Gold Rate Today, August 5: Prices zoom by up to ₹1,750/10 gm; check 24, 22 and 18K rates across jewellers

After declining on the previous day, gold prices regained momentum today (August 5, 2026). According to GoodReturns.in, 24 carat gold surged in price by ₹1,750 to ₹1,45,750 per 10 gm. Likewise, 22 carat and 18 carat gold also gained in price by ₹1,600 and ₹1,310 to ₹1,33,600 and ₹1,09,310 per 10 gm, respectively.

On August 5, 2026, gold prices per gm across major brands are as follows:

The below specified prices are taken from the respective retailer's website as around 10:35 am.

Joyalukkas: 24 carat gold quoted at ₹14,575 per gm, while 22 carat gold was priced at ₹13,360 per gm. Meanwhile, 18 carat gold was available for ₹10,931 per gm.

Malabar Gold: 24 carat gold at the retailer is priced at ₹14,575, while 22 carat gold is retailing for ₹13,360 per gm.

Kalyan Jewellers: 24 carat gold today is priced at ₹14,400 per gm, while 22 carat gold is available for ₹13,200 per gm. 18 carat gold is retailing for ₹10,800 per gm.

India Bullion and Jewellers Association (IBJA): 999 purity gold in the evening session on August 5 traded at ₹1,42,866 per 10 gm.

Factors influencing gold rate in India today

Tracking strong gains in the international bullion market, gold traded higher on Wednesday. On the MCX, gold October futures were trading 1%, or ₹1,447 higher at ₹1,45,746 per 10 gm at around 11:10 am.

Prices ticked up amid weakness in the dollar. At the time of writing, the dollar index (DXY) was down 0.04% at 99.83. A weaker dollar makes dollar-priced bullion cheaper for holders of other currencies.

Spot gold traded 2.31% higher at $4,171.76 per ounce. US gold futures for December delivery were up 1.83% at $4,228.59 per ounce.

Data on US job openings released on Tuesday showed that openings declined in the previous month, with positions in the healthcare and social assistance sector recording the sharpest fall in nearly a year. Nonetheless, given the improvement in hiring and the low layoff rate, the labour market remained steady.

Meanwhile, market participants are awaiting the ADP employment report, due to be released later in the day.

After crude oil prices spiked following the recent escalation in the US-Iran conflict, traders are factoring in a 57% probability of a rate hike by the US Federal Reserve at its September meeting.

In the short term, gold's direction will be influenced by the US jobs data, as it could offer cues on the Federal Reserve's next interest rate move.