Gold Rate Today May 5: Gold prices moved down a bit on Tuesday, and the fall was not big. Market updates for 5 May 2026 said the yellow metal was softer than the previous day. The India Bullion and Jewellers Association, which publishes daily benchmark rates, showed Fine Gold (999) at ₹14,764 per gram and 22 KT at ₹14,409 per gram on 5 May 2026. That means 24 carat gold was around ₹1,47,640 for 10 gm, before tax and making charges.
The same market report said these rates are only indicative. They are quoted without 3% GST and without making charges. So the price a buyer pays in a shop can be higher than the basic rate. The rates also move during the day, so one shop may show a slightly different price from another shop.
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Brand-wise gold rates
Big jewellery brands also showed lower 22 carat prices on 5 May 2026. Tanishq listed 22K gold at ₹13,715 per gram, which comes to ₹1,37,150 for 10 gm. The brand’s own rate history also showed that this was lower than the previous day’s ₹13,775 per gram.
Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds all showed the same 22K price of ₹13,675 per gram on 5 May 2026 across major cities like New Delhi, Mumbai, Chennai, Kolkata, and Bengaluru. That works out to ₹1,36,750 for 10 gm. Their reported price was also lower than the day before, when the rate stood at ₹13,835 per gram.
What buyers should keep in mind
Gold can change fast, and that makes it feel a bit like a restless shiny bird. One day it sits higher. The next day it dips. For buyers, the best move is to check the latest rate before going to the shop. The final bill can change depending on state taxes, GST, and making charges, so the display rate is not always the final amount.
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For people buying jewellery, the important thing is to look at both purity and final price. For people buying as an investment, the main thing is to watch the daily trend.
