Gold, Silver Rates Today LIVE: MCX gold rate rises above ₹1.45 lakh; silver price gets costlier by ₹8,000 per kg

Ajay Kedia, Director at Kedia Advisory, expects the gold-silver ratio to rise to 75 over the next six months.

“The surge in crude oil prices amid escalating geopolitical tensions is likely to keep inflation elevated and weigh on global growth. This is negative for silver, which has already seen sharp profit booking from recent highs. While the outlook for both precious metals remains bearish, we expect silver to underperform gold,” Kedia said.

He pegged support levels for gold at $3,450–$4,000 per ounce, while silver is likely to find support around $50 per ounce.

Kedia further noted that expectations of a US Federal Reserve rate hike, a stronger US dollar, and ETF outflows are key factors that could continue to pressure silver prices. He recommended that investors consider shifting allocations from silver to gold in the current environment.

The gold-silver ratio has witnessed a sharp uptrend over the past month, indicating a relative outperformance of gold over silver. The ratio, which had declined to below 45 in January, surged to around 65 in March and was hovering near 64.20 on Friday.

The gold-silver ratio measures the amount of gold needed to purchase an ounce of silver, and is a key metric used by traders to position themselves in the commodity market. The gold-silver ratio above 100 is seen as positive for silver, making gold expensive. On the flip side, a fall to the 40s indicates the end of silver's boom.

The April gold futures on MCX jumped ₹3,400 per 10 grams to hit an intraday high of ₹1,42,939.

If prices hold around these levels through the close, it would mark the biggest single-day gain since early March. The bullion has recovered sharply by ₹15,599 from the week's low, yet it is still down 1.20% so far this week.

Silver prices on MCX surged by ₹8,027 per kilogram to reach an intraday high of ₹2,27,907. The white metal has rebounded by ₹28,258 per kilo from March 23 lows.

May silver futures on COMEX rebounded, gaining $2.50 to reach an intraday high of $74 per troy ounce, but remained on track to extend their weekly losing streak to five. April gold futures surged $93 to hit an intraday high of $4,601 per troy ounce, partially recovering from Thursday's $176 crash.

Despite today’s recovery, the yellow metal is still down 3.13% so far this week, positioning it to record a fourth consecutive weekly loss. Precious metals have remained highly volatile throughout the week, as traders continue to navigate a barrage of headlines around potential ceasefire talks between the US and Iran.

It's been almost one month since the US-Israeli war with Iran, which kicked off on February 28. And despite the heightened geopolitical tensions, the gold and silver — known for their safe-haven appeal — have taken a sharp beating, raising concerns around a possible end to the bull run in bullion.

Gold prices have crashed 16% in a month, and the silver rate is down 27%. The correction stems primarily from liquidity pressures and fading Federal Reserve rate-cut bets.

US stock futures were trading slightly in the red during Friday’s session, March 27, even as US President Donald Trump extended the deadline for a potential attack on Iran’s energy infrastructure by another 10 days.

The move failed to calm markets and instead led to a sharp rebound in crude oil prices.

Futures of the three key indices — the Dow Jones Industrial Average, S&P 500, and Nasdaq—were down in the range of 0.3%.

Although Trump’s recent statements indicated that he is willing to end the war, the US is reportedly sending more troops to the region, creating uncertainty among investors over a potential ceasefire in the Middle East.

Jateen Trivedi, VP – Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US–Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks."

On MCX, gold held firm above ₹1,44,500 (+1.46%), largely aided by rupee weakness, which is cushioning domestic prices. Despite the bounce, he said sentiment remains cautious as macro triggers continue to favour higher interest rates.

Technically, support is seen near ₹1,42,000, while resistance is placed around ₹1,46,500. Overall, he expects gold to remain volatile with limited upside unless clarity emerges on inflation and geopolitics.

Silver prices rose by ₹6,911 to reach ₹2.26 lakh per kilogram in futures trading on Friday, March 27, as investors re-entered the market after a brief reduction in tensions between the US and Iran.

On the Multi Commodity Exchange (MCX), the white metal for May delivery surged by ₹6,911, or 3.14%, to ₹2,26,785 per kg. In the last session, silver futures dropped by ₹14,960, or 6.37%, finishing at ₹2,19,874 per kg.

In a similar vein, gold prices surged by ₹1,997 to reach ₹1.41 lakh per 10 grams in futures trading on Friday, influenced by gains in global markets and purchasing by traders looking for bargains following a significant drop.

Gold rate today in Delhi: ₹1,42,800 for 24 kt, ₹1,30,900 for 22 kt, ₹1,07,100 for 18 kt

Gold rate today in Jaipur: ₹1,43,020 for 24 kt, ₹1,31,102 for 22 kt, ₹1,07,265 for 18 kt

Gold rate today in Mumbai: ₹1,43,040 for 24 kt, ₹1,31,120 for 22 kt, ₹1,07,280 for 18 kt

Gold rate today in Kolkata: ₹1,42,770 for 24 kt, ₹1,30,873 for 22 kt, ₹1,07,078 for 18 kt

Gold rate today in Chennai: ₹1,43,380 for 24 kt, ₹1,31,432 for 22 kt, ₹1,07,535 for 18 kt

According to Ajay Kedia, Director, Kedia Advisory, gold prices have immediate support near $4,000, and deeper support around $3,450 level, while resistance is seen at near $5,180 level. MCX gold price has support at ₹1,15,000 – ₹1,20,000 levels, while resistance is placed near ₹1,50,000

Comex silver price may fund support at $52 and resistance at $85 level. Support for MCX silver price is seen at ₹1,75,000, and resistance at ₹2,75,000 level.

The Indian rupee tanked 74 paise to hit a fresh all-time low of 94.70 against the US dollar during intra-day trade on Friday, making gold expensive for buyers. At the interbank foreign exchange, the rupee opened at 94.18 and kept sliding to breach the 94.50-mark before hitting 94.70 against the US dollar during intra-day trade, down 74 paise from its previous close.

MCX Gold rate today for June futures contracts hit an intraday high of ₹1,45,773 per 10 grams level, surging as much as ₹3,259, or 2.28%, for the day. MCX silver rate for May futures contracts jumped as much as by ₹8,027, or 3.65%, to an intraday high of ₹2,27,901 per kilogram.

Higher oil prices can lead to inflationary pressures. While inflation typically boosts gold’s appeal as a hedge, high interest rates weigh on demand for the non-yielding asset. Traders do not expect any US rate cuts in 2026 and see a 35% chance of a rate hike by year end, per the CME Group’s FedWatch Tool. That compares with expectations for two cuts before the conflict erupted.

The Indian rupee hit a record low past the 94-per-dollar mark, making gold costlier for consumers. The rupee fell to 94.6525 per dollar, down 0.6% and eclipsing its previous all-time low of 93.98 hit earlier this week. It has declined about 4% since the US-Iran war began last month and is down more than 10% since March 31, 2025.

In China, gold prices traded at premiums of $14-$18 an ounce over global benchmark prices this week, narrowing from the $10-$22 premium last week, Reuters reported. In Hong Kong, physical gold traded at par to premiums of $1.90, while in Japan, gold was sold at par with spot prices. In Singapore, gold was sold at prices ranging from a discount of $0.50 to premiums of $3.50 an ounce.

COMEX gold price is hovering within the $4,400–$4,500 band. The broader structure still reflects underlying weakness, with geopolitical tensions offering only intermittent safe-haven support and limiting sustained upside. A sustained move above $4,600 could extend the rally toward $4,680 – $4,750, with further upside potential toward $4,850, where stronger supply is expected. On the downside, a break below $4,300 may accelerate weakness toward the $4,100 – $4,150 zone, said Ponmudi R, CEO of Enrich Money.

Gold demand in India saw a slight uptick this week as softer bullion prices attracted some buyers, Reuters reported. Bullion dealers in India offered discounts of up to $61 per ounce over official domestic gold prices this week, down from as much as $75 last week. These prices include 6% import duty and 3% sales tax.

MCX gold rate today was trading higher by ₹2,984, or 2.09%, at ₹1,45,498 per 10 grams, while MCX silver price was up by ₹7,076, or 3.22%, at ₹2,26,950 per kg.

Bitcoin price is currently trading near the $68,800 level amid heightened geopolitical tensions and the impact of a large $14 billion options expiry today, which has added short-term pressure and volatility to the market. Risk-off sentiment has intensified after US President Donald Trump issued a ‘get serious’ warning to Iran, escalating tensions and weighing on the crypto market.

However, despite this near-term weakness, underlying signals suggest this is not a trend reversal. Market data shows strong buy signals emerging after recent bearish sentiment, indicating that dips are being viewed as accumulation opportunities, said Avinash Shekhar, Co-Founder & CEO, Pi42.

At the same time, the options market continues to point toward higher levels, with the $75,000 zone acting as a potential magnet once current volatility subsides. This is because a large concentration of options is positioned around higher strike levels, which can influence price action and draw Bitcoin toward these levels as expiry-related pressure eases. Overall, while short-term volatility persists, the broader structure remains constructive.

Gold prices rose over 1%, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging energy prices fuelled inflation concerns and raised expectations of higher global interest rates, Reuters reported. Spot gold price rose 1.3% to $4,433.69 per ounce, while US gold futures for April delivery gained 1.2% to $4,428.40.