The gold rate today saw the highest spike as an increase of ₹700 in the price of 10 grams of gold on March 5, 2025. The price of 24-carat gold stands at ₹87,200, while that of 22-carat gold stands above ₹80,100 in major cities across the country. Also, the price of 1 kg of silver stands at ₹96,800.
Check the latest gold and silver prices for March 5, 2025, for a better understanding of why the trend has seen a rise.
Reasons for Gold Price Rise
The gold price surge lately comes amid global economic instability, mainly fuelled by rising trade tensions. The announcement of new tariffs by the US on countries like Canada, Mexico, and China rendered the international markets uncertain. Therefore, investors turned their focus on safe-haven assets such as gold, hence increasing its demand and prices.
Also, interest rate cuts by the US Federal Reserve are fuelling further gold price rises. Weak economic indicators, such as a rising unemployment rate, decreased consumer spending, and sluggish housing data, have raised expectations of a cut. A decrease in interest rates erodes confidence in the US dollar, while at the same time increasing their appeal to non-interest-bearing assets like gold.
Other factors influencing this have been
- Central banks are buying gold reserves as a hedge against a recession in the world economy.
- Market volatility arising from retaliatory tariffs aimed at Canada and China.
- Collectively, these aspects are further reinforcing gold as a refuge during uncertain times as an investment option.
Gold Prices in Delhi and Mumbai
Thus, in Delhi our 22-karat gold would sell at ₹80,260 for 10 grams and 24-karat gold ₹87,540 for 10 grams while the price in Mumbai has been indicated as ₹80,110 for the 22-karat gold and ₹87,390 for the 24-karat gold.
| City Name | 22 carat gold rate | 24 carat gold rate |
| Delhi | 80,260 | 87,540 |
| Chennai | 80,110 | 87,390 |
| Mumbai | 80,110 | 87,390 |
| Kolkata | 80,110 | 87,390 |
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