Gold rate today: Yellow metal's prices soar; check the latest rates in your city on August 5

Gold rate today

Gold prices extended its sharp rise on August 5. Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,01,133 per 10 grams today.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 5:

Also read: Gold rises for fourth session as US jobs data lifts Fed rate cut bets

"The rally was supported by increased expectations of a rate cut following weaker-than-anticipated Non-Farm Payrolls data and concerns over a potential economic slowdown triggered by new tariffs, which enhanced the appeal of safe-haven assets like gold," said Axis Securities.

"Tariff-related concerns and rupee depreciation added to the upside momentum. Looking ahead, focus shifts to the upcoming RBI policy and U.S. manufacturing data. Gold is expected to remain volatile within a broader range of ₹98,000–₹1,02,500," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

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