Gold and Silver Prices Remain Subdued in India on October 5

On October 5, 2026, gold and silver prices in India remained under pressure, reflecting a subdued trend across the bullion market. The benchmark price for 24-carat gold was around ₹1,49,040 per 10 grams, while silver was quoted at ₹2,26,380 per kg.

At the Multi Commodity Exchange (MCX), gold futures saw a decline of 0.98%, settling at ₹1,48,910 per 10 grams. In contrast, silver futures edged higher by 0.14%, trading at approximately ₹2,26,189 per kg.

Retail buyers typically opt for either 24-carat or 22-carat gold, with the latter being more popular for jewelry due to its durability. Several factors influence precious metal prices in India, including global bullion trends, the US dollar's movement against the rupee, and domestic buying patterns.

Additional local factors, such as import duties, transportation costs, and regional charges, contribute to variations in gold and silver prices across different cities. The upcoming festive season is also expected to impact retail demand for these metals.