grams in early trade. This comes after the previous session’s close at Rs 1,49,339. Data from the Indian Bullion and Jewellers Association (IBJA) indicates that gold is trading at Rs 1,48,100 per 10 grams as of Tuesday morning. Meanwhile, the All India Sarafa Association reported a decline in 99.9 per cent puritygold, bringing it down to Rs 1,52,800 per 10 grams (inclusive of taxes).
Despite the modest gain, prices remain well below the all-time high of Rs 1,80,779 recorded on January 29, 2026, highlighting the recent cooling in the rally.
According to Goodreturns, retail prices for 24-carat gold are currently hovering around Rs 1,49,770 per 10 grams. On the global front, spot gold prices slipped to $4,565.68 per ounce, reflecting pressure from macroeconomic factors and currency movements.
24K, 22K, 18K Gold Rate In Delhi, Chennai, Mumbai And Other Major Cities
Recent movements in gold prices are closely tied to global economic signals. According to news agency PTI, Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities, said that gold prices fell in a low-volume trading session on Monday amid high energy prices and continued uncertainty over US-Iran talks. He said that rising oil prices are likely to keep interest rates high for a long time. They are expected to rise further towards the end of the year. Gandhi said that this outlook supported both the dollar and US bond yields. Both of these rose during the session, putting pressure on precious metal prices.
Adding to this, Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said that spot gold remained lower and hovered around $4,560 per ounce as crude oil prices rose amid continued uncertainty in the Strait of Hormuz.
Gaurav Garg, research analyst at Lemon Markets Desk, said in the report that gold prices have remained largely range-bound. Continued inflation concerns and the prospect of higher interest rates have put some pressure on prices. However, global tensions are also providing some support to prices.
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