Gold, Silver Rates Today Highlights: MCX gold rate above ₹1.52 lakh per 10 gm, silver prices bellow ₹2.4 lakh per kg

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Gold fell more than 11% in March in its steepest monthly decline since October 2008 as elevated oil prices fuelled inflation concerns and bets of a hawkish monetary policy response. While gold is often used as a hedge against inflation and geopolitical risks, high interest rates make the non-yielding bullion less attractive among investors.

Technically, international gold prices are seen supported near $4,170 per ounce, while resistance is placed around $4,850 per ounce. On the domestic front, prices are likely to find support near the ₹1,35,000-1,33,500 zone, with a strong resistance zone seen around ₹1,57,600. A sustained break beyond this range will be required to establish a clear directional trend, said Sugandha Sachdeva, Founder of SS WealthStreet.

The US President Donald Trump has declared that the US military would vacate Iran in the next two to three weeks, as the US administration believes their goal of eliminating the country’s nuclear threat has been achieved. After the de-escalation in the US-Iran war, the market believes the crude oil prices would scale down, enabling the inflation fears to fade out. The market also believes that fading inflation fear may boost the US President's morale to ask the new US Fed chief for a possible rate cut. The pressure on the US dollar is also a reason for the rise in the gold and silver rates today, said Anuj Gupta, a SEBI-registered market expert.

24 karat gold rate in Mumbai — ₹1,52,000 per 10 gm

22 karat gold rate in Mumbai — ₹1,39,333 per 10 gm

Silver 999 Fine rate in Mumbai — ₹2,42,080 per 1 kg

24 karat gold rate in New Delhi — ₹1,51,610 per 10 gm

22 karat gold rate in New Delhi — ₹1,38,976 per 10 gm

Silver 999 Fine rate in New Delhi — ₹2,41,760 per 1 kg

Bitcoin prices are facing resistance near the $68,500 – $70,000 zone, with recovery momentum at risk if it fails to hold above key support levels. This reflects that the market currently is reacting sharply to geopolitical developments, with short-term rallies quickly fading amid mixed signals.

Going forward, Bitcoin price appears to be at a critical juncture. Holding above the $67,000 – $68,000 support zone could allow for another attempt toward the $70,000 level, while a breakdown below this range may open the door for further downside, keeping the market in a volatile and range-bound phase, said Avinash Shekhar, Co-Founder & CEO, Pi42.

MCX silver prices rebounded from early losses to trade higher. Silver rate was up by ₹605, or 0.25%, at ₹2,41,497 per kg. MCX silver price touched a high of ₹2,42,498 level.

Comex silver prices are currently within the $74-$76 resistance band. The broader trend now reflects a gradually improving tone, supported by safe-haven interest and resilience in industrial metals, which continues to provide a supportive base to prices. On the upside, a sustained and decisive move above $76 would signal strengthening bullish momentum and may open the door for an advance toward $80 - $82, where selling pressure is likely to emerge. However, a failure to hold above $74 could reintroduce downward pressure, potentially dragging prices toward $71 in the near term, with stronger support placed in the $68–$66 region, said Ponmudi R, CEO of Enrich Money.

Comex gold price is hovering within the $4,700 – $4,750 resistance band. The overall structure is showing signs of underlying strength, supported by persistent geopolitical tensions in the Middle East, which continue to drive safe-haven demand and provide a firm cushion to prices. A sustained move above $4,750 could extend the rally toward $4,800, with further upside potential toward $4,900, where stronger supply pressure is likely to emerge, said Ponmudi R, CEO of Enrich Money.

On the downside, a sustained break below $4,650 may accelerate weakness toward $4,550-$4,500, with further downside extending toward the $4,400 level. The structure remains cautiously positive as long as prices hold above key support levels, he added.

MCX gold rate today was trading higher by ₹1,131, or 0.75%, at ₹1,51,892 per 10 grams level. MCX silver price was down by ₹322, or 0.13%, at ₹2,40,570 per kg.

The overall trend for MCX silver price is positive, but as of 1 hour view, we are expecting limited downside pullback, said Ajay Kedia. He expects MCX silver rate may face resistance at ₹2,54,897 per kg level, while support is seen at ₹2,33,790 level.

The overall trend for MCX gold rate today remains positive, but as of 1 hour, Ajay Kedia, Director, Kedia Advisory, expects limited downside pullback. According to him, MCX gold price may face resistance at ₹1,53,250 level, while support is seen at ₹1,47,667 level.

For MCX silver price, the ₹2,43,000 - ₹2,45,000 now serves as the immediate resistance band. A sustained move above this level could trigger a recovery toward the ₹2,50,000 - ₹2,55,000 zone. On the downside, a decisive break below the ₹2,39,000 level may accelerate the decline toward ₹2,36,000 range, which remains a crucial structural support, with further downside potential extending toward the ₹2,32,000 – ₹2,30,000 region, said Ponmudi R.

Overall, he believes the near-term outlook remains cautious, with price action largely dependent on the ability to sustain above key resistance levels, while geopolitical developments and macro cues continue to influence market direction.

MCX gold price action suggests resilience at higher levels, keeping the broader tone constructive and supportive of an upward bias. On the upside, a sustained move above ₹1,53,000 level would strengthen bullish momentum and may open the path toward ₹1,55,000 with further upside potential toward ₹1,58,000 - ₹1,60,000 level, where supply pressure is likely to emerge.

On the downside, a sustained break below ₹1,50,000 could trigger extended profit booking, potentially dragging prices toward ₹1,48,000 - ₹1,46,000 range. Overall, the near-term bias remains cautious, supported by underlying strength in prices, with macro uncertainty and geopolitical developments expected to continue driving momentum, said Ponmudi R, CEO of Enrich Money.

Silver prices steadied near $75 per ounce, gaining over 7% in the latest session and reaching a two-week high amid signs of easing US-Iran war. Despite this rebound, silver prices declined more than 20% in March, marking its sharpest drop since September 2011, and continues to trade nearly 40% below January peak levels. The earlier sell-off was driven by disrupted energy markets and rising inflation concerns, which pushed central banks toward a hawkish stance. Consequently, traders have fully abandoned expectations of US rate cuts in 2026, reversing earlier forecasts of two rate reductions.

Gold prices in the international markets climbed to around $4,700 per ounce, supported by signs of de-escalation in the US-Iran war that could ease oil prices and reduce pressure on central banks to tighten policy further. However, upside remained capped as reduced geopolitical risks weakened safe-haven demand, while a firm US dollar and elevated Treasury yields continued to weigh on the non-yielding metal.

Gold prices have declined more than 13% in March, marking its sharpest monthly fall since October 2008, and is still nearly 19% below its late-January record highs. Markets now await upcoming US economic data and Federal Reserve signals for rate outlook.

MCX gold rate for June expiry contracts opened higher by ₹666, or 0.44%, at ₹1,51,427 per 10 grams as against its previous close of ₹1,50,761 level. MCX silver price for May futures contracts opened 0.67% lower at ₹2,39,257 per kg as compared to its previous close of ₹2,40,892 level.

MCX gold rate today for June expiry contracts was trading higher by ₹976, or 0.65%, at ₹1,51,737 per 10 grams level. MCX silver price for May futures contracts was at ₹2,40,326 per kg, down by ₹566, or 0.23%.

Spot gold price rose 0.4% to $4,685.79 per ounce, having hit its highest level since March 20 at $4,723.21 earlier in the day. US gold futures for April delivery gained 0.8% to $4,713.40. Spot silver prices fell 0.8% to $74.53 per ounce.

Gold prices rose to their highest in nearly two weeks on Wednesday, supported by a weaker dollar after US President Donald Trump said the war with Iran could wind down within two to three weeks.