Gold Price Today: Gold and silver prices surged in early trade on the Multi-Commodity Exchange (MCX) on Thursday, 5th March 2026, extending gains from the previous session. MCX gold April futures rose by more than Rs 1,600, or over 1%, to Rs 1,63,142 per 10 grams, while MCX silver May futures jumped nearly 2% to Rs 2,70,501 per kg. In the previous session, MCX gold April futures had settled at Rs 1,61,525 per 10 grams, up 0.30%, whereas MCX silver May futures ended almost flat at Rs 2,65,560 per kilogram.
In the international market, precious metals also witnessed strong buying as the market opened. Spot gold prices climbed 1% to USD 5,187 per ounce, while spot silver gained as much as 2.5% to USD 85.12 per ounce, reflecting firm global sentiment toward safe-haven assets.
GOLD PRICE TODAY: DAILY NEWS AND KEY EVENTS OF THE DAY | 05/03/2026
Key Events of the Day
For USA
7:00 pm – Unemployment Claims
7:00 pm – Import Prices m/m
7:00 pm – Prelim Unit Labour Cost q/q
11:30 pm – FOMC Member Bowman Speech
For Europe
10:30 pm – ECB President Lagarde Speaks
US-Iran Conflict Continues
U.S. President Donald Trump said that the United States is performing strongly in its ongoing military campaign against Iran, noting that “we’re doing very well on the war front” and emphasising that the country has received “great support.”
The conflict, however, shows no signs of de-escalation. Tehran has launched attacks targeting Israel and several Gulf states, while U.S. and Israeli forces have continued strikes on Iranian positions. In a recent development, an Iranian warship was reportedly sunk in international waters during the ongoing military operations.
The timeline of the campaign remains uncertain. Defence Secretary Pete Hegseth said the operation could last “six, it could be eight, it could be three” weeks. At the same time, critics have raised concerns that the Trump administration did not sufficiently plan for the evacuation of American citizens currently in the region.
Beijing Sets 2026 Goal at 4.5%–5%, Lowest Since 1990s
China has set its GDP growth target for 2026 at 4.5%–5%, marking the lowest official growth goal since the early 1990s. The revised target reflects a more cautious outlook for the world’s second-largest economy as policymakers navigate slowing domestic demand and global uncertainties.
Alongside the growth target, Beijing set its budget deficit goal at around 4% of GDP, while maintaining an inflation target of about 2% and an urban unemployment rate of roughly 5.5%. Analysts say the new targets signal a shift in China’s policy priorities—from chasing higher headline growth numbers to focusing more on the quality, stability, and sustainability of economic expansion.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver gained in the early trading session but were unable to hold their gains after the U.S. ADP non-farm employment data came up at 63,000 against expectations of 50,000 and well above from the previous data of 11,000. Gold and silver are also facing resistance amid strong gains in Crypto markets and investors shift toward U.S. bond markets from riskier assets. Gold and silver are showing consolidation and holding its support levels.
Profit taking in the dollar index and safe-haven buying due to the US, Israel and Iran war could support prices at lower levels. We are experiencing very high price volatility in both precious metals, but silver prices could hold its support level of $74.00 per troy ounce and gold prices could also hold its support level of $4,984 per troy ounce on a closing basis this week”
Manoj Kumar Jain View for Today (For Gold and Silver) | 05/03/2026
“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, US-Iran war and ahead of the U.S. job data. Gold has support at $5080-5034 while resistance at $5220-5280 per troy ounce and silver has support at $80.80-76.60, while resistance is at $86.40-90.00 per troy ounce in today’s session.
At MCX, gold is having support at 159800-157700 and resistance at 163200-164400 while silver is having support at 261600-255500 and resistance at 271000-278000″
Kedia Commodity View for Today (For Gold) | 05/03/2026
“Technically, the market is witnessing shortcovering, with open interest falling 5.3% to 7,687 lots while prices gained ₹417. Gold has immediate support at ₹1,60,495 and further at ₹1,59,465, while resistance isseen at ₹1,63,300, with a move above potentially pushing
prices toward ₹1,65,075.“
Kedia Commodity l View for Today (For Silver) | 05/03/2026
“Technically, the market is witnessing short covering, with open interest declining by 0.83% to 6,471 lots while prices rose by ₹242. Silver has immediate support at ₹2,61,065 and further at ₹2,56,575, while resistance isseen at ₹2,73,280 with a move above this level potentially pushing prices toward ₹2,81,005.
Nirmal Bang View for Today (For Gold and Silver) | 05/03/2026
Gold Price Today: FAQs
1. What are the latest gold prices on MCX today (5 March 2026)?
MCX gold April futures rose by more than Rs 1,600 to Rs 1,63,142 per 10 grams, extending gains from the previous session when it settled at Rs 1,61,525 per 10 grams.
2. What is the latest silver price on MCX today?
MCX silver May futures jumped nearly 2% to Rs 2,70,501 per kg, compared with the previous closing price of Rs 2,65,560 per kilogram.
3. What are the international gold and silver prices today?
In global markets, spot gold climbed 1% to USD 5,187 per ounce, while spot silver gained 2.5% to USD 85.12 per ounce during Asian trading hours.
4. Why are gold and silver prices rising today?
Precious metal prices are being supported by safe-haven demand due to the ongoing US-Iran conflict, along with currency volatility and global economic uncertainty.
5. What are the key support and resistance levels for gold and silver?
According to market experts, gold has support near USD 5,080–5,034 and resistance around USD 5,220–5,280, while silver has support at USD 80.80–76.60 and resistance at USD 86.40–90.00 in the current session.
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