Gold, Silver Rates Today LIVE: Gold vs silver — which precious metal may top out first?

As the US Federal Reserve’s January policy meeting approaches, investors are closely tracking multiple triggers that could influence price action. Gold is expected to remain volatile within a broad range of ₹1,41,000– ₹1,45,000 in the near term.

Precious metals have surged significantly this year due to Trump’s increasingly aggressive foreign policies and renewed criticism of the Federal Reserve, including the Justice Department threatening Chair Jerome Powell, Bloomberg reported.

Undermining the central bank’s independence and capacity to control inflation would weaken the dollar and Treasuries, emphasising gold and silver’s role as safe havens.

Bloomberg reported that the white metal dropped as much as 3.1% during Asian trading following a modest decrease in the prior session. The possibility of tariffs on minerals like silver and platinum was one of several factors fueling the rapid rally, but US President Donald Trump did not impose the duties, though he did not rule them out for the future. Gold declined by 0.2%.

Silver declined on Friday after the US avoided imposing import tariffs on critical minerals, but it remained over 14% higher for the week due to rising demand for precious metals, Bloomberg reported.

It further noted that the white metal dropped as much as 3.1% during Asian trading following a modest decrease in the prior session. The possibility of tariffs on minerals like silver and platinum was one of several factors fueling the rapid rally, but US President Donald Trump did not impose the duties, though he did not rule them out for the future. Gold declined by 0.2%.

It took less than nine months for silver to rise from ₹1 lakh to ₹2 lakh, and the next ₹91,000 was achieved in under five weeks.

March silver futures contract on MCX fell nearly ₹7,000 per kilogram to reach the day’s low of ₹2,84,628.

Earlier this week, both gold and silver rose to fresh historic highs after protests flared up in Iran and US President Donald Trump signaled the potential for strikes on the nation.

Late on Thursday, however, Trump said Tehran’s crackdown on protesters was easing, allaying worries about possible military action. Reports also suggested that Israel and several Middle Eastern allies had asked the US to delay any attack on Iran amid fears that Iran could retaliate by striking their countries.

Gold prices on MCX recovered ₹896 per 10 grams to reach a day’s high of ₹1,43,296. The yellow metal is now trading flaMarch silver futures contract on MCX fell nearly ₹7,000 per kilogram to reach the day’s low of ₹2,84,628t at ₹1,43,011 as of 8:00 PM.

Despite subdued trade today, it is on track to post a weekly gain of 3%. Gold finished last week with a surge of 2.25%, contributing to a nearly 6% rally in the first eleven trading sessions of 2026.

Gold prices on MCX are trading with mild losses of 0.40% at ₹1,42,596 per 10 grams as of 7:00 PM, amid a stronger US dollar and fading geopolitical risk premium following reduced tensions in the Middle East.

The dollar index held steady around 99.3 on Friday, poised for a third consecutive weekly gain as strong US economic data tempered expectations for additional Federal Reserve interest rate cuts.

Weekly jobless claims came in well below forecasts, signaling a resilient labor market, while some manufacturing surveys also exceeded expectations.

Silver prices on MCX are on track for a weekly gain of 15% after hitting a fresh record high of ₹2,92,960 earlier this week, despite a recent pullback following the Trump administration's decision to hold off on imposing import tariffs on critical minerals

It took less than nine months for silver to rise from ₹1 lakh to ₹2 lakh, and the next ₹91,000 was achieved in under five weeks.

Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said, "Gold traded in a flat-to-positive range, holding firm near ₹1,43,150 on MCX and around $4,605 on Comex, as prices comfortably sustained above the $4,600 mark."

He added that ongoing geopolitical uncertainty between the U.S. and Iran continues to lend support, even as Washington indicated no immediate military intervention if Iran refrains from escalating actions.

However, he noted that the situation remains fluid, with additional global flashpoints—including renewed strategic focus on Greenland—keeping risk sentiment elevated. In this environment, he believes gold continues to attract premium safe-haven demand as an alternative to the dollar.

"With the U.S. Federal Reserve’s January policy meeting approaching, participants are closely tracking multiple triggers that could influence price action. Gold is expected to remain volatile within a broad range of ₹1,41,000– ₹1,45,000 in the near term," added Jateen Trivedi.

With the U.S. Federal Reserve’s January policy meeting approaching, participants are closely tracking multiple triggers that could influence price action. Gold is expected to remain volatile within a broad range of ₹1,41,000– ₹1,45,000 in the near term.

— Jateen Trivedi, VP Research Analyst — Commodity & Currency at LKP Securities

Gold traded in a flat-to-positive range, holding firm near ₹1,43,150 in MCX and around $4,605 on Comex, as prices comfortably sustained above the $4,600 mark. Ongoing geopolitical uncertainty between the U.S. and Iran continues to lend support, even as Washington indicated no immediate military intervention if Iran refrains from escalating actions. However, the situation remains fluid with additional global flashpoints, including renewed strategic focus on Greenland, keeping risk sentiment elevated. In this environment, gold continues to attract premium safe-haven demand as an alternative to the dollar.

— Jateen Trivedi, VP Research Analyst — Commodity & Currency at LKP Securities

We can expect a bounce back in the MCX gold rates untill it is sustaining above ₹1,35,000 per 10 gm. In case it closes below this crucial support in the near term, then it would become a little difficult for the yellow metal to eclipse its existing record high.

Amit Goel, Chief Global Strategist at Pace 360

We can expect MCX silver rates to bounce back untill the precious white metal is above ₹1,70,000 per kg levels. Once the white metal closes below ₹2,70,000 per kg levels, one can assume that silver price rally has topped out.

Amit Goel, Chief Global Strategist at Pace 360

In the international market, silver rate today has crucial support placed at $85 per ounce. If the white metal slips below this level on a closing basis in the near term, then we can expect another $10 perm ounce selling in the white metal.

Amit Goel, Chief Global Strategist at Pace 360

Around two weeks ago, all metals were moving in one direction but today the case looks different. Base metals and precious metals other than gold and silver have lost momentum. In between gold and silver, it is silver which is outshining gold and hence, I am expecting gold to top out first.

— Amit Goel, Chief Global Strategist a Pace 360

Gold and silver prices are under pressure today as the US Dollar is gaining stregth against the major global currencies. This is happening because the US unemployment data came yesterday is positive for the American economy, which is providing support to the US Dollar.

— Anuj Gupta, a SEBI-registered commodity expert

The COMEX gold price is trading range-bound in $4,550 to $4,650 per ounce. Likewise, the MCX gold rate today is in ₹1,40,000 per 10 gm to ₹1,45,000 per 10 gm. A bullish or a bearish trend can be assumed on the breakage of either side of these ranges.

— Anuj Gupta — a SEBI-registered commodity expert

The COMEX silver price is trading in a broader range of $85 to $93 per ounce. Likewise, MCX silver rate is trading in ₹2,80,000 to ₹2,93,000 per kg range. A bullish or a bearish trend can be assumed on the breakage of these ranges in the international and domestic market.

Anuj Gupta, a SEBI-registered commodity expert

MCX Silver is trading near ₹2,87,000 after posting recent highs around ₹2,92,960, firmly entrenched in a strong bullish channel. The price action reflects aggressive absorption on dips, positioning silver as a high-beta outperformer within the precious metals space. Sustained strength above ₹2,90,000 keeps the upside trajectory intact. A clear breakout beyond ₹2,92,000 could pave the way toward ₹3,00,000 and higher levels. On the downside, any corrective move below ₹2,85,000 may test the ₹2,80,000 zone, where fresh buying interest is expected to emerge.

Ponmudi R, CEO at Enrich Money

The $85 zone may witness intermittent consolidation, while a sustained move above the $86–$88 band could trigger an impulsive rally toward $93–$97. Strong medium-term support is placed in the $80–$83 range. Looking into 2026, silver remains structurally bullish with medium-term targets beyond $100, driven by persistent supply deficits and accelerating industrial consumption.

— Ponmudi R, CEO at Enrich Money

Structural demand from solar energy, electric vehicles, AI infrastructure, and electronics, along with safe-haven flows, continues to underpin silver’s strength. The previous session's Hanging Man candlestick pattern formation suggests near-term profit booking, but sentiment remains constructive with support emerging across higher levels.

— Ponmudi R, CEO at Enrich Money

COMEX Silver is holding firm near the $90 mark after scaling lifetime highs around $93.70. Prices remain comfortably above short- and medium-term moving averages following a strong breakout, indicating continued buyer dominance.

— Ponmudi R, CEO at Enrich Money

Looking into 2026, silver remains structurally bullish with medium-term targets beyond $100, driven by persistent supply deficits and accelerating industrial consumption.

Ponmudi R, CEO at Enrich Money

Any short-term dips are expected to remain shallow and should attract fresh buying interest. Overall, gold remains firmly bullish, supported by safe-haven demand, steady central bank accumulation, and ongoing macro-economic uncertainties.

— Ponmudi R, CEO of Enrich Money

COMEX Gold has support at $4520-4455 while resistance at $4640-4690. Silver has support at $86.10-84.75 while resistance is at $92.15-94.40. In INR gold has support at Rs1,42,350-1,40,310 while resistance at Rs1,44,350-1,45,670. Silver has support at Rs2,88,810, 2,84,170 while resistance at Rs2,94,810, 2,96,470.

— Rahul Kalantri, VP Commodities, Mehta Equities

The recent data has kept expectations of Federal Reserve rate cuts on hold for the first half of the year, pushing the dollar index to multi-week highs and creating near-term headwinds for gold.

— Rahul Kalantri, VP Commodities at Mehta Equities

Gold and silver witnessed sharp volatility and closed on a mixed note on Thursday. Weaker-than-expected U.S. weekly jobless claims strengthened the dollar, while President Donald Trump’s softer stance on Iran reduced safe-haven demand for precious metals.

Ponmudi R, CEO at Enrich Money

The COMEX gold price is trading in a broader range of $4550 to $4650 per ounce, whereas the MCX gold rate is trading in ₹1,40,000 per 10 gm to ₹1,45,000 per 10 gm.

— Anuj Gupta, a SEBI-registered commodity expert

The COMEX silver is trading in a broad $85 to $93 per ounce range, whereas MCX silver rate is trading in ₹2,80,000 per kg to ₹2,93,000 per kg. A bullish or a bearish trend can be assumed on the breakage of the either side of this rang.

The major reason for fall in the gold and silver rates today is US Dollar gaining strength against major global currencies. This could become possible due to the strong US unemployment data. Ease in the US-Iran tension after Donald Trump's changed stance on Iran. This ease in the geopolitical tension has hit gold and silver's demand as a safe-haven.

— Anuj Gupta, a SEBI-registered commodity expert

Following weak global sentiments, precious metals witnessed selling pressure during the early morning session. Gold rate today on MCX opened lower at ₹1,42,589 per 10 gm and touched an intraday low of ₹1,42,400 per 10 gm within a few minutes of the Opening Bell.

Likewise, silver rate today on MCX opened with a downside gap at ₹2,87,127 per kg and touched an intraday low of ₹2,85,513 per kg within a few minutes of the Opening Bell.

The COMEX gold price retraced from its record high of $4,650.50 per ounce on Thursday, the precious yellow metal extended its losses further during the morning deals on Friday. The COMEX gold price today is around $4,600 per ounce, logging an intraday loss of 0.50%.

The COMEX silver price today opened with a downside gap and touched an intraday low of $89.318 per ounce. However, the white metal witnessed value buying at lower levels and recovered. Currently, the COMEX silver price is quoting $90.400 per ounce, logging an intraday loss of around 2.15% on Friday morning.

Gold, Silver Rates Today LIVE: Jigar Trivedi, Senior Research Analyst at Reliance Securities said that MCX gold price for February futures may drop to ₹1,42,300 per 10 grams level as the undertone is mildly weak in dollar terms too. According to him, MCX silver rate for March contracts prices are likely to weaken during the day session to ₹2,86,000 per kg level.

Gold, Silver Rates Today LIVE: SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings nudged 0.05% higher to 1,074.80 tons on Thursday.

Gold, Silver Rates Today LIVE: In the domestic market, gold and silver prices rose and continued to hit record highs in the previous session. MCX gold price touched a lifetime high of ₹1,43,483 per 10 grams level, while MCX silver rate hit a fresh peak of ₹2,92,960 per kg on Thursday.

Gold, Silver Rates Today LIVE: The drop in gold price today came after the US dollar hit a six-week high as jobless claims unexpectedly fell. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.24% to 99.31, and reached 99.49, the highest since December 2.

Gold, Silver Rates Today LIVE: Spot gold price fell 0.29% to $4,602.43 per ounce, but was up more than 2% for the week. Bullion hit a record $4,642.72 on Wednesday. US gold futures for February delivery fell 0.27% to $4,611.20. Spot silver declined 0.8% to $91.6861 per ounce ‍after hitting an all-time high of $93.57 earlier in the session.

Gold, Silver Rates Today LIVE: Gold and silver ​prices declined in the international markets as the US dollar strengthened after weaker-than-expected US weekly jobless claims, while US President Donald Trump’s moderated tone on Iran weighed on safe-haven demand for the precious metals.