Gold, Silver Rates Today Highlights: MCX gold rate above ₹1.62 lakh per 10 gm, silver prices jump by ₹11,000 per kg

Updates on this Gold and Silver Price Live blog have ended. Read more Commodity Market news here

Gold and silver prices have remained elevated in recent months, and that has clearly strengthened the value proposition of asset-backed borrowing. For households, higher gold prices mean better loan eligibility against the same quantity of jewellery, which is particularly useful when short-term liquidity needs arise. At the same time, we are seeing customers become more value-conscious — using gold loans not for consumption-led spending, but to manage cash flows, small business needs, or temporary financial gaps, said Senthil Kumar R, MD & CEO, Nitstone Finserv.

From a lender’s perspective, he added that while gold price volatility needs to be monitored closely, strong underlying demand and disciplined loan-to-value practices continue to keep gold-backed credit a stable and reliable segment.

Higher energy costs fanned inflation concerns and further dimmed the prospects for a near-term cut in interest rates by the US Federal Reserve. Investors expect the Fed to keep rates steady at the end of its two-day meeting on March 18, per CME Group's FedWatch tool.

MCX gold rate today was trading higher by ₹1,867, or 1.16%, at ₹1,62,166 per 10 grams level, while MCX silver price was up by ₹10,018, or 3.75%, at ₹2,77,178 per kg.

The gold price in Delhi reflected the overall gold rates across India on 10 March. The 24-karat gold price in Delhi was ₹1,61,700 per 10 grams, up ₹1,270 per 10 grams. Meanwhile, the price of 22-karat gold in the national capital was ₹1,48,225 per 10 grams, while the rate of 18-karat gold was ₹1,21,275 per 10 grams.

The gold price in Mumbai today was in the green, in line with the overall gold rate in India. The 24-karat gold price in Mumbai was ₹1,61,830 per 10 grams, up ₹1,120 per 10 grams. Meanwhile, the price of 22-karat gold in Mumbai was ₹1,48,344 per 10 grams. On the other hand, the 18-karat gold rate in Mumbai was ₹1,21,373 per 10 grams.

Renisha Chainani, Head - Research at Augmont believes silver prices remain firmly supported and is continuing its upward momentum, with the next upside target seen around $90 (~ ₹2,82,000). On the downside, strong support is placed near $80 (~ ₹2,55,000), suggesting that any short-term corrections could attract fresh buying interest.

For gold, she said, “Gold continues to maintain a bullish bias, with prices expected to move towards $5,250 (~ ₹1,65,000) and $5,300 (~ ₹167,000) in the near term. Strong support is seen around the $5,000 (~ ₹1,58,000) level, which is likely to act as a key buying zone on any corrective dips.”

MCX gold price was trading higher by ₹1,922, or, 1.20%, at ₹1,62,221 per 10 grams, while MCX silver price was up by ₹10,199, or 3.82%, at ₹2,77,359 per kg.

Ajay Kedia said that the trend for MCX silver rate today remains positive. Silver prices may face resistance at ₹2,80,000 per kg level, while support is seen at ₹2,73,100 level.

The view for MCX gold rate today remains positive, said Ajay Kedia. According to him, gold prices may face resistance at ₹1,63,000 per 10 grams level, while support is seen at ₹1,61,000 level.

MCX silver prices are trading around ₹2,60,000 – ₹2,80,000 in a range-bound structure, reflecting consolidation after earlier volatility driven by global safe-haven flows.

The long-term bullish framework remains intact, holding above key support levels amid heightened geopolitical tensions. Silver prices continue to extend their broader upward trend, with short-term momentum gradually strengthening. Key support is placed at ₹2,50,000 – ₹2,60,000. A sustained hold above this region could trigger recovery toward ₹2,80,000 – ₹3,00,000. Dips toward strong support zones may offer accumulation opportunities for positional traders, though a decisive breakdown below these levels could accelerate downside pressure, said Ponmudi R.

MCX gold prices are trading in the ₹1,55,000 – ₹1,65,000 range, and are currently moving in short-term consolidation with a positive tilt, supported by continued risk-off flows and holding firmly above critical support zones.

Strong buying interest persists in the ₹1,50,000 – ₹1,55,000 demand band following the recent surge driven by Middle East tensions. A hold above this base, followed by a sustained breakout above ₹1,70,000, may revive momentum toward ₹1,75,000 – ₹1,80,000, preserving a bullish medium-term perspective, said Ponmudi R, CEO of Enrich Money.

The trend for silver prices today remains positive. Ajay Kedia said that silver price may face resistance at $90 level, while support is placed at $86 level.

The trend for gold price today remains positive, according to Ajay Kedia. He said that gold price may face resistance at $5,210 level, while support is seen at $5,132 level.

Bitcoin prices climbed back to around $70,000 after briefly falling to $65,000, helped by cooling oil prices that eased broader market concerns.

Traders are now watching key liquidity zones, with support forming near $68,000 and potential resistance between $70,000 and $72,000, which could guide the next move. At the same time, Bitcoin price reached a major milestone as 20 million coins are now in circulation, meaning over 95% of its total supply has been mined. Adding to the narrative, Strategy recently purchased 17,994 Bitcoins worth $1.28 billion, increasing its total BTC holdings to 738,731 BTC as part of its long-term accumulation strategy, said CoinSwitch Markets Desk.

MCX gold price extended gains after opening higher. MCX gold rate was trading at ₹1,61,607 per 10 grams, up by ₹1,308, or 0.82%. It touched a high of ₹1,61,791 level.

MCX silver prices were trading higher by ₹9,740, or 3.65%, at ₹2,76,900 per kg. Silver rate jumped as much as 4.18% to ₹2,78,339 level.

MCX gold rate for April futures contracts opened higher by ₹1,444, or 0.90%, at ₹1,61,743 per 10 grams as against its previous close of ₹1,60,299 level. MCX silver price for May futures contracts opened higher by ₹3,840, or 1.43%, at ₹2,71,000 per kilogram as compared to its previous close of ₹2,67,160 level.

The US dollar declined on speculation that the war in the Middle East could prove limited. The dollar index fell 0.39% to 98.79. The dollar was at 157.73 yen and $1.1632 per euro. Sterling held at $1.3412 a dollar.

Gold prices rose to around $5,180 an ounce, recouping losses from the previous session, as the US dollar weakened after President Trump signaled that the conflict in the Middle East could end soon. Investors now await key US inflation data, including the CPI and PCE, due later this week, for fresh cues on the Fed's policy outlook.

Jigar Trivedi, Senior Research Analyst at IndusInd Securities said MCX gold rate for April futures is likely to experience the positive momentum and ₹1,63,000 per 10 grams is resistance for intraday today.

Gold prices climbed to $5,180, recovering from the previous session’s decline as the US dollar weakened. Sentiment improved after President Donald Trump indicated the military operation involving Iran could end soon, describing it as a short-term effort.

According to Ajay Kedia, Director, Kedia Advisory, gold prices may get support at $5,120 level, while resistance is seen at $5,260 level. MCX gold prices are likely to get support at ₹1,58,800 level and resistance is seen at ₹1,62,500 level.

“Gold prices look to get resistance at $5,200, failure to break above the same can take prices again towards $5,164 - $5,148 levels, while above the same can test $5,216,” Kedia said.

In a phone interview, President Donald Trump said the Iran war could end soon, claiming Iranian forces have “no navy, no communications, they’ve got no Air Force,” putting the US “very far” ahead of his initial 4-5 week estimate. On Iran’s new Supreme Leader Mojtaba Khamenei, Trump said, “I have no message for him. None, whatsoever,” and hinted at a potential replacement without elaboration. He noted ships are currently moving through the Strait of Hormuz but said he is “thinking about taking it over” and warned Iran against further actions.

Spot gold prices eased 0.1% to $5,131.24 per ounce, while US gold futures for April delivery rose 0.7% to $5,141.40. Spot silver rose 0.4% to $87.32 per ounce.

Gold and silver prices in the international markets were largely steady on Tuesday as investors remained cautious about Middle East tensions, after US President Donald Trump said he thinks the US-Iran “is very complete”.