Gold and Silver Prices Stay High Amid Global Economic Uncertainty

Gold and silver prices remained elevated on Monday, October 5, 2026, as global economic uncertainty and strong demand for safe-haven assets kept investors focused on precious metals. Internationally, COMEX gold rose 0.52% to $4,183.8 per ounce, while COMEX silver also saw gains as traders monitored broader market trends. The demand for these metals is driven by geopolitical tensions, interest-rate expectations, and currency movements, making them attractive for both investment and industrial applications.

In India, retail prices for gold and silver vary across cities due to factors like local taxes, transportation costs, and jeweler margins. For example, in Delhi, 22K gold was priced at Rs 1,37,537 per 10 grams, while in Mumbai, it was Rs 1,37,775 per 10 grams. Silver prices also differed, with Delhi listing at Rs 2,25,830 per kilogram and Mumbai at Rs 2,26,220 per kilogram. Similar variations were observed in other major cities like Chennai, Bengaluru, Hyderabad, and Kolkata.

Investors and buyers should be aware that jewellery purchases involve additional costs such as making charges and GST, which can significantly impact the final price. Experts recommend comparing rates from different jewellers and verifying purity before making a purchase. Global factors, including movements in the US dollar, bond yields, and geopolitical developments, are expected to continue influencing bullion prices in the near term.