Gold, Silver Rates Today: Gold, silver prices rebound; MCX gold rate rises above ₹1.48 lakh, silver prices jump 1%

The US-Israel war with Iran has entered its fifth week, with leaders showing little willingness to de-escalate, and the impact of the conflict is becoming increasingly visible across nations, especially in Asia, where countries are grappling with elevated crude oil prices.

US President Donald Trump on Monday said he could likely reach a deal to end hostilities in the Middle East but also warned of potential attacks on Iran’s energy infrastructure, including the key Kharg Island terminal.

“If a deal is not reached shortly and if the Strait of Hormuz is not immediately ‘open for business,’ we will conclude our ‘stay’ in Iran by blowing up and completely obliterating all of their electric generating plants, oil wells, and Kharg Island,” he said in a post.

Precious metals extended their gains for a second straight session on Monday, March 30, supported by renewed safe-haven demand amid ongoing tensions in the Middle East. However, both gold and silver remain on track to post monthly losses.

May silver futures on COMEX gained $2.21 to hit an intraday high of $74 per troy ounce, extending their winning streak to a second day. Despite the recent recovery, the white metal is down a sharp 24% so far in March and, if it closes lower — which appears likely — it will mark its first monthly decline since April 2025.

April gold futures on COMEX also extended their gains, rising $119 to an intraday high of $4,611 per troy ounce. However, bullion has fallen 13% so far this month and, with just one trading session left, is heading for its first monthly decline since December 2024.

Gold prices have retreated from the day’s high and were trading 2.45% higher at ₹1,47,813 per 10 grams at the time of writing. The yellow metal had earlier touched an intraday high of ₹1,49,886, following a sharp ₹4,789 surge in the previous session.

Despite the late recovery, prices are on track for their first monthly decline since November 2024, down about 9% so far this month. However, year-to-date returns remain positive at 9.16%.

Anuj Gupta, a SEBI-registered market expert, believes gold has investment value only, while silver has both investment and industrial value. Gupta said that nearly 60% of the silver demand comes from industries. As the US-Iran war has entered its fifth week, tension is still high despite Donald Trump extending the deadline to open the Strait of Hormuz for the next 10 days to 6 April 2026.

After closing four consecutive weeks in losses, the US stock market is likely to kick off Monday's session, March 30, with modest gains, even as tensions in West Asia continue to simmer. Futures of the three key indices — the Dow Jones Industrial Average, S&P 500, and Nasdaq — were trading higher by around 0.3%.

Though futures indicate a positive start, US stocks are bracing for their biggest monthly drop in over three years, as higher crude oil prices have ignited fears of prolonged inflation, which has also trimmed prospects of multiple US Federal Reserve rate cuts in 2026.

Tensions in the Middle East have shown no signs of cooling as they have entered their fifth week, surpassing US President Donald Trump’s earlier prediction that the war would last four weeks.

Decoding the gold-silver ratio, Amit Goel, Chief Global Strategist at Pace 360, said, “In the gold-silver ratio, 80 is the pivot point. When the ratio falls below 80, silver prices begin to enter the overbought zone. Similarly, when the ratio exceeds 80, gold prices enter the overbought zone. With gold currently trading around $4,550 per ounce in the international market and silver at $70.30 per ounce, the gold-silver ratio stands near 65, indicating that silver is in the overbought zone. One should avoid buying the white metal in the current market scenario.”

The decline in precious metals has been largely driven by a sharp rise in crude oil prices, which has intensified global inflation concerns. Brent crude surged above $115 per barrel after Yemeni Houthis launched attacks on Israel over the weekend, further escalating the ongoing conflict.

The surge in oil prices has raised fears that inflation could remain elevated, thereby reducing the likelihood of monetary easing. Traders are now pricing in minimal chances of a U.S. rate cut this year—a sharp shift from earlier expectations of two rate cuts before the conflict began.

A stronger U.S. dollar has also added pressure on bullion prices. The dollar has appreciated more than 2% since the U.S.-Israel conflict with Iran began on February 28, making gold and silver more expensive for holders of other currencies and dampening demand.

Silver rate today in Delhi: ₹2,304 for 10 gm, ₹23,035 for 100 gm, ₹2,30,350 for 1 kg

Silver rate today in Jaipur: ₹2,307 for 10 gm, ₹23,071 for 100 gm, ₹2,30,710 for 1 kg

Silver rate today in Mumbai: ₹2,307 for 10 gm, ₹23,074 for 100 gm, ₹2,30,740 for 1 kg

Silver rate today in Kolkata: ₹2,304 for 10 gm, ₹23,044 for 100 gm, ₹2,30,440 for 1 kg

Silver rate today in Chennai: ₹2,306 for 10 gm, ₹23,059 for 100 gm, ₹2,30,590 for 1 kg

Gold rate today in Delhi: ₹1,47,960 for 24 kt, ₹1,35,630 for 22 kt, ₹1,10,970 for 18 kt

Gold rate today in Jaipur: ₹1,48,190 for 24 kt, ₹1,35,841 for 22 kt, ₹1,11,143 for 18 kt

Gold rate today in Mumbai: ₹1,48,210 for 24 kt, ₹1,35,859 for 22 kt, ₹1,11,158 for 18 kt

Gold rate today in Kolkata: ₹1,48,020 for 24 kt, ₹1,35,685 for 22 kt, ₹1,11,015 for 18 kt

Gold rate today in Chennai: ₹1,48,310 for 24 kt, ₹1,35,951 for 22 kt, ₹1,11,233 for 18 kt

Amit Goel, Chief Global Strategist at Pace 360 stated that the current market scenario for bullion is ideal for buying gold, as the gold-silver ratio has risen from 43 to 65 in the last two months. The gold-silver ratio today is just 15 points away from the pivot point. Therefore, investors are expected to shift funds from silver to gold, as silver is currently in the overbought zone and profit-booking may occur at any time in the white metal.

The gold-silver ratio today is around 65, down from below 45 in January 2026. Decoding the gold-silver ratio, Amit Goel, Chief Global Strategist at Pace 360, said, “In the gold-silver ratio, 80 is the pivot point. When the gold-silver ratio falls below 80, silver prices begin to enter the overbought zone. Similarly, when this ratio exceeds 80, gold prices enter the overbought zone. As the gold rate today in the international market is around $4,550 per ounce and the silver rate today is $70.30 per ounce, the gold-silver ratio is near 65, indicating that silver is in the overbought zone. One should avoid buying the white metal in the current market scenario.”

MCX gold rate was trading higher by ₹718, or 0.49%, at ₹1,47,973 per 10 grams level. MCX silver price was up by ₹1,562, or 0.69%, at ₹2,29,516 per kg.

Gold’s share in central banks’ reserves increased from ~13% to over 24% in the last three years.

Central banks collectively added ~1,000 tonnes of gold in the last 3 years. Notably, the Reserve Bank of India (RBI) was also among the major buyers, boosting India’s gold reserves in recent years.

Gold prices have erased its gains for the year. There are early signs of bargain-hunting: speculative positions have started to build again anticipating a comeback. However, the outlook will depend on how the global macro environment evolves. In the near term, much hinges on liquidity, inflation and central banks, said Axis Securities.

Gold’s 2025 rally was built on trust: that inflation would stay low, interest rates would fall, and gold would safeguard against geopolitical storms and currency debasement. The early 2026 sell-off was driven by fear: that inflation would spiral, liquidity would tighten, and even traditional buyers might turn into sellers. For now, Gold’s lustre is tempered by a resurgent dollar and high interest rates. Yet the long-term story – of central banks, investors, and even Indian households valuing gold as a resilient store of wealth – remains intact, said Axis Securities.

Gold prices have fallen more than 15% so far this month, marking its steepest monthly decline since October 2008, pressured by the US dollar, which has gained more than 2% since the US-Israeli war on Iran began on February 28.

MCX gold prices traded higher, recouping early losses. MCX gold rate touched an intraday high of ₹1,49,250 level, up by ₹1,995, or 1.35%. Gold prices were trading higher by ₹705, or 0.48%, at ₹1,47,960 per 10 grams level.

Ajay Kedia, Director, Kedia Advisory, said that the trend for MCX gold rate today remains positive but with limited upside. According to him, MCX gold price may face resistance at ₹1,48,300 per 10 grams level, while support is seen at ₹1,43,000 level.

Bitcoin prices are currently trading in a technically delicate zone around the $66,000 – $67,000 mark, following the formation of a death cross which typically signals near-term weakness in momentum. At the same time, derivatives data indicates a heavy build-up of short positions, with nearly $12 billion in potential liquidations sitting above current levels. This creates the possibility of a sharp upside move if sentiment shifts even slightly. On-chain trends show increased movement of BTC to exchanges and short-term holders exiting positions, pointing to cautious market behavior. However, this is being balanced by steady institutional accumulation, including TWAP-based buying and rising margin longs on platforms, said Avinash Shekhar, Co-Founder & CEO, Pi42.

For investors, this is a time to stay measured and avoid getting swayed by short-term noise. A staggered approach to allocation can help navigate volatility more effectively, while maintaining focus on long-term participation in the asset class. It is important to stay away from highly leveraged trades and avoid reacting to extreme sentiment shifts, as crowded positions can reverse quickly. Periods like these often test conviction, but they also tend to present structured entry opportunities for those who remain patient and disciplined in their approach, he added.