Gold, Silver Rates Today LIVE: Gold snaps 4-day winning run, silver flat — Shanghai Gold Exchange to lower margin rate

Spot gold price fell 1.5% to $5,150.38 per ounce after hitting a more than three-week high earlier in the day. US gold futures for April delivery were down 1.1% at $5,170.70 an ounce. Spot silver price plunged 3.1% to $85.50 per ounce, after hitting a more than two-week high on Monday.

Shanghai silver market has reopened following the Lunar New Year holiday. Shanghai silver continues to trade at a significant premium compared to Western spot prices, reflecting tight local supply and high industrial demand.

The Shanghai silver price is currently quoting $94.38/oz, which is higher by over $7 per ounce against the COMEX silver rate today. This means, the Shanghai silver price is trading at a premium of over $7 per ounce against the international market price.

The US dollar rose, making greenback-priced bullion more expensive for other currency holders.

Meanwhile, investors remain cautious amid the US-Iran peace talks and tariff uncertainty. US President Donald Trump warned countries against backing away from recently negotiated trade deals with the US after the Supreme Court struck down his emergency tariffs.

Stay tuned to our Gold, Silver Rates Today Live Blog for the latest updates.

The Shanghai Gold Exchange said on Tuesday that it would lower the margin ratio and price limits for several gold and silver contracts.

Margin requirements for some gold contracts will be cut to 18% from 21%, and the daily price band will be reduced to 17% from 20%, according to a notice by the exchange.

The margin ratio for a sliver contract will be lowered to 24% from 27%, and the daily price limit will be reduced to 23% from 26%, according to the notice.

Gold has formed a short-term base near ₹1,55,000 on MCX and $5,000 on CME, and the ongoing tariff adjustments continue to keep economic outlooks fluid. As long as trade policy remains unpredictable, allocation toward gold is likely to stay firm.

For now, immediate support is seen near ₹1,55,000, while resistance is placed around ₹1,62,000, with further direction dependent on fresh trade developments.

— Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Union Finance Minister Nirmala Sitharaman on Monday said that the government is closely monitoring gold prices, noting that the yellow metal traditionally sees seasonal spikes during festival periods but has not crossed "certain limits."

Addressing a press conference, post its customary post-Budget meeting with Central Board of Directors of the RBI, the Finance Minister said, "Gold is always an investment for households, seen seasonal spikes during festival season. We are watching it, but not seeing that prices are gone beyond certain limit."

(Source: ANI)

For long‑term investors, a systematic investment plan is more effective than a lump‑sum approach. SIPs help average out costs and reduce the impact of volatility, while allowing additional purchases during market corrections. This strategy builds discipline, lowers risk, and enhances the potential for better returns in bullion over time.

— Hareesh V, Head of Commodity Research, Geojit Investments Limited

Gold’s renewed upswing after a healthy correction reflects a rebuilding of the geopolitical risk premium. Escalating US-Iran tensions and fresh uncertainty around US trade policy, mainly driven by the Supreme Court’s 6–3 ruling on Trump’s tariff framework and the president’s push for a new global levy, are pushing investors back toward safe havens. In this backdrop, gold is once again acting as insurance against tail risks in geopolitics and trade. From a credit rating perspective, the transmission is clearest in export-oriented manufacturers, shipping and logistics, and sectors like retail and pharma, where volatility in tariffs and currencies can squeeze margins. Banks and NBFCs with concentrated exposure to these segments may face modest asset‑quality pressures if volatility persists, while gold‑backed products should remain relatively resilient as long as the underlying collateral quality stays intact.

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

Silver is entering a highly sensitive phase where physical fundamentals and paper positioning are diverging sharply.

Combined inventories across China’s SGE and SHFE exchanges stand near 700,000 kg, while COMEX registered silver is about 88 million ounces, against a March open interest close to 230 million ounces—a mismatch that highlights how paper exposure vastly exceeds deliverable supply.

The recent price correction was largely technical, triggered by margin hikes and forced deleveraging rather than any deterioration in underlying demand. Globally, the metal remains in structural deficit due to industrial usage and limited mine expansion. Notably, major U.S. banks continue to hold sizable short positions, which has long fueled arguments that paper markets suppress prices temporarily. With Chinese markets reopening tomorrow, fresh physical buying could return quickly.

March is likely to be volatile, but such dips historically present opportunity phases rather than trend reversals.

— Harshal Dasani, Business Head at INVasset PMS

Today, gold slipped below $5,200, as investors booked profits following a four-session advance driven by trade policy uncertainty and Middle East tensions. Despite the pullback, bullion remains supported by hedging demand amid fiscal risks, while markets await key US confidence and manufacturing index, said Kotak Securities.

Gold prices have indeed surged recently amid President Trump's tariff escalations and the resulting market uncertainty. The US Supreme Court's recent ruling deeming parts of his tariff framework illegal under IEEPA has not reversed this trend; instead, it has prolonged volatility as Trump pivots to alternative measures like a proposed 15% global tariff or Section 122 authority.

Gains are likely to persist in the near term due to ongoing trade policy chaos, a softer dollar, and safe-haven demand amid US-Iran tensions and potential refunds for importers. Tariff uncertainty—rather than the SC ruling itself—drives gold's appeal as a hedge against inflation and geopolitical risks. If new tariffs materialize or retaliatory actions follow, upward pressure could continue; resolution might ease prices gradually but unevenly via supply chain adjustments.

— Khushi Mistry, Research Analyst at Bonanza

For most investors, gold should be a hedge within a diversified portfolio rather than a speculative bet. A disciplined approach works best: use a systematic route — monthly SIPs into a gold ETF — to avoid timing risk. If you want some near-term exposure, consider deploying 30–40% of your intended allocation as a lump sum now and spread the rest via SIP over 2–4 months. Prefer liquid ETFs for flexibility; choose Sovereign Gold Bonds only if you plan to hold for several years. Keep your overall gold exposure modest (commonly 5–10% of wealth) and rebalance after major market shifts.

— Nikunj Saraf, CEO of Choice Wealth

A sustained hold above this base, followed by a breakout above ₹1,65,000, may revive momentum toward ₹1,70,000– ₹1,75,000, keeping the medium-term outlook constructive.

— Ponmudi R, CEO at Enrich Money

MCX Gold futures are trading in the ₹1,55,000– ₹1,62,000 range after consolidating post the sharp correction from all-time highs near ₹1,80,000– ₹1,81,000. While short-term price action reflects consolidation with a mild upward bias, the broader structure remains supportive above long-term support zones. Strong demand is visible in the ₹1,45,000– ₹1,55,000 band.

— Ponmudi R, CEO at Enrich Money

Dips toward strong support zones may offer accumulation opportunities for positional traders, though a decisive breakdown below these levels could accelerate downside pressure.

— Ponmudi R, CEO at Enrich Money

MCX Silver futures are trading around ₹2,60,000– ₹2,80,000 following consolidation. While the long-term bullish framework remains intact, short-term momentum reflects corrective undertones. Key support is placed at ₹2,25,000– ₹2,35,000. A sustained hold above this region could trigger recovery toward ₹3,00,000– ₹3,25,000.

— Ponmudi R, CEO at Enrich Money

— Khushi Mistry, Research Analyst at Bonanza

Evidence of structural demand for gold and silver remains strong. Global brokerage UBS also highlighted that central banks bought 863 metric tons of gold in 2025 and now forecast purchases reaching 950 tons in 2026. ETF inflows are also projected to rise to 825 tons.

— Anuj Gupta, a SEBI-registered market expert

Following sideways cues, both metals opened flat on MCX. Gold rates in India were trading at ₹1,60,801 per 10 gm, while silver rates were around ₹2,64,664 per kg.

Gold, Silver Rates Today LIVE: Gold and silver prices declined on Tuesday, pressurised by a stronger US dollar despite tariff uncertainty and US-Iran tensions. Comex gold prices fell from a more than three-week high, while silver prices dropped over 3%.Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed organisations like NDTV Profit, The ...Saloni Goel has nine years of experience as a business journalist and has extensively covered financial markets. At Mint, she has been part of the mar...

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