Gold and Silver Prices in India Today, 5 August 2026: 24K Gold Rate Surges to ₹1,47,110, Silver Price Jumps to ₹2,27,620 as US Inflation Cools

Gold and silver prices surged in India today. As of 5:25 PM IST, 24K gold is at ₹1,47,110 per 10 grams, up 1.96% from yesterday's ₹1,44,280. Silver 999 Fine has jumped to ₹2,27,620 per kg, up 2.47% from ₹2,22,130. MCX gold surged 1.87% to ₹1,46,992, and MCX silver soared 2.38% to ₹2,26,878. The trigger is clear. Comex gold jumped 2.29% to $4,247.60 per ounce and Comex silver surged 3.16% to $62.15, as cooler-than-expected US inflation data sharply reduced the chances of a US Federal Reserve rate hike later this year.

City Wise Gold and Silver Rates Today in India, 5 August 2026

Rates are indicative bullion prices for 5 August 2026. Jewellery prices add making charges and GST. Chennai typically carries a premium over other cities.

Gold and Silver Prices in India Today, 4 August 2026: 24K Gold Rate Rises to ₹1,43,850, Silver Price Jumps 1.52% to ₹2,20,500

Gold and silver rates today in India, 4 August 2026: 24K gold rose 0.59% to ₹1,43,850 per 10g and silver jumped 1.52% to ₹2,20,500 per kg as Comex silver surged 2.15%. Check city wise gold and silver rate today and MCX data.

StartupTalky- Business News, Insights and StoriesMuskaan Kapoor

Gold Price Today: What Changed

Gold surged 1.96% today to ₹1,47,110 per 10 grams, its biggest single-day gain in several weeks. MCX gold jumped ₹2,693 or 1.87% to ₹1,46,992 per 10 grams. The session high was ₹1,46,999 and the low was ₹1,44,811. Comex gold soared 2.29% to $4,247.60 per ounce, touching a session high of $4,248.30.

The trigger is the US Consumer Price Index data released today. US inflation for July came in cooler than expected, reducing the chance of a Fed rate hike significantly. When inflation eases, the Fed is less likely to raise rates. When rate hike expectations fall, gold and silver both rise sharply. This is exactly what happened today.

Gold is now up 3.03% from a week ago and 0.20% below its month ago level of ₹1,47,410. Gold has almost entirely recovered its July monthly loss in just one session. Year on year, gold is up 45.04% from ₹1,01,430.

Silver Rate Today: What Changed

Silver jumped 2.47% today to ₹2,27,620 per kg. MCX silver surged ₹5,263 or 2.38% to ₹2,26,878 per kg. The session high was ₹2,27,142 and the low was ₹2,23,244. Comex silver surged 3.16% to $62.15 per ounce, clearly breaking above the $60 level that had been resisting silver for the past two weeks.

Silver is now up 4.34% from a week ago and just 3.75% below its month ago level. The monthly gap for silver has closed sharply today. Year on year, silver is up 99.89% from ₹1,13,870, almost exactly doubling in price over twelve months.

MCX Gold and Silver Rate Today

Source: Bullions.co.in. Last updated 5 Aug 2026, 17:25 IST.

Both MCX gold and silver posted strong gains today. Silver outperformed gold at 2.38% versus 1.87%, continuing its recent pattern of leading the upside. Comex silver breaking clearly above $60 for the first time in weeks is a significant technical milestone. If silver can hold above $60 on Comex through tomorrow's session, it would be a strong signal that the metal's recovery has more room to run.

What Cooler US Inflation Means for Gold and Silver

US inflation for July 2026 came in lower than expected today. In simple terms, prices in the US are rising more slowly. This is important for gold and silver because it means the Federal Reserve is less likely to raise interest rates to control inflation.

When the Fed does not raise rates, the US dollar tends to weaken. A weaker dollar makes gold and silver cheaper for global buyers, which increases demand and pushes prices higher. Today's sharp rally in both metals is a direct result of this chain of events.

Markets are now pricing in a much lower chance of a rate hike for the rest of 2026. This is the most positive signal for gold and silver since the US jobs data surprise in early July.

Key Reasons Behind Today's Sharp Price Rise

• Cool US CPI Data: US inflation for July came in below expectations, the single biggest trigger for today's rally. This directly reduces rate hike fears and is the most bullish signal for gold and silver in weeks.
• Comex Gold Jumps 2.29%: Gold on Comex soared to $4,247.60 per ounce, its highest level since before the June correction. This sharp global move pulled Indian MCX and retail prices sharply higher.
• Comex Silver Breaks Above $60: Silver crossed $60 per ounce on Comex today, reaching $62.15. This is a key level that silver had struggled to hold above for the past two weeks. Clearing it with conviction is a strongly positive signal.
• Rate Hike Bets Collapse: Odds of a US rate hike later this year have fallen sharply after today's inflation data. This removes the main overhang that has been weighing on gold and silver since June.
• Weekly Trend Strongly Positive: Gold is up 3.03% and silver up 4.34% from just a week ago. The recovery from July's lows is now well-established and gaining momentum.

FAQs

What is the gold rate today in India on 5 August 2026?

24K gold is at ₹1,47,110 per 10 grams today, up 1.96% from yesterday's ₹1,44,280. 22K gold is at ₹1,34,851 per 10 grams. These are indicative bullion rates as of 5:25 PM IST. Jewellery prices at local shops will be higher due to making charges and GST.

What is the silver rate today in India on 5 August 2026?

Silver 999 Fine is at ₹2,27,620 per kg today, up 2.47% from yesterday's ₹2,22,130. MCX silver is at ₹2,26,878 per kg as of 5:25 PM IST. Comex silver surged 3.16% to $62.15, breaking above $60 for the first time in weeks.

Why did gold and silver rise so sharply today?

US inflation data for July 2026 came in cooler than markets expected. This means prices in the US are rising more slowly, which makes it less likely the Federal Reserve will raise interest rates. Lower rate hike expectations reduce the appeal of the dollar and boost gold and silver, which pay no interest. Today's sharp rally in both metals is a direct result of this positive inflation reading.