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Gold, Silver Rates Today: Gold and silver prices in India rebounded from early losses and traded higher on Monday, following a steady global bullion prices.

MCX gold rate for June expiry contracts opened 0.27% lower at ₹1,46,850 per 10 grams as against its previous close of ₹1,47,255 level. Gold price fell as much as by ₹3,043, or 2.06%, to an intraday low of ₹1,44,212 per 10 grams level so far. However, it recovered and touched an intraday high of ₹1,49,250 level, up by ₹1,995, or 1.35%.

MCX silver price inched 0.06% higher to open at ₹2,28,106 per kg as compared to its previous close of ₹2,27,954 level. However, MCX silver price recovered early losses to trade higher.

Gold prices were steady in the international markets amid volatility and a softer dollar.

Spot gold price edged lower 0.1% to $4,488.46 per ounce after having swung between a more than 1% fall and a marginal gain earlier. US gold futures for April delivery lost 0.1% to $4,518.30. Spot silver price rose 0.5% to $69.91 per ounce.

The US dollar eased, making dollar-denominated commodities more affordable for holders of other currencies.

Gold prices have lost about 15% so far this month, marking its steepest monthly fall since October 2008, pressured by a stronger US dollar, which has gained more than 2% since the US-Israeli war on Iran began on February 28.

Silver prices have plunged 30% from their March peak, reflecting sustained pressure.

The widening US-Iran war led to a surge in crude oil prices, adding to inflation woes. While inflation typically boosts gold’s appeal as a hedge, elevated interest rates weigh on the non-yielding metal's demand.

In other commodities, spot platinum prices fell 0.6% to $1,850.92 and palladium held steady at $1,377.12.

Stay tuned to this segment for live updates on gold and silver prices today.

MCX gold prices traded higher, recouping early losses. MCX gold rate touched an intraday high of ₹1,49,250 level, up by ₹1,995, or 1.35%. Gold prices were trading higher by ₹705, or 0.48%, at ₹1,47,960 per 10 grams level.

Ajay Kedia, Director, Kedia Advisory, said that the trend for MCX gold rate today remains positive but with limited upside. According to him, MCX gold price may face resistance at ₹1,48,300 per 10 grams level, while support is seen at ₹1,43,000 level.

Bitcoin prices are currently trading in a technically delicate zone around the $66,000 – $67,000 mark, following the formation of a death cross which typically signals near-term weakness in momentum. At the same time, derivatives data indicates a heavy build-up of short positions, with nearly $12 billion in potential liquidations sitting above current levels. This creates the possibility of a sharp upside move if sentiment shifts even slightly. On-chain trends show increased movement of BTC to exchanges and short-term holders exiting positions, pointing to cautious market behavior. However, this is being balanced by steady institutional accumulation, including TWAP-based buying and rising margin longs on platforms, said Avinash Shekhar, Co-Founder & CEO, Pi42.

For investors, this is a time to stay measured and avoid getting swayed by short-term noise. A staggered approach to allocation can help navigate volatility more effectively, while maintaining focus on long-term participation in the asset class. It is important to stay away from highly leveraged trades and avoid reacting to extreme sentiment shifts, as crowded positions can reverse quickly. Periods like these often test conviction, but they also tend to present structured entry opportunities for those who remain patient and disciplined in their approach, he added.

COMEX gold price is currently hovering within the $4,500 – $4,600 band. The overall structure continues to reflect underlying weakness, with persistent geopolitical tensions in the Middle East offering only intermittent safe-haven support, providing a limited cushion to prices. A sustained move above $4,650 could extend the rally toward $4,750 – $4,800, with further upside potential toward $4,900, where stronger supply pressure is likely to emerge.

On the downside, a sustained break below $4,400 may accelerate weakness toward $4,300, with further downside extending toward the $4,100 level. Overall, the structure remains cautiously positive as long as prices hold above key support levels, said Ponmudi R, CEO of Enrich Money.

MCX silver price recovered early losses and traded higher. Silver price was up by ₹875, or 0.38%, at ₹2,28,829 per kg level, trading at day’s high level.

Traders now see little chance of a US Fed rate cut this year, as higher energy prices threaten to feed into broader inflation and limit scope for monetary easing. That contrasts with expectations for two rate cuts before the conflict began. While inflation typically boosts gold's appeal as a hedge, elevated interest rates weigh on the non-yielding metal’s demand.

Gold and silver prices in the international markets were trading off-lows. Spot gold prices edged lower 0.1% to $4,488.46 per ounce after having swung between a more than 1% fall and a marginal gain earlier. US gold futures for April delivery lost 0.1% to $4,518.30. Spot silver price rose 0.5% to $69.91 per ounce.

MCX silver prices traded above ₹2,26,000 level, indicating underlying strength in prices despite intermittent resistance at higher levels. On the upside, the ₹2,32,000 now serves as the immediate resistance band. A sustained move above this level could trigger a recovery toward the ₹2,37,000 - ₹2,40,000 zone.

On the downside, a decisive break below the ₹2,20,000 level may accelerate the decline toward ₹2,15,000 range, which remains a crucial structural support, with further downside potential extending toward the ₹2,00,000 – ₹2,05,000 region. Overall, the near-term outlook remains cautious, with price action largely dependent on the ability to sustain above key resistance levels, while geopolitical developments and macro cues continue to influence market direction, said Ponmudi R, CEO of Enrich Money.

MCX gold price is currently trading above ₹1,46,000 support band, indicating underlying buying interest at this level despite some intraday volatility. Gold price action suggests resilience at higher levels, keeping the broader tone cautious. On the upside, the ₹1,49,000 - ₹1,50,000 zone remains the immediate resistance area. A sustained move above this level would strengthen bullish momentum and may open the path toward ₹1,53,000 with further upside potential toward ₹1,58,000 level, where supply pressure is likely to emerge, said Ponmudi R, CEO of Enrich Money.

On the downside, a sustained break below ₹1,44,000 could trigger extended profit booking, potentially dragging prices toward ₹1,3,000 range. Overall, the near-term bias remains cautious, supported by underlying strength in prices, with macro uncertainty and geopolitical developments expected to continue driving momentum, he added.

MCX gold rate for June expiry contracts opened 0.27% lower at ₹1,46,850 per 10 grams as against its previous close of ₹1,47,255 level. MCX silver price inched 0.06% higher to open at ₹2,28,106 per kg as compared to its previous close of ₹2,27,954 level. However, selling pressure intensified and silver prices were trading lower.

MCX gold rate for June expiry was trading lower by ₹784, or 0.53%, at ₹1,46,471 per 10 grams, while MCX silver price was down by ₹843, or 0.37%, at ₹2,27,111 per kg.

Rupee opened 1.3% higher at 93.58 per US dollar after RBI tightened banks’ forex position caps.

Silver prices declined nearly 2% toward $68 per ounce, reversing prior gains as geopolitical tensions persisted into the fifth week. Prices are now 30% lower than their March peak, reflecting sustained pressure. Escalation in the US-Iran war, including Houthi attacks and potential US ground operations, has driven oil prices higher, intensifying inflation concerns. This has led markets to reprice expectations, shifting from two anticipated rate cuts to a possible Federal Reserve rate hike this year, weighing heavily on non-yielding assets like silver.

Gold fell nearly 1% to around $4,450/oz, paring gains from the previous session as the Middle East conflict entered its fifth week with no clear resolution in sight. Hostilities in the region intensified as Iran-backed Houthi militants in Yemen joined the conflict, targeting Israel over the weekend. Gold price remains down more than 15% from its March peak as the oil price shock stoked inflation concerns and reinforced expectations for interest rate hikes from major central banks. A reversal in central bank buying, which had previously supported gold’s rally, further weighed on prices as major economies boost liquidity to counter the economic impact of the Iran war.

According to Jigar Trivedi, Senior Research Analyst at IndusInd Securities, MCX gold price for April futures may drop to ₹1,43,500 per 10 grams in tandem with the global trends.

Gold demand in India rose last week as softer prices drew some buyers, though many remained cautious and waited for further declines. In China, premiums narrowed as demand slowed.

In other commodities, spot platinum prices fell 0.6% to $1,850.92 and palladium held steady at $1,377.12.

Spot gold price dropped 1.2% to $4,439.45 per ounce, while US gold futures for April delivery fell 1.2% to $4,470.30. Spot silver price declined 1.2% to $68.67 per ounce.

Gold and silver prices traded lower on Monday, as a surge in energy prices due to the ongoing US-Iran war fuelled inflation worries and dented hopes of interest rate cuts by the US Federal Reserve this year.

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