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Gold Rate Today LIVE: Gold and silver prices on the Multi Commodity Exchange of India (MCX) gave up early gains and traded lower on Thursday, amid a rally in international bullion prices as the widening Middle East conflict drove investors towards the safe-haven asset.

MCX gold rate today for April futures contracts opened higher by ₹1,225, or 0.75%, at ₹1,62,750 per 10 grams as against its previous close of ₹1,61,525 level. MCX gold price rose to a high of ₹1,63,142 level.

MCX silver price for May futures contracts opened higher by ₹4,340, or 1.63%, at ₹2,69,900 per kilogram as against its previous close of ₹2,65,560 level. MCX silver price jumped to a high of ₹2,74,251 level, rising as much as 3.2%.

However, precious metals faced selling pressure at higher levels and gold and silver prices were trading lower. MCX silver price declined more than ₹16,000 from its day's high level.

The escalating geopolitical tensions in the Middle East and a softer dollar also supported gains in the precious metal prices.

Spot gold price rose 0.8% to $5,176.69 per ounce, while US gold futures for April delivery were up 1% at $5,186.30. Spot silver rose 1.2% to $84.43 per ounce.

The US dollar edged lower, making greenback-priced gold less expensive for holders of other currencies.

Gold prices have surged about 20% so far this year, notching successive record highs amid heightened global political and economic uncertainty.

On the geopolitical front, the US–Iran war widened sharply after a US submarine sank an Iranian warship off Sri Lanka, killing at least 80 people, and NATO air defences destroyed an Iranian ballistic missile fired towards Turkey.

In other commodities, spot platinum price gained 2.1% to $2,193.65, while palladium price rose 0.5% to $1,683.

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

Gold prices in the domestic spot market have risen by ₹3,400 to ₹1,62,029 on a month-to-date basis as of close on March 4. However, silver prices have slumped a whopping ₹7,000 to ₹2,60,900 since the beginning of the US-Iran war over the weekend, indicating investor preference for gold over silver during times of conflict.

Silver prices slipped below $82 per ounce while MCX silver price dropped under the ₹2,58,000 level, reversing gains from the previous session as the US dollar strengthened amid ongoing geopolitical uncertainty. The conflict involving the US, Israel and Iran has entered its sixth day, raising concerns about further escalation after a US submarine reportedly sank an Iranian warship near Sri Lanka. Markets also reacted to reports that Iranian operatives explored possible peace talks with the US, though Tehran later denied the outreach. Meanwhile, the US administration moved to reassure markets about continued commercial activity in the Gulf, while Treasury Secretary Scott Bessent confirmed that a 15% global tariff announced by President Donald Trump is expected to take effect later this week.

US President Donald Trump officially nominated former Federal Reserve Governor Kevin Warsh to be the US central bank’s next chair, putting the president one step closer to installing an interest-rate-cut-friendly Fed chief. Markets expect the Fed to keep rates steady on March 18, according to CME Group’s FedWatch tool.

The dollar strengthened after briefly retreating from three-month highs. Against a basket of currencies, the dollar was up 0.2% at 99.00, resuming its climb toward an over three-month high hit earlier this week. The dollar has risen nearly 1.4% for the week thus far. Euro was down 0.2% at $1.1608 and sterling fell 0.27% to $1.3335.

MCX silver rate today crashed by nearly ₹14,000 from its high level and traded in the red. MCX silver price made an intraday high of ₹2,74,251 per kg level. However, with selling pressure at higher levels, silver price declined by ₹13,851 to hit an intraday low of ₹2,60,400 level.

MCX gold and silver prices gave up early gains to trade lower amid profit booking at higher levels. MCX gold rate today traded lower by ₹197, or 0.12%, at ₹1,61,328 per 10 grams level. MCX silver price declined by ₹2,230, or 0.84%, at ₹2,63,330 per kg level.

Bitcoin prices move back above the $71,000 mark, signaling renewed momentum in the crypto market, supported by improving sentiment and stronger institutional participation. Global policy developments and geopolitical dynamics are increasingly influencing capital allocation, and in this environment Bitcoin continues to draw attention as investors diversify into digital assets. Sustained inflows into spot Bitcoin ETFs have also contributed to liquidity and reinforced confidence around the current rally.

At the same time, the broader market is showing signs of strength beyond Bitcoin. Ethereum’s recent gains reflect continued optimism around blockchain utility and network upgrades, while XRP’s surge highlights growing interest in digital assets linked to cross-border payments and financial infrastructure. Together, these movements indicate a phase where market participation is expanding across major crypto assets as adoption narratives continue to evolve, said Avinash Shekhar, Co-Founder & CEO, Pi42.

MCX silver prices are currently trading in the ₹2,60,000 – ₹2,80,000 range, reflecting consolidation following earlier volatility triggered by global safe-haven flows. The long-term bullish structure remains intact as prices continue to hold above key support levels amid elevated geopolitical tensions. Short-term momentum is gradually strengthening, with immediate support placed in the ₹2,50,000 – ₹2,60,000 zone. A sustained hold above this support region could drive a recovery toward ₹2,80,000 – ₹3,00,000 levels. Dips toward strong support zones may offer accumulation opportunities for positional traders, although a decisive breakdown below these levels could intensify downside pressure, said Ponmudi R, CEO of Enrich Money.

MCX gold prices are currently trading within the ₹1,60,000 – ₹1,70,000 range. Gold prices are witnessing short-term consolidation with a mildly positive bias, supported by persistent risk-off flows in global markets. Strong buying interest continues to emerge within the ₹1,58,000 – ₹1,62,000 demand zone following the recent surge driven by geopolitical tensions in the Middle East. A sustained hold above this base, followed by a breakout above ₹1,70,000, may revive upward momentum toward the ₹1,75,000 – ₹1,80,000 zone, thereby maintaining a constructive medium-term outlook, said Ponmudi R, CEO of Enrich Money.

According to Ajay Kedia, the overall trend for MCX silver rate today is positive. Technically, if silver prices crosses 50MA, we can expect to see a level of ₹2,76,630 - ₹2,77,800. MACD also signals bullish crossover which suggests a bullish trend for today. The key US Unemployment Claims data later today is expected to be positive for bullion prices.

MCX silver price may face resistance at ₹2,77,800 level, while support is placed at ₹2,67,240 level. Kedia said. He recommends a ‘Buy on Drop’ strategy for MCX silver price today.

The overall trend for MCX gold rate today is positive. Technically, current gold price is trading near 50-Day Moving Average (DMA) and MACD is also signalling a likely bullish crossover as the bearish crossover is losing momentum, said Ajay Kedia, Director of Kedia Advisory.

According to Kedia, MCX gold rate may face resistance at ₹1,65,500 level, while support is seen at ₹1,61,750 level. He recommends buying gold on drops.

The dollar halted its blistering rally on Thursday. The dollar further eased from an over three-month high hit earlier this week and stood at 98.82 against a basket of currencies. The euro was steady at $1.1628, while sterling was little changed at $1.3368.

MCX gold price rallied as much as 1% to a high of ₹1,63,142 per 10 grams in early trade on Thursday. MCX silver rate jumped to a high of ₹2,74,251 level, rising as much as 3.2%.

MCX gold rate today for April futures contracts opened higher by ₹1,225, or 0.75%, at ₹1,62,750 per 10 grams as against its previous close of ₹1,61,525 level. MCX silver price for May futures contracts opened higher by ₹4,340, or 1.63%, at ₹2,69,900 per kilogram as against its previous close of ₹2,65,560 level.

The global silver market is projected to remain in deficit for a sixth consecutive year in 2026, with the shortfall estimated at about 67 million ounces as total demand continues to exceed supply. Industrial fabrication demand is expected to decline to around 650 million ounces, partly due to reduced photovoltaic silver usage despite rising solar installations. Total supply is forecast to grow by 1.5%, supported by a 1% increase in mine production to about 820 million ounces and a 7% rise in recycling as higher prices encourage scrap supply. Investment demand remains strong, with global ETP holdings near 1.31 billion ounces, while silver prices have already risen about 11% in 2026 amid geopolitical tensions and continued market tightness.

Silver price benefited from the dollar’s retreat following reports that Iranian operatives had reached out to the US to explore potential peace talks, though Tehran later denied the outreach. MCX silver price for May futures may appreciate to ₹2,69,000 per kilogram as prices have rebounded in the global markets too, said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.

Silver prices rose toward $85 per ounce, posting a second consecutive session of gains as geopolitical tensions and a weaker dollar boosted safe-haven demand. The US-Israeli campaign against Iran has entered its sixth day, raising concerns about further escalation and a prolonged conflict. Silver also gained after the dollar retreated on reports of potential peace talks between Iranian operatives and the US, though Tehran later denied the outreach. Meanwhile, Treasury Secretary Scott Bessent said the Trump administration’s 15% global tariff is expected to take effect later this week.

Rising geopolitical tensions supported gold and silver prices. The safe-haven demand in the precious metals was fueled by widening US–Iran war after a US submarine sank an Iranian warship off Sri Lanka, killing at least 80 people, and NATO air defences destroyed an Iranian ballistic missile fired towards Turkey.

Spot gold price rose 0.8% to $5,176.69 per ounce, while US gold futures for April delivery were up 1% at $5,186.30. Spot silver rose 1.2% to $84.43 per ounce.

Gold and silver prices traded higher on Thursday as the widening Middle East conflict drove investors towards the safe-haven asset. A softer dollar also supported gains in the bullion prices.

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