Gold Rate Today: 24K Gold at ₹1,49,540 per 10g on October 5, Up ₹1,161 From Previous AM Benchmark

The October 5 995-purity wholesale AM value could not be independently reconciled from the accessible authoritative data feed, so it has not been estimated. 

Gold values are quoted per 10 grams and silver per kilogram. Benchmark bullion rates exclude GST and making charges. 

How Much Did Gold Rise Today?

The 999-gold rate increased from ₹1,48,379 to ₹1,49,540 per 10 grams between the two available AM benchmarks. 

That is an increase of ₹1,161, or roughly 0.78%. 

Silver recorded a larger percentage move, rising ₹4,497 from ₹2,22,273 to ₹2,26,770 per kg, equivalent to approximately 2.02%. 

The published October 5 purity rates also placed 916 gold at ₹1,37,078 and 750 gold at ₹1,12,155 per 10 grams. 

What Is Driving Gold Prices?

International bullion prices firmed during early October 5 trading. 

Spot gold was around $4,160 an ounce in the international market during the morning session, while US gold futures were also trading higher. 

Interest-rate expectations remained one of the important cross-asset variables. Gold does not generate interest income, so changes in government bond yields and expectations around central-bank policy alter the opportunity cost associated with holding bullion. 

Currency movements are another factor. International gold is predominantly priced in US dollars, while Indian buyers ultimately pay in rupees. Changes in USD/INR can therefore amplify or partially offset moves in international gold prices. 

Geopolitical developments and fluctuations in crude oil prices can additionally influence inflation expectations and demand for defensive assets, though those relationships are not fixed from one session to another. 

What Can Higher Gold Prices Mean for Indian Markets?

Jewellery Companies

A higher bullion benchmark increases the rupee value of a fixed quantity of gold inventory. 

For jewellery companies, that can increase working-capital requirements if they maintain similar physical inventory levels. The eventual impact also depends on hedging arrangements, procurement timing and the extent to which raw-material costs are passed through to retail prices. 

Consumer Demand

For a fixed weight and purity, a higher benchmark increases the underlying metal cost. 

The final price of jewellery also incorporates GST, making charges and retailer-specific costs, so bullion benchmarks and retail jewellery prices are not identical.

Gold Imports

India imports a large share of its gold requirements. 

If imported volumes remain unchanged, a higher dollar or rupee price of gold mechanically increases the value of the corresponding import bill. Exchange-rate movements can either reinforce or moderate that effect. 

Gold-Loan Businesses

Gold prices influence the assessed value of jewellery pledged as collateral. 

An increase in the bullion benchmark raises the nominal rupee value of the same quantity and purity of gold, while actual lending remains subject to applicable loan-to-value requirements and lender valuation practices.

Broader Markets

Gold is frequently analysed alongside the dollar, bond yields, inflation expectations and geopolitical developments. 

Those relationships provide context for asset-price movements but do not establish a fixed directional relationship between gold and Indian equities.