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Gold, Silver Price Latest Updates: Gold and silver prices soared amid tensions in the Middle East, which raised market uncertainty and prompted some traders to buy safe-haven assets.

The COMEX gold rate today hit $5,400 an ounce, marking an intraday increase of over 2.50%. Likewise the COMEX silver price opened with an upside gap and touched an intraday high of $96.930 per ounce, logging an intraday rise of 2% within a few minutes of the opening Bell in the morning trade.

Following ingternational market, gold and silver prices in India opened with a big-upside gap. The MCX gold rate today opened at ₹1,65,501 per 10 gm and touched an intraday high of ₹1,67,915 per 10 gm, logging over ₹5,500 per 10 gm gain within a few minutes of the Opening Bell.

Likewise, the MCX silver rate today opened upside at ₹2,78,644 per kg and touched an intraday high of ₹2,84,490, logging an intraday high of around 3%.

Negotiations between Washington and Tehran will continue next week following what Oman, the mediator, described as "significant progress" on Thursday, Bloomberg reported. While a person familiar with the matter told the news portal that the US officials remain disappointed with the progress.

While MCX and COMEX are closed today (Sunday), physical gold rates in Indian cities such as Delhi and Mumbai are expected to surge amid the US-Israel and Iran dispute.

Will gold prices touch ₹2 lakh?

According to experts, increased geopolitical risks could spark a rapid surge in precious metals.

In terms of outlook for gold prices, Hareesh V, Head of Commodity Research at Geojit Investments, told Livemint that a move towards $6,000 globally or ₹2,00,000 domestically for gold cannot be denied in an extreme scenario. However, the actual path will mainly depend on how the conflict develops. Read full report here.

The tensions are expected to push silver prices above the $100 level, experts told Livemint.

Gold has increased by over 20% so far this year, stabilising again above $5,000 an ounce after a sharp decline from a record high in late January. The precious metal marked its seventh consecutive monthly rise, the longest streak since 1973. Continued geopolitical and trade tensions, along with the so-called dollar debasement trade and concerns about the Federal Reserve’s independence, have contributed to a multi-year rally, Bloomberg reported.

The US–Israel strikes on Iran represent a significant geopolitical shock, raising the global oil risk premium and boosting demand for safe haven assets like gold and silver.

Precious metals are likely to stay supported as long as escalation risks remain. The conflict premium will ease only when there is clarity on leadership in Tehran, credible channels for de escalation, and assurance that vital oil routes such as the Strait of Hormuz remain open.

— Rajeev Sharan, Head – Criteria, Model Development & Research, Brickwork Ratings

The foreign minister of Oman, who mediated recent talks between Iran and the United States, said the "door to diplomacy remains open" even after the US and Israel launched a massive military campaign against the Islamic republic.

The US-Israeli strikes killed Iran's supreme leader Ayatollah Ali Khamenei, while Tehran has responded with salvos of missiles and drones targeting Israel and locations across the Gulf.

"I want to be very clear -- the door to diplomacy remains open," Omani Foreign Minister Badr Albusaidi said on X.

Courtesy: AFP

Gold and silver prices are sustaining upside after the gap-up opening in the international market. However, they failed to sustain at higher levels. This means, the gold and silver prices may have a gap-up opening on MCX, but the precious metals won't skyrocket.

— Anuj Gupta, a SEBI|-registered market expert

The COMEX gold rate today is facing a hurdle at $5,400/oz. Breaking above this resistance, gold rates in India may touch ₹1,68,000 to ₹1,70,000 per 10 gm. Much will depend upon the longevity of the US-Iran war. If the war drags on like the Russia-Ukraine war, we may see gold rates in India approach its record high of ₹1,80,000 per 10 gm.

— Anuj Gupta, a SEBI-registered market expert

The US-Iran war is expected to fuel uncertainty, and investors will look to gold and silver as safe-haven assets. The COMEX silver rate finished above $93/oz on Friday, and the precious metal is facing a hurdle at $95/oz. If the COMEX silver rate breaks and sustains above $95/oz, we can expect the spot silver price to regain $100 per ounce mark, and the silver rate in India may touch ₹3,00,000 per kg.

— Anuj Gupta, a SEBI-registered market expert

The rapid deterioration in Middle East stability has triggered a broad risk-off sentiment across global markets, prompting investors to shift toward safe-haven assets.

— Hariprasad K, SEBI-registered Research Analyst and Founder at Livelong Wealth

Energy markets are also responding, with crude oil prices rising on fears of supply disruption through key routes like the Strait of Hormuz, which further adds to risk-off sentiment and supports bullion interest.

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

As global equities and risk assets come under pressure, capital tends to shift into precious metals, which act as a hedge against uncertainty. Earlier moves have already pushed gold and silver prices higher in recent sessions, and this momentum could continue if the conflict intensifies further.

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

Gold and silver prices are set to remain highly volatile with gap up on the opening session tomorrow as the Middle East conflict involving renewed U.S. and Israeli military action against Iran — continues to dominate global risk sentiment. A sharp escalation in hostilities, with coordinated strikes and retaliatory moves fueling uncertainty and diminishing hopes of a quick diplomatic resolution. This elevated geopolitical risk can drive investors toward traditional safe-haven assets like gold and silver, and widely expecting a gap-up opening for bullion markets.

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

The COMEX gold rate today hit $5,400 an ounce, marking an intraday increase of over 2.50%. Likewise the COMEX silver price opened with an upside gap and touched an intraday high of $96.930 per ounce, logging an intraday rise of 2% within a few minutes of the opening Bell in the morning trade.

“Gold is likely to be in higher demand than usual when markets open on Monday. Given the risks regarding how long the conflict may last, which other nations could be dragged in, and inflation fears, gold is expected to assume its mantle as the safe haven asset of choice,” Tim Waterer, chief market analyst at KCM Trade, told Reuters.

Investors usually move to gold and silver during geopolitical tensions and wars because these metals are considered ultimate safe-haven assets.

They offer a reliable store of value when fiat currencies, stocks, and real estate face extreme volatility, and potentially depreciation.

As US-Iran war unfolds, the precious metals are set to be in focus on Monday, as per experts.

Physical gold flows to and from Dubai's bullion trading hub will be curbed in coming days as airlines cancel flights due to heightened geopolitical tensions, according to Reuters.

The disruption comes after US and Israeli launched strikes on Iran, prompting retaliatory attacks.

Dubai's trading hub is a major gold supplier to Switzerland, Hong Kong and India, a major consumer. Gold travels by plane due to security and insurance issues stemming from its value-to-weight ratio.

"It looks like most if not all airlines have cancelled their flights, so not going to be any gold moving for a couple of days," a source told the news agency.

Silver was priced at ₹2,82,430 per kg in Chennai at 9:50 pm on Sunday, 1 March.

At 9:35pm, silver price stood at ₹2,81,830 per kg in Bengaluru on Sunday, 1 March.

In Delhi, silver was priced at ₹2,81,120 per kg at 9:15 pm on Sunday, 1 March.

At 8:50 pm, silver price in Mumbai stood at ₹2,81,610 per kg.

“There will be extra haven demand for gold, which could see prices rise to around $5,500 again, and possibly a new record high above January's peak of around $5,600,” Fawad Razaqzada, Market Analyst at City Index and Forex.com, told Reuters.

“Gold is likely to be in higher demand than usual when markets open on Monday. Given the risks regarding how long the conflict may last, which other nations could be dragged in, and inflation fears, gold is expected to assume its mantle as the safe haven asset of choice,” Tim Waterer, chief market analyst at KCM Trade, told Reuters.

Edward Meir, Analyst at Marex, told Reuters, "I think we could open up by about $200/ounce on gold, but then drift lower over the course of the day. The markets are rather dispassionate when it comes to military conflicts; the only thing investors are ultimately focused on is whether the oil flows will be interrupted so once the initial spike is over, the initial rally tends to fade.”

In terms of outlook for gold prices, Hareesh V, Head of Commodity Research at Geojit Investments, told Livemint that reaching $6,000 globally or ₹2,00,000 domestically for gold cannot be dismissed in an extreme scenario. However, the actual trajectory will largely depend on how the conflict unfolds.

Edward Meir, Analyst at Marex told Reuters, "I think you’re going to see a knee jerk spike up in most commodity markets, including gold and oil. This will be a natural response to the outbreak of hostilities, which was rather unexpected in terms of scale and scope.”

MCX gold's April futures contract closed at ₹1,62,104 per 10 grams, up 1.50% and silver May futures contract settled at ₹2,82,644 per kilogram, soaring 5.48% on Friday, 27 February.

At 6:25 pm, 24 karat gold in Delhi was priced at ₹1,61,900 and 22 karat gold at ₹1,48,408.

In Mumbai, 24-karat gold is priced at ₹1,62,180 per 10 grams and 22-karat gold at ₹1,48,665 on Sunday, 1 March 2026, around 6:05 pm.

Gold has soared by over 20% this year, settling again above $5,000 an ounce after a sharp drop from a record high in late January. The precious metal recorded its seventh consecutive monthly increase, the longest streak since 1973.

Silver futures for May jumped 6.5% to close at $93.64 per troy ounce on Friday. Over the course of February, the white metal increased by more than 18%, marking its tenth consecutive month of gains.

US gold futures for April delivery rose 1% to close at $5,267.20 per troy ounce on Friday, marking an 11% rise for February. This trend represents the eighth consecutive month of rising gold prices in the futures market.

In Chennai, 24-karat gold is priced at ₹1,62,650 per 10 grams and 22-karat gold at ₹1,49,096 on Sunday, 1 March 2026, around 4:55 pm.

The COMEX silver rate closed above $93/oz on Friday, and the precious metal is facing a barrier at the $95/oz level, Anuj Gupta, a SEBI-registered market expert, told Livemint. He mentioned that COMEX silver prices could reach the $100/oz mark if they break through and stay above the $95/oz resistance. Read full report here.

Anuj Gupta, a SEBI-registered market expert, told Livemint regarding the possible upward trend for precious metals due to increasing US-Iran tensions. He mentioned that escalating war fears are likely to create uncertainty, leading investors to seek safe-haven assets such as gold and silver. Gupta expects precious metals to open higher. Read full report here.

24-carat gold prices stood at ₹1,62,440 per 10 grams in Hyderabad at 4:10 pm and 22-carat gold was priced at ₹1,48,903.

In Bengaluru, 24-karat gold was at ₹1,62,310 per 10 grams on Sunday, March 1, at 3:55 pm and 22-karat gold at ₹1,48,784.

24-karat gold prices stood at ₹1,61,900 per 10 grams in Delhi on Sunday, March 1, at 3:55 pm, while 22-arat gold prices were ₹1,48,408.

In Mumbai, the prices of 24-karat gold stood at ₹1,62,180 per 10 grams on Sunday, March 1, at 3:40pm, while 22-karat gold prices were ₹1,48,665.

Experts told Livemint that, historically, major conflicts have led to large safe‑haven flows. If the current situation spreads across the Middle East, particularly amid the risk of supply disruptions on crucial oil routes, bullion could see substantial upward movement. The escalating geopolitical risks may trigger a sharp buying spree in precious metals.

Gold, Silver Price Latest Updates: MCX gold's April futures contract closed at ₹1,62,104 per 10 grams, rising 1.50% and silver May futures contract settled at ₹2,82,644 per kilogram, soaring 5.48% on Friday, 27 February.Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed organisations like NDTV Profit, The ...

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