Gold Rate Today Highlights: MCX gold price drops below ₹1.61 lakh per 10 gm, MCX silver rate falls by ₹5,000 per kg

MCX gold rate for April futures was trading lower by ₹803, or 0.50%, at ₹1,60,342 per 10 grams. It hit an intraday low of ₹1,60,330 level. MCX silver price for May futures slipped by ₹5,915, or 2.12%, to ₹2,72,449 per kg. Silver price touched an intraday low of ₹2,76,000 level.

Gold prices rose, as traders weighed geopolitical tensions in the Middle East and the impact of US tariffs on global trade. Bullion climbed toward $5,200 an ounce, having gained nearly 6% over the last six sessions, as a buildup of US troops in the Middle East kept global markets on edge. Spot gold price rose 0.6% to $5,193.79 an ounce, while silver gained 0.1% to $89.32 an ounce.

MCX gold rate today was trading at ₹1,60,575 per 10 grams, lower by ₹570, or 0.35%. MCX silver price was down by ₹4,863, or 1.75%, at ₹2,73,501 per kg.

MCX silver price is hovering around ₹2,60,000 – ₹2,80,000 following consolidation. While the long-term bullish framework is intact, short-term momentum shows corrective undertones. Key structural support lies at ₹2,25,000 – ₹2,35,000. A sustained hold above this region may trigger recovery toward ₹3,00,000 – ₹3,25,000. Positional accumulation near strong support zones may be considered tactically, though a decisive breakdown below support could accelerate downside pressure, said Ponmudi R.

MCX gold futures are consolidating within the ₹1,55,000 – ₹1,65,000 band after correcting from record highs near ₹1,80,000 – ₹1,81,000. Short-term price action reflects stabilization with a mild upward undertone, while the broader structure remains supportive above long-term bases. Strong demand is visible in the ₹1,45,000 – ₹1,55,000 region. A sustained hold above this zone, followed by a breakout beyond ₹1,65,000, could revive momentum toward ₹1,70,000 – ₹1,75,000, keeping the medium-term outlook constructive, said Ponmudi R, CEO of Enrich Money.

Ajay Kedia said that the trend for MCX silver rate today remains positive and recommends a buy on dip approach. MCX silver price may find support at ₹2,61,250 per kg level and resistance is placed at ₹2,70,500 level.

The trend for MCX gold rate today remains positive, said Ajay Kedia, Director, Kedia Advisory. According to him, MCX gold price may find support at ₹1,58,650 per 10 grams level, while resistance is seen at ₹1,62,000 level. He recommends a ‘buy on dips’ strategy in gold.

MCX silver rate today for May futures opened lower by ₹5,804, or 2.08%, at ₹2,72,560 per kg as against its previous close of ₹2,78,364 level.

MCX gold rate today for April futures opened lower by ₹615, or 0.38%, at ₹1,60,530 per 10 grams as against its previous close of ₹1,61,145 level.

Silver prices on the Multi-Commodity Exchange (MCX) were trading 2.86% or ₹7,453/kg higher at ₹268,197/kg as of 10:57 p.m. (IST), compared to ₹260,744/kg as of the previous market close, according to the exchange data.

Gold prices are trading 0.85% or ₹1,356 per 10 grams higher at ₹161,325 per 10 grams as of 10:49 p.m. (IST), compared to ₹159,969 per 10 grams, according to the data collected from the Multi-Commodity Exchange (MCX) website.

Darshan Rathod, COO, Multyfi, said that the rally in gold prices is not speculative as it is structurally supported by sovereign demand, supply rigidity, and defensive asset allocation trends.

However, the expert also said that the precious metal is no longer just a macroeconomic hedge narrative; it is now driven by a rare convergence of physical tightness, sovereign accumulation, and retail capital rotation.

“Central banks continue to aggressively add reserves as part of a broader de-dollarisation trend, reducing reliance on fiat reserve assets and reinforcing gold’s role as a neutral store of value. At the same time, ETF flow data indicates renewed retail participation into safe-haven assets amid global policy uncertainty and rising geopolitical fragmentation,” said Rathod.

“Physical supply remaining constrained due to limited new mine discoveries and slow project pipelines, creating a persistent underlying shortage. The key takeaway is that gold’s rally is not speculative—it is structurally supported by sovereign demand, supply rigidity, and defensive asset allocation trends,” said the market expert.

Darshan Rathod, COO, Multyfi, said that silver prices are entering a highly sensitive phase where the fundamental factors, along with the futures positioning, are sharply out of sync.

“Silver is once again entering a highly sensitive phase where physical fundamentals and paper positioning are sharply out of sync. COMEX registered inventories are now hovering near 87 million ounces, while March open interest stands close to 188 million ounces — meaning paper claims are more than twice the immediately deliverable supply,” said the market expert.

Rathod highlighted that on the other end, Chinese exchange inventories across SGE and SHFE are around 800,000 kg, and domestic prices in China have surged toward $102 per ounce equivalent, reflecting tight physical conditions.

“In contrast, India is currently trading near $87 with a discount, indicating softer near-term local demand despite global tightness,” he said.

Silver prices on the Multi-Commodity Exchange (MCX) were trading 2.47% or ₹6,428/kg higher at ₹267,172/kg as of 7:49 p.m. (IST), compared to ₹260,744/kg as of the previous market close, according to the exchange data.

Gold prices are trading 0.65% or ₹1,044 per 10 grams higher at ₹161,013 per 10 grams as of 7:18 p.m. (IST), compared to ₹159,969 per 10 grams, according to the data collected from the Multi-Commodity Exchange (MCX) website.

Darshan Rathod, COO, Multyfi, said that the recent correction in silver prices was driven by technical factors fueled by margin adjustments and forced deleveraging rather than a collapse in industrial demand.

“The recent correction was largely technical, driven by margin adjustments and forced deleveraging rather than a collapse in industrial demand. Structurally, silver continues to run in deficit amid strong solar, electronics, and EV-linked consumption, while mine supply growth remains constrained,” said Darshan Rathod.

Global silver prices were trading at 2.89% higher at $90.23 per troy ounce as of 6:53 a.m. (EDT), compared to $87.165 per troy ounce, according to the COMEX data on Wednesday, 25 February 2026.

The gains for silver are estimated to remain limited as the expectations for a near-term rate cut from the US Federal Reserve fade, as policymakers signal that key interest rates could stay unchanged for some time, according to Ajay Suresh Kedia, the founder and director of Kedia Advisory.

“Geopolitical concerns intensified ahead of the third round of US-Iran nuclear talks scheduled in Geneva on Thursday. However, gains may remain limited as expectations for near-term Federal Reserve rate cuts fade, with policymakers signalling interest rates could stay unchanged for some time,” said Kedia.

New York-based CME Group's data suggests that Comex gold was at $5,195 per ounce as of 5:47 a.m. (EDT), compared to $5,160 per ounce as of the previous trading session.

Ajay Suresh Kedia, the founder and director of Kedia Advisory, said that the gold prices recovered some of their previous losses as the trade and geopolitical uncertainties fueled safe-haven demand in the commodity market.

“US President Donald Trump implemented a new 10% global tariff on Tuesday, with the administration seeking to increase it to 15%, and warned on Monday of higher tariffs for countries that ‘play games’ with trade agreements,” said Kedia.

Kedia also said that investors are now monitoring the resumption of US-Iran nuclear talks on Thursday, with Iran pledging to do “whatever it takes” to secure a deal. Gains of the precious metal were also capped as US Fed official Susan Collins indicated rates may remain steady amid persistent inflation risks.

Silver prices on the Multi-Commodity Exchange (MCX) were trading 2.21% or ₹5,756/kg higher at ₹266,500/kg as of 4:10 p.m. (IST), compared to ₹260,744/kg as of the previous market close, according to the exchange data.

Gold prices are trading 0.77% or ₹1,237 per 10 grams higher at ₹161,206 per 10 grams as of 3:27 p.m. (IST), compared to ₹159,969 per 10 grams, according to the data collected from the Multi Commodity Exchange (MCX) website.

Comex silver price is trading near $85–$90 after correcting from record highs above $121. The broader bullish structure remains intact on higher timeframes. Silver prices have reclaimed major moving averages, signaling a shift from correction toward potential renewed strength. Strong buying interest is evident in the $70–$75 support zone. A sustained recovery above $92–$96 could reignite momentum toward $100–$105 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by industrial demand and structural supply constraints despite near-term volatility, said Ponmudi R, CEO of Enrich Money.

The gold–silver ratio slipped to around 58.83. The ratio fell below 50 in January, a level last seen in 2012.

According to The Silver Institute, the global silver demand is expected to remain stable in 2026, as stronger retail investment will largely offset declines in jewelry, silverware, and industrial consumption. Coin and bar demand has strengthened in recent months, while global ETP holdings stand at an estimated 1.31 billion ounces. Industrial fabrication is projected to fall by 2% to a four-year low of 650 million ounces, driven mainly by reduced silver use in photovoltaics (PV). Although solar installations will keep rising, ongoing thrifting and substitution away from silver will lower PV demand. However, structural growth sectors, including data centers, AI-related technologies, and the automotive industry, will continue to provide support. Jewelry demand is set to fall more than 9% and silverware demand about 17% in 2026, with high prices hitting India hardest, while China remains the only major market expected to see a rise in jewelry consumption. In contrast, physical investment demand is expected to climb 20% to 227 million ounces, reaching a three-year high.

Total physical holdings of Silver backed ETFs with iShare silver trust posted an increase nearly 2% so far in February after a 5.6% decline in January. The total physical holdings in silver with iShare silver trust is around 508 million troy ounces in the week ended 20 February.

Registered silver stocks on COMEX have fallen below the critical 90 million ounce threshold to 88,191,059.264 ounces, while eligible inventories have declined to 278,065,980.223 ounces. COMEX money managed positions have decreased significantly, with long positions dropping by roughly 79% yoy. The market has seen a reduction in both long and short positions, suggesting a more cautious or reduced-exposure sentiment among traders.

MCX gold price traded higher by ₹1,249, or 0.78%, at ₹1,61,218 per 10 grams, while MCX silver price jumped by ₹7,056, or 2.71%, to ₹2,67,800 per kg. MCX silver rate today hit an intraday high of ₹2,70,500 level, surging as much as 3.74%.

Technical outlook for spot silver price: MACD shows signs of convergence, while the Relative Strength Index (RSI) remains below overbought levels, indicating the potential for range bound trading in the near term. However, a clear break below $80 per troy ounce could signal near term weakness, said Geojit Investments.

Technical outlook for MCX Silver price: Prices are expected to remain largely range-bound, though a brief correction cannot be ruled out. A decisive break below ₹2,55,000 per kilogram could signal the potential for short-term weakness, said the brokerage firm.

Comex gold price is trading in the $5,100–$5,300 zone after consolidating in recent sessions. The broader uptrend remains intact, with the current sideways phase reflecting a healthy pause following earlier volatility and profit booking. Prices continue to hold above key moving averages and are gradually edging higher, indicating strengthening momentum. Strong buying interest remains visible in the $4,850–$5,000 support band. A sustained breakout above $5,500–$5,600 could pave the way toward fresh record highs, said Ponmudi R, CEO of Enrich Money.

Gold prices in the international market advanced 1%, as investors flocked to the safe-haven metal, weighing uncertainty over US tariffs following the US Supreme Court’s ruling that struck down a swathe of President Donald Trump’s measures, Reuters reported. Spot gold price was at $5,198 per ounce. Bullion ended the previous session down more than 1%, as investors locked in profits after gold hit a three-week high earlier in the day. US gold futures for April delivery were up 0.8% at $5,217.30.

Gold ETFs gain amid a rally in MCX gold prices. Edelweiss Gold ETF, Growwgold ETF, and Angel One Gold ETF, among others rose.

Total COMEX silver inventories as of February 20 stood at 366.25 million ounces, down nearly 31% from approximately 532 million ounces in October 2025. Registered silver stocks have slipped below the critical 90 million ounce mark to 88,191,059.264 ounces, while eligible inventories declined to 278,065,980.223 ounces, official data showed. Inventories have been on a consistent downward trajectory since October last year.

MCX silver futures are trading around ₹2,60,000 – ₹2,80,000 following consolidation. While the long-term bullish framework remains intact, short-term momentum reflects corrective undertones. Key support is placed at ₹2,25,000 – ₹2,35,000. A sustained hold above this region could trigger recovery toward ₹3,00,000 – ₹3,25,000. Dips toward strong support zones may offer accumulation opportunities for positional traders, though a decisive breakdown below these levels could accelerate downside pressure, said Ponmudi R, CEO of Enrich Money.

According to Ajay Kedia, the view of MCX silver price today remains positive. MCX silver rate may face resistance at ₹2,72,100 per kg level, while support is seen at ₹2,62,730 level.

The trend for MCX gold rate today remains positive, said Ajay Kedia, Director of Kedia Advisory. According to him, MCX gold price may face resistance at ₹1,62,450 per 10 grams level, while support is placed at ₹1,59,000 level.

While short-term price action in MCX gold reflects consolidation with a mild upward bias, the broader structure remains supportive above long-term support zones. Strong demand is visible in the ₹1,45,000 – ₹1,55,000 band. A sustained hold above this base, followed by a breakout above ₹1,65,000, may revive upside momentum toward ₹1,70,000 – ₹1,75,000, keeping the medium-term outlook constructive, said Ponmudi R, CEO of Enrich Money.

The key forces that lifted silver prices in 2025 are expected to continue supporting the market in 2026. Strong industrial demand driven by rapid digitalization, AI expansion, and growth in data centers and IT infrastructure, is boosting the need for silver-intensive computing and electrical systems. At the same time, tight physical supply, geopolitical instability, US trade policy uncertainty, and concerns over Federal Reserve independence are sustaining bullion’s safe haven appeal. Meanwhile, strength in gold should help cushion downside risks for silver, even as elevated price volatility remains likely in the near term, said Geojit Investments Limited.

MCX gold rate was up by ₹707, or 0.44%, at ₹1,60,676 per 10 grams. It hit a high of ₹1,61,072 level, rising as much as 0.68%. MCX silver price was trading higher by ₹5,757, or 2.21%, at ₹2,66,501 per kg. Silver price jumped as much as 2.77% to ₹2,67,990 level.

Gold Rate Today LIVE: Gold and silver prices on Multi Commodity Exchange of India (MCX) opened higher on Wednesday, following gains in international precious metal prices, driven by safe-haven buying.

MCX gold rate today for April futures contracts opened higher by ₹1,008, or 0.63%, at ₹1,60,977 per 10 grams as against its previous close of ₹1,59,969 level.

MCX silver rate today for March futures contracts opened higher by ₹5,200, or 2%, at ₹2,65,944 per kilogram as compared to its previous close of ₹2,60,744 level.

Gold Rate Today LIVE: Among other commodities, spot platinum price rallied 2.1% to $2,212.72 per ounce, while palladium price gained 1.4% to $1,793.68.

Gold Rate Today LIVE: Spot silver price rose 1% to $88.23 per ounce, after hitting a more than two-week high on Monday.

Gold Rate Today LIVE: Spot gold price rose 0.5% to $5,174.76 per ounce, after falling 1% in the previous session as investors booked profits after gold hit a three-week high earlier in the day. US gold futures for April delivery gained 0.3% to $5,192.20.

Gold Rate Today LIVE: Gold and silver prices rallied on Wednesday, supported by safe-haven demand amid uncertainty over US tariffs and sustained geopolitical tensions in the Middle East ahead of the US-Iran nuclear talks.