Gold, Silver Rates Today LIVE: Gold prices top ₹144,000, silver zooms 6% — Gold-silver ratio slips to 62

Gold prices are set to snap a five-day losing streak, as the metal advanced nearly 4% in Wednesday’s session (March 25) and is likely to close around these levels. Over the last five trading sessions, the yellow metal has declined by ₹17,073 per 10 grams on MCX.

During Monday’s session, prices slipped below ₹1.3 lakh for the first time since December 2025.

The bullion, which began 2026 with a record-breaking rally, extended the momentum in the first two months before losing steam, resulting in a decline of 11.13% in March so far. Despite the recent correction, prices are still up nearly 71% over the past one year.

Commenting on the outlook of the COMEX gold rate today, Ponmudi R, CEO of Enrich Money, said the COMEX gold rate is trading above key short-term moving averages, with prices currently hovering within the $4,500–$4,600 band.

“On the upside, the $4,670–$4,750 range remains an important resistance band. A sustained move above $4,750 could extend the prices toward $4,850, where stronger supply pressure may emerge. On the downside, a break below $4,500 may accelerate weakness toward the $4,360–$4,400 level. Overall, the structure remains cautiously positive as long as prices continue to trade above key support levels,” the Enrich Money CEO said.

May silver futures on COMEX rebounded, gaining $5.23 to reach an intraday high of $74 per troy ounce, while April gold futures surged $199 to hit an intraday high of $4,601 per troy ounce.

The recovery in both metals marked the biggest single-day spike since February. Safe-haven assets, which had largely been ignored by investors since the beginning of the US-Iran conflict amid fears that higher energy prices could prompt central banks to raise interest rates, have recently seen renewed interest following US President Donald Trump’s remarks suggesting a potential end to the war.

Silver prices on MCX surged by ₹13,409 per kilogram to hit an intraday high of ₹2,37,350, marking the biggest single-day spike since February 27, when prices had jumped ₹22,975.

If the gains hold through the close, it would snap a nine-session losing streak, during which the white metal had shed nearly ₹54,000.

Even as tensions in West Asia remain elevated, precious metals have lost some of their recent sheen amid concerns that higher crude oil prices could stoke inflation, potentially prompting central banks to raise interest rates.

These concerns have already reflected in bond markets, with US Treasury yields rising, making non-yielding bullion less attractive to investors.

After hitting an intraday low of ₹1,29,595 per 10 gm on Monday, the MCX gold rate today staged a smart rebound. After rising on Tuesday, it extended its recovery to Wednesday and touched an intraday peak of ₹1,44,570 per 10 gm, logging around ₹15,000 gain in gold prices in India over two days.

Hareesh V, Head of Commodity Research at Geojit Investments Limited, said gold’s nearly 4% surge on MCX and silver’s sharp rebound were driven by a softer US dollar and easing inflation concerns as crude oil prices corrected. He added that the pullback in energy markets helped temper expectations of higher global interest rates, offering additional support to precious metals.

He further noted that reports suggesting the US is exploring ways to conclude the conflict with Iran boosted safe-haven demand, amplifying the upside momentum in bullion.

According to Hareesh, gold’s upside appears to be driven by value buying after recent sharp corrections, with attractive entry levels triggering renewed demand alongside short covering.

He said gold and silver may see a mild near-term recovery, but breaking recent highs looks difficult.

Hareesh added that while supportive geopolitics could underpin sentiment, a firm US dollar is likely to cap strong upside, keeping price movements relatively restrained.

For Indian investors specifically, gold remains a compelling macro hedge given the rupee’s slide to record lows near 94 against the dollar, Brent above $110, and FPI outflows exceeding ₹60,000 crore in March alone. Sovereign Gold Bonds remain the most efficient vehicle — offering 2.5% annual interest on top of capital appreciation with zero capital gains tax at maturity. Accumulate in tranches on dips toward ₹1,38,000–1,40,000 per 10 grams on MCX rather than going all-in at current levels; the war-driven volatility regime means even safe havens are not immune to 5–8% drawdowns in a single week.

— Harshal Dasani, Business Head, INVasset PMS

Over the longer term, a prolonged conflict would likely become more supportive for both metals. Persistent inflation, fiscal strain, and heightened global uncertainty typically reinforce gold’s role as a store of value. Silver may lag initially if economic growth weakens, but could benefit later from both inflation hedging and structural industrial demand. Overall, the correction still appears more like a pause within a broader supportive environment rather than the start of a sustained downtrend, however, we need to keep a close eye on the ever changing geopolitical landscape.

— Ross Maxwell, Global Strategy Operations Lead, VT Markets

Gold ETFs zoomed up to 6% today amid a sharp rise in bullion prices. Bandhan Bank's Gold ETF emerged as the top leader.

Global gold jewellery consumption declined sharply in the first half of FY2026 due to elevated prices, while investment demand for gold witnessed a strong surge amid economic uncertainty, according to a joint report by ICRA and Assocham.

The report stated that global gold jewellery consumption, in volume terms, declined by 15 per cent in FY2025 and further by 17 per cent year-on-year in H1 FY2026, primarily due to high gold prices.

(Source: ANI)

Gold prices rebounded sharply to around $4550 (+2%) and ₹144000 (+3.5%), supported by improving sentiment as the US and Iran move towards discussions instead of escalation. However, the absence of clarity on the Strait of Hormuz reopening keeps underlying risks intact, with crude price risk not off the table. The current rise appears to be more of a relief rally and short covering rather than fresh bullish momentum. As long as geopolitical uncertainty and inflation concerns persist, gold is likely to remain volatile. Near-term range for gold is seen between ₹135000– ₹155000.

— Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Gold prices in the international markets zoomed $150 or 3.4% to trade above $4550 on Wednesday as the signs of easing conflict in the Middle East pulled oil prices and US dollar lower.

Gold rose on Wednesday, buoyed by a softer dollar, while a drop ‌in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the war in West Asia, Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.

On the outlook, he noted that gold is likely to remain sensitive to the US Federal Reserve's policy path, dollar index movements and geopolitical developments. However, the recent rebound suggests that price dips may continue to find support unless real yields rise meaningfully.

Spot gold is hovering above $4550 mark on hopes for an end to the prolonged Middle east conflict. Any sign of further progress on ceasefire or end to the conflict could cooldown inflation concerns and increase the prospects of interest rate cut.

Further, softer dollar and correction in US treasury yields would support prices. Meanwhile, hawkish central bank comments and massive sell-off from gold ETFs could restrict upside in price. Federal Reserve Governor Michael Barr said the central bank may need to keep rates elevated for some time to address inflation.

Spot gold is expected to hold its gains above $4500 and rise towards $4700. MCX Gold April is expected to rise towards ₹146,500, as long as it holds above ₹139,000. Only a move above ₹146,500, it would turn bullish towards ₹148,200.

• MCX Silver May is expected to move towards ₹240,000, as long as it holds above ₹220,000. Above ₹240,000 it would rise towards ₹248,000.

— ICICI Securities

The value of the stock of gold with Indian households stands at a whopping US$5 tn (125% of GDP) and has gone up sharply in the past few months (see Exhibit 1) on the back of a sharp increase in gold prices. The growth in value of household gold stock was a lot more moderate in the previous decade. The value of stock of gold with households is now a sizable 65% of the non-property stock of wealth with Indian households.

Gold and silver trading will be suspended in the first half on March 26 on account of a holiday to mark Ram Navami. However, the trading will resume in the evening session at 5 pm and will continue till 11 pm.

Gold and silver prices experienced a notable rally today, with gold trading at $4,556.26 per ounce (approximately ₹1,37,639 per 10 grams) and silver at $73.12 per ounce (around ₹2,20,895 per kg), driven by easing geopolitical tensions surrounding the US-Iran conflict and expectations of potential rate cuts amid inflation projections. The precious metals market reacted positively to the signs of a ceasefire, which has alleviated some of the panic selling witnessed earlier. Meanwhile, crude oil prices fell sharply, with WTI crude at $89.22 per barrel (about ₹8,383), reflecting concerns over demand amid a volatile global economic landscape.

— Gaurav Garg, Research Analyst at Lemonn Markets Desk.

The long-term outlook remains decisively positive, driven by structural themes such as de-dollarisation and de-globalisation. These are multi-year shifts that are gradually reshaping the global financial system.

As this transition unfolds, gold and silver are likely to increasingly capture a portion of the reserve currency premium historically enjoyed by the dollar. This process, while gradual, is powerful and supportive of a sustained bull market in bullion over the next 4–5 years.

— Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities

Gold’s nearly 4% surge on MCX and silver’s sharp rebound were driven by a softer US dollar and easing inflation concerns as crude oil prices corrected. The pullback in energy markets helped temper expectations of higher global interest rates, offering additional support to precious metals. Meanwhile, reports suggesting the US is exploring ways to conclude the conflict with Iran boosted safe‑haven demand, amplifying the upside momentum in bullion today.

Gold’s upside today seems driven by value buying after recent sharp corrections, with attractive entry levels triggering renewed demand alongside short covering that lifted prices further.

Gold and silver may see a mild near‑term recovery, but breaking recent highs looks difficult. While supportive geopolitics could underpin sentiment, a firm US dollar is likely to cap strong upside, keeping price movements relatively restrained for now.

— Hareesh V, Head of Commodity Research, Geojit Investments Limited