Gold Rates & Silver Rates Today Live: MCX Gold & Silver Erases Gains, Trade Lower Now; 24K, 22K, 18K Gold

Gold rates in India and silver rates reversed their early trends and traded lower on March 5, 2026. Both MCX gold and silver prices have erased their gains to trade on a bearish note. MCX gold is below Rs 1.61 lakh mark and MCX silver drops below Rs 2.62 lakh mark.

Meanwhile, spot gold price rose above $5,180 with nearly 1% upside, and spot silver is also up by 2% to trade around $85 per ounce. Brent crude and WTI crude futures have gained by 3% to 4% after falling slightly in the evening of March 4th.

The US-Israel and Iran conflict has entered into the sixth day, with heavy missile attacks on several regions of the Middle East, including energy facilities.

President Donald Trump backed the American campaign, while US officials said an Iranian warship was sunk in international waters. Iranian authorities denied reports that their intelligence ministry had approached Washington for negotiations, calling the claims false. Meanwhile, the Treasury Secretary confirmed a global 15% tariff will begin this week and may revert within five months. Higher oil and gas prices have revived inflation concerns, prompting traders to delay expectations for easing by the Federal Reserve, with a first cut now seen in September and two reductions still priced in for 2026, as per Trading Economics.

Credit: Goodreturns