Gold, Silver Rate Today (Mar 5) – Live Updates: Bullions hit as West Asia conflict drives oil prices, dollar demand; Gold dips 0.06% just above Rs 1.61 lakh on MCX, silver over 1% down to Rs 2.62 lakh

Gold extended gains in late evening trade on March 5, with MCX gold rising to Rs 1,61,913 per 10 grams, up Rs 388 or 0.24% from the previous close of Rs 1,61,525 at 17:48 IST. MCX silver climbed 1.19% to Rs 2,68,725 per kg, gaining Rs 3,165 over Rs 2,65,560. In the global market, as of 17:53 IST, Comex gold advanced 0.88% to $5,179.90 per ounce, while Comex silver rose 1.58% to $84.50 per ounce, indicating sustained buying interest.

Gold traded marginally higher in the evening session on March 5, while silver saw relatively stronger gains. MCX gold was at Rs 1,61,591 per 10 grams, up Rs 66 or 0.04% from the previous close of Rs 1,61,525 at 17:05 IST. MCX silver climbed 0.56% to Rs 2,67,049 per kg, gaining Rs 1,489 over the previous close of Rs 2,65,560. In the global market, bullion remained firm. As of 17:08 IST, Comex gold advanced 0.78% to $5,174.80 per ounce, while Comex silver rose 1.77% to $84.655 per ounce, reflecting sustained international buying interest.

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, gold has been moving in a sideways and volatile band between Rs 1,60,000 and Rs 1,63,000, with CME gold hovering around the $5,150 level as traders adopt a cautious stance. He noted that market focus has now shifted to key US macroeconomic data, including Initial Jobless Claims, followed by the Unemployment Rate and Nonfarm Payrolls data. These releases are expected to play a crucial role in shaping Federal Reserve rate expectations and could determine the next directional move in bullion prices.

Gold traded slightly lower in late afternoon trade on March 5, while silver managed modest gains. MCX gold was at Rs 1,61,415 per 10 grams, down Rs 110 or 0.07% from the previous close of Rs 1,61,525 at 15:52 IST. In contrast, MCX silver edged up 0.17% to Rs 2,66,001 per kg, gaining Rs 441 over the previous close of Rs 2,65,560.

In the international market, bullion remained supported. As of 15:57 IST, Comex gold was up 0.61% at $5,165.90 per ounce, while Comex silver advanced 1.28% to $84.25 per ounce, reflecting steady global buying interest despite mild domestic consolidation in gold.

Precious metals have staged a sharp rebound as safe-haven demand resurfaces amid escalating geopolitical and trade tensions, according to the Augmont Bullion Daily Report. Gold has recovered nearly 5% to move back above the $5,200 mark, while silver has surged close to 10% to trade above $85 per ounce. The bounce comes as the U.S. prepares to implement a temporary 15% global tariff, replacing the earlier 10% levy after the Supreme Court struck down most of former President Trump’s previous tariffs, injecting fresh uncertainty into global trade dynamics.

Augmont noted that geopolitical risks have intensified alongside the widening U.S.–Iran conflict, with fresh strikes on Iranian targets and retaliatory missile attacks affecting regional energy infrastructure. The escalation has raised concerns over potential disruptions in global oil supply, reinforcing bullion’s appeal as a hedge.

Meanwhile, after a brief phase of dollar strength, markets have shifted back into risk-off mode. Rising crude oil prices have rekindled inflation concerns, prompting traders to push expectations for the first Federal Reserve rate cut to September, with additional easing projected in 2026. In this backdrop of geopolitical instability, trade friction and inflation risks, gold and silver continue to draw strong defensive flows.

Bullion prices were largely steady with a mild upward bias in afternoon trade on March 5. MCX gold inched up to Rs 1,61,646 per 10 grams, gaining Rs 121 or 0.07% over the previous close of Rs 1,61,525 at 14:34 IST. Silver also saw modest buying interest, with MCX silver rising 0.32% to Rs 2,66,400 per kg, up Rs 840 from Rs 2,65,560. Internationally, momentum remained supportive. As of 14:39 IST, Comex gold traded 0.76% higher at $5,173.90 per ounce, while Comex silver advanced 0.99% to $84.01 per ounce, reflecting steady global cues underpinning domestic prices.

Gold continues to trade with a bullish bias and may move toward $5,250 (around Rs 1,65,000) and $5,300 (around Rs 1,67,000) in the near term, according to the Augmont Bullion Daily Report dated March 5, 2026. The report highlights that strong support is seen near the $5,000 (around Rs 1,58,000) level, which is expected to act as a key accumulation zone on corrective dips.

Silver also remains firmly supported, with prices maintaining upward momentum. Augmont sees the next upside target around $90 (approximately Rs 2,82,000), while strong downside support is placed near $80 (around Rs 2,55,000). The technical outlook suggests that any short-term pullbacks in silver could attract fresh buying interest, keeping the broader trend constructive.

Gold and silver traded marginally higher in early afternoon trade on March 5. MCX gold was at Rs 1,61,623 per 10 grams, up Rs 98 (0.06%) from the previous close of Rs 1,61,525 at 13:10 IST. MCX silver edged up 0.11% to Rs 2,65,839 per kg, gaining Rs 279 over the previous close of Rs 2,65,560.

In the international market, as of 13:15 IST , Comex gold rose 0.72% to $5,171.90 per ounce, while Comex silver advanced 0.39% to $83.51 per ounce, reflecting mild recovery after recent volatility in bullion prices.

The domestic silver futures on MCX fell 1.11 percent below Rs 2.60 lakh per kilogram on Thursday, as of 12:16 am IST. Gold was below 0.06 percent at Rs 1,61,426 per 10 gram. Prices are down investor rushed to book profits from early gains. Gold opened the trade at Rs 1,62,600, and silver at Rs 2,70,596. Spot international gold price held at $5,163.90 per ounce. Comex silver declined to $81 per ounce but quickly recovered some of its losses to $82.71 per ounce. Volatility remains high, though supportive of precious metals as a safe-haven asset amid the US dollar's appreciation.

The International Bullion Jewellers Association on Wednesday pegged the standard price of gold at Rs 1,62,548, up 2.36 percent, and silver at 6.38 percent higher at Rs 2,71,347. According to Aksha Kamboj, VP at IBJA, investors remain cautious amid escalating global uncertainty induced by the US-Israel-Iran conflict. "The momentum is clearly positive for gold, as it trades higher and is well-supported even at higher levels. Although price swings could stay wide, the current trajectory suggests the metal is regaining upward momentum after recent consolidation."

The domestic futures prices of precious metals have corrected from their recent highs on MCX. Silver is trading at Rs 2,69,850 per kg (10:08 am IST), down about 9.4 percent from Rs 2,97,799 on March 2. Gold is at Rs 1,61,952 per 10 grams, around 4.7 percent lower than the previous high of Rs 1,69,880, indicating profit booking after the recent rally fueled by the US-Israel-Iran conflict.

Gold and silver prices fell marginally from early trade, though still above the previous close, amid US-Israel-Iran tensions, safe-haven demand, and dollar strength. The domestic futures price of gold fell to just 0.04 percent higher at Rs 1,62,170 per 10 grams of 24-carat purity, while silver fell to the high of 1.62 percent at Rs 2,69,850 per kilogram.

According to the Augmont Bullion report, published on March 3, gold prices are consolidating and building a base for a new bullish momentum towards $5,500 (Rs 1.72 lakh) and $ 5,600 (Rs 1.76 lakh). After achieving the $93 (Rs 2.85 lakh) target, Silver prices are expected to consolidate and build a base around $85 and $95 before resuming bullish momentum towards the next resistance level of $100 (Rs 3 lakh).

Gold and silver prices today opened marginally higher on MCX amid geopolitical tensions, safe-haven demand, and dollar strength. The domestic futures price of gold was up nearly 0.67 percent at Rs 1,62,600 per 10 grams of 24-carat purity, while silver surged 1.9 percent at Rs 2,70,596 per kilogram.

The spot price of gold was up 1 percent at $5,186.10 per ounce during early trade on Comex, and silver surged 1.94 percent at $84.80 per ounce. The commodity market is expected to remain volatile as the dollar gains momentum amid the US-Israel-Iran conflict.

Gold and silver prices have declined from yesterday's high as investors rushed to book profits amid a stronger dollar and rising oil prices driven by the US-Israel-Iran conflict. The international spot price of gold was trading 0.97 percent higher at $5,184 per ounce on early March 5 trade. Silver gained 2.06 percent to $84.89 per ounce. Gold domestic futures on MCX climbed sharply near Rs 1.64 lakh per 10 grams in the intraday trade on Wednesday, but retreated quickly at Rs 1,61,550 per kilogram from the previous close. Silver peaked just below Rs 2.76 lakh per kilogram before easing to Rs 2,66,156 per kilogram.