Gold Rate Today, May 5: How much you have to pay for 18, 22, 24 carat gold jewellery

Gold prices on Tuesday declined marginally amid escalation in the US-Iran conflict. 24 carat gold was retailing at a price of ₹1,51,595 per 10 gm.

Over the last 10 days. gold price is on a declining trend.

As of May 5, 2026, here below are the latest rates across major brands.

Tanishq: 22 carat gold is priced at ₹1,37,150 per 10 gm, while the price of 24 carat gold is ₹1,49,620.

Joyalukkas: 22 carat gold is priced at ₹1,37,150 per 10 gm.

Kalyan Jewellers: 22 carat gold is priced at ₹1,36,750 per 10 gm, while the price of 24 carat gold is ₹1,49,180.

Malabar Gold: 22 carat gold is priced for ₹1,36,750 and 24 carat gold is retailing at ₹ 1,49,180 per 10 gm.

India Bullion and Jewellers Association (IBJA's) indicative retail selling rates for gold jewellery are as below:

Fine gold (999): 14,756

22 carat: 14,402

18 carat: 11,952

14 carat: 9517

Factors influencing gold rate today

Gold prices in India mirroring sentiment abroad remained steady on Tuesday. On the MCX, June futures traded flat with a negative bias, down ₹41 or 0.03% at ₹1,49,298 per 10 gm.

Investors are concerned about the nearly stalled peace talks between the US and Iran, and fresh escalation in the Middle East crisis.

On Monday, the US and Iran launched fresh attacks in the Gulf, aggravating the ongoing conflict for gaining control over the Strait of Hormuz.

Meanwhile, with stalled US- Iran peace talks, dollar index has also been gaining ground. Last at around 10:51 am (IST), the dollar index was up 0.09% at 98.56.

Gains in the dollar index are detrimental for the bullion.

The US gold futures, however, traded with gains of 0.33% or $14.74 at $4,545.04 per ounce.