Gold-Silver Prices Today, October 5: Gold and silver prices traded mixed on Monday, October 5, 2026, with gold declining while silver gained on the Multi Commodity Exchange (MCX).
Gold Price Today on MCX
As of 12:30 pm on Monday, October 5, gold was trading at Rs 1,47,391 per 10 grams on MCX, down 0.32 per cent.
Silver Price Today on MCX
Meanwhile, silver was trading at Rs 2,27,150 per kilogram, registering a gain of 0.56 per cent on MCX as of 12:30 pm.
Gold, Silver retail prices (October 5, 2026) in major Indian cities
The latest available city-wise retail rates on Monday show 999-purity gold at around Rs 1.49 lakh per 10 grams, while 999-purity silver was priced at around Rs 2.29 lakh per kilogram across major Indian cities.
The indicative 24K gold rate was Rs 1,49,751 per 10 grams, while 22K gold was priced at Rs 1,37,172 per 10 grams. Silver stood at Rs 2,28,633 per kilogram.
Gold prices shown below are for 999 purity, while silver rates are also for 999 purity.
| City | Gold Retail Price (999 Purity) (Rs/10 grams) | Silver Retail Price (999 Purity) (Rs/kg) |
|---|---|---|
| Ahmedabad | Rs 1,49,725 | Rs 2,28,605 |
| Bengaluru | Rs 1,49,815 | Rs 2,28,740 |
| Chennai | Rs 1,49,910 | Rs 2,28,680 |
| Delhi | Rs 1,49,825 | Rs 2,28,655 |
| Hyderabad | Rs 1,49,888 | Rs 2,28,655 |
| Jaipur | Rs 1,49,688 | Rs 2,28,620 |
| Kolkata | Rs 1,49,438 | Rs 2,28,720 |
| Mumbai | Rs 1,49,638 | Rs 2,28,620 |
(Source: All India Bullion; these are indicative retail rates.)
What are the factors that impact gold and silver prices?
Both gold and silver prices depend on the state of the global economy, investors’ sentiment, and real demand. The following are five factors which may impact the price of gold and silver:
Both gold and silver are quoted in US dollars. Thus, the strengthening of the dollar can increase their price for buyers using other currencies and may hurt demand. On the other hand, the depreciation of the dollar may positively affect the price of both precious metals.
The interest rate has a significant impact on precious metals. Since gold and silver are non-interest-bearing investments, high interest rates make bonds and deposit accounts more appealing. Low interest rates may have the opposite effect and can improve the appeal of precious metals.
Gold is considered to be an asset that protects against inflation. When the issue of increasing prices becomes more of a concern, people might choose to invest in gold. Silver may also be positively affected by inflation, however, its price is not only influenced by the inflationary pressures, but also by the industry situation.
4) Global economic and geopolitical uncertainty
Conflicts, wars, financial market turmoil, trade disagreements and economic downturns may lead to growth of interest in safe-haven assets. Gold may be positively impacted by uncertainty in the market, while silver may also become popular, but with higher price fluctuations.
The physical supply and demand factors affect the prices of precious metals. Demand for gold is from jewellery, central bank acquisitions, investment tools, and technology. Demand for silver arises from applications in industry, such as electronics, solar energy, and automobiles, apart from jewellery and investments.
This means that any variation in the production of mines, industrial demand, jewellery demand, and investment demand affects the price of gold and silver.
