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Gold Rate Today LIVE: Gold and silver prices traded over a percent higher each on the Multi Commodity Exchange of India (MCX) on Wednesday, following a rally in international bullion prices as the escalating US-Israeli strikes on Iran heightened geopolitical uncertainty and supported safe-haven demand.

MCX gold rate today for April futures contracts opened higher by ₹2,157, or 1.33%, at ₹1,63,265 per 10 grams as against its previous close of ₹1,61,108 level. MCX gold price gained as much as 1.60% to ₹1,63,700 per 10 grams.

MCX silver rate for May futures contracts opened higher at ₹2,71,000 per kilogram, up ₹5,682, or 2.14% from its previous close of ₹2,65,318 level. MCX silver price surged as much as 2.61% to ₹2,72,248 per kg.

The rally in domestic gold and silver prices was supported by rising safe-haven demand as the Middle East war jitters kept investors away from risky assets, leading to the stock market crash and fueling a surge in commodities, especially precious metals and crude oil prices.

Gold prices in the international market rebounded on Wednesday as the US-Israel-Iran war escalated, lifting the safe-haven commodity prices.

Spot gold price rallied 1% to $5,138.46 per ounce, after falling to its lowest since February 20 in the previous session. US gold futures for April delivery gained 0.5% to $5,147.10 an ounce. Spot gold price has jumped 19% year-to-date, driven by global turmoil, after surging 64% in 2025.

Silver prices also traded sharply higher. Spot silver price rallied 1.4% to $83.27 per ounce, after falling more than 8% in the last session. Silver prices have risen more than 16% so far this year.

The US dollar strengthened, making dollar-denominated assets such as bullion more expensive for other currency holders.

The Middle East war escalated as US President Donald Trump told reporters that the US military had struck numerous Iranian naval and air targets, saying that “just about everything has been knocked out.”

In other commodities, spot platinum price rallied 1% to $2,104.25 per ounce, while palladium gained 0.4% to $1,653.

Stay tuned to our Gold Rate Today Live blog for the latest updates.

The trend for MCX gold rate today remains positive. According to Ajay Kedia, Director, Kedia Advisory, MCX gold price may face resistance at ₹1,64,050 level, while support is seen at ₹1,62,200 level.

“The overall trend remains positive. Technically, the current MCX gold price is trading near its 50-day moving average (50MA), a key support level being closely watched by traders. A decisive breakout above the 50MA could pave the way for an upside move toward the ₹1,64,050 level. Meanwhile, the MACD indicator suggests improving momentum, with the earlier bearish crossover losing strength and a potential bullish crossover likely in the near term,” Kedia said.

He recommends a ‘Buy on drop’ strategy for MCX gold prices.

MCX silver prices are currently trading around ₹2,60,000 – ₹2,80,000 following a gap-up opening. The long-term bullish framework remains intact, supported by favorable global cues amid heightened geopolitical tensions. Silver prices continue to extend their upward trajectory, with short-term momentum turning decisively positive.

According to Ponmudi R, key support for MCX silver price lies within the ₹2,50,000 – ₹2,70,000 zone, and a sustained hold above this region could trigger further upside toward ₹3,00,000 – ₹3,20,000. He believes dips toward strong support zones may provide accumulation opportunities for positional traders, although a decisive breakdown below these levels could accelerate downside pressure.

MCX gold price is trading within the ₹1,60,000 – ₹1,70,000 range. Gold prices are currently consolidating with a mildly positive bias as safe-haven demand remains supported by global geopolitical uncertainty. Strong buying interest is visible within the ₹1,58,000 – ₹1,62,000 demand zone, which has emerged following the recent surge driven by Middle East tensions.

If MCX gold prices continue to hold above this base and achieve a sustained breakout above ₹1,70,000, momentum may extend toward ₹1,75,000 – ₹1,80,000, maintaining a constructive medium-term outlook, said Ponmudi R, CEO of Enrich Money.

Bitcoin prices have been trading in a tight range between $63,000 and $69,000 over the past week, holding steady even as geopolitical tensions rise. Derivatives data suggests investors are still leaning cautiously bullish, with the put/call ratio at 0.43 and strong call positioning between $74,000 and $95,000, extending toward $1,30,000.

This indicates traders are preparing for potential upside if momentum returns. In the near term, the $74,000 – $80,000 zone could act as a key target if Bitcoin prices start moving higher. Meanwhile, more than 21,000 bitcoins have left exchanges since February 25, a sign that investors are moving coins to long-term storage and gradually accumulating, said CoinSwitch Markets Desk.

Gold and silver prices on MCX extended rally after opening sharply higher on Wednesday. MCX gold rate was up by ₹2,581, or 1.60%, at ₹1,63,689 per 10 grams, after hitting a high of ₹1,63,700 level. MCX silver rate was up by ₹7,580, or 2.86%, to a high of ₹2,72,898 per kg.

Silver climbed more than 2% to trade above $84 per ounce on Wednesday, recovering after a sharp decline of over 12% in the prior two sessions. The rebound came as the US-Israeli war on Iran entered its fifth day, heightening concerns of a prolonged regional conflict and supporting safe-haven demand. President Donald Trump pledged naval escorts and insurance backing for vessels navigating the Strait of Hormuz to stabilize energy flows. Earlier losses were driven by a stronger dollar and rising energy cost concerns, which fueled inflation expectations and prompted investors to reassess the Federal Reserve’s monetary policy outlook.

MCX gold rate today for April futures contracts opened 1.33% higher at ₹1,63,265 per 10 grams as against its previous close of ₹1,61,108.00 level.

MCX silver rate for May futures contracts opened 2.14% higher at ₹2,71,000 per kilogram as compared to its previous close of ₹2,65,318 level.

The dollar rallied to a three-month high. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was steady at 99.103, its strongest since November 28. Against the yen, the dollar was down 0.1% at 157.555 yen. Against the Chinese yuan, in offshore trade the dollar was down 0.1% at 6.9139 yuan, Reuters reported. The euro traded down 0.1% at $1.1604, and the British pound slipped 0.1% to $1.3340.

US President Donald Trump told reporters that the US military had struck numerous Iranian naval and air targets, saying that “just about everything has been knocked out,” Reuters reported. Global oil and gas prices surged as the US-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.

Spot silver price rallied 1.4% to $83.27 per ounce, after falling more than 8% in the last session. Silver prices have risen more than 16% so far this year.

Spot gold price rallied 1% to $5,138.46 per ounce, after falling to its lowest since February 20 in the previous session. US gold futures for April delivery gained 0.5% to $5,147.10 an ounce. Spot gold price has jumped 19% year-to-date, driven by global turmoil, after surging 64% in 2025.

Gold and silver prices in the international market traded higher, rebounding from a fall in the previous session, as escalating US-Israeli air strikes against Iran heightened geopolitical uncertainty and supported safe-haven demand.

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