Gold Rate Today, September 5: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities

As of September 5, 2026, the price of 24 carat gold in India is Rs 15,480 per gram, a decrease of Rs 186 compared to the previous day. Similarly, 22 carat gold is priced at Rs 14,190 per gram, and 18 carat gold is priced at Rs 11,610 per gram, marking a reduction of Rs 170 and Rs 139 respectively from the prices on September 4. The decline in gold prices is attributed to a temporary dip in gold and silver prices when international panic subsided, despite high tax rates.

The fluctuating prices are influenced by ongoing tensions in the Middle East, particularly the volatile situation between the U.S. and Iran. These geopolitical developments have prompted investors to seek refuge in gold as a safe-haven asset. Gold prices are also impacted by domestic factors such as import tariffs and currency fluctuations, with local gold rates in major cities like Chennai, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune, Vadodara, and Ahmedabad reflecting these broader market trends.