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Gold Prices Tumble: 24K Drops Rs 270/gram!
5 Mar
Summary
- Gold rates decreased on March 5, 2026, after prior day's rise.
- 24K gold saw a significant drop of Rs 270 per gram.
- Major jewellery brands reflect the downward trend in retail prices.
Gold prices have seen a slight decline on the morning of March 5, 2026, after a rise the previous day. The India Bullion and Jewellers Association (IBJA) reported significant drops across different gold purities. Notably, 24K gold decreased by Rs 270 per gram, and 22K gold also registered a fall.
As of March 5, 2026, the indicative retail selling rate for Fine Gold (999) was Rs15,985 per gram. Other purities like 22K, 20K, 18K, and 14K gold also saw corresponding reductions in their prices. Silver (999) was priced at Rs 2,57,800 per kg.
Major jewellery brands, including Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas, have adjusted their retail prices to reflect this market trend. For instance, Tanishq's 22k gold jewellery price fell by Rs 90 per gram on March 5, 2026.
