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Gold, Silver Rates Today LIVE: Gold and silver prices in India traded sharply lower on Monday, following weakness in international bullion prices, weighed down by a stronger dollar, and dampened expectations of US Federal Reserve interest rate cuts this year after a surge in crude oil prices fuelled inflation worries.

MCX gold rate for June futures contracts opened lower by ₹1,105, or 0.72%, at ₹1,51,547 per 10 grams as against its previous close of ₹1,52,652 level. MCX silver price for May futures contracts opened lower by ₹4,912, or 2.01%, at ₹2,38,362 per kilogram as compared to its previous close of ₹2,43,274 level.

Gold prices in the international market fell to a near one-week low. Spot gold price declined 1.1% to $4,694.30 per ounce, its lowest level since April 7. US gold futures for June delivery fell 1.4% to $4,717.80 an ounce. Spot silver fell 1.9% to $74.45 per ounce.

The US dollar index strengthened, making greenback-priced bullion more expensive for other currency holders. Crude oil prices jumped above $100 a barrel, stoking inflation fears, as the US Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the US-Iran ceasefire talks failed to reach a deal to end the war.

Spot gold price has fallen over 11% since the US-Israel conflict with Iran began on February 28.

Traders now see little chance of a US Fed rate cut this year amid inflation worries stoked by higher energy prices.

Among other metals, platinum prices declined 1.3% to $2,019.35, while palladium prices rose 0.7% to $1,531.50.

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

US natural gas futures edged higher to $2.68 per MMBtu on Monday but remained near a seventeen-month low amid persistent supply overhang. The EIA reported a 50 Bcf storage injection for the week ended April 3, above the expected 46 Bcf and higher than the prior 36 Bcf build. Mild weather conditions are suppressing heating demand, allowing inventories to rise at an above-average pace. Despite escalating geopolitical tensions and risks to global energy flows, US gas prices remain insulated due to strong domestic production, ample storage, and limited exposure to international markets.

Silver prices declined nearly 3% to below $74 per ounce, reversing last week’s gains amid escalating geopolitical tensions. The US decision to blockade the Strait of Hormuz, effective from 10 a.m. Eastern Time followed unsuccessful negotiations with Iran in Pakistan. The disruption of this key shipping route has pushed energy prices sharply higher, intensifying inflation risks. This has strengthened expectations that central banks may delay rate cuts or even tighten policy. As a result, silver remains under pressure and is now down more than 20% since the conflict began.

The recent dip in bitcoin prices to the $70,000 zone, even as oil prices spike on renewed tensions around the Strait of Hormuz, highlights how global macro cues are once again influencing short-term crypto sentiment. The breakdown in negotiations at the Islamabad summit and concerns over supply disruptions have pushed energy markets higher while triggering a cautious pullback in digital assets, reflecting a temporary shift toward liquidity and macro-driven positioning.

At the same time, Bitcoin’s ability to hold near key levels despite these developments indicates underlying resilience, especially as it continues to find relevance in geopolitical narratives, including its emerging role in cross-border value movement amid sanctions and trade frictions, said Avinash Shekhar, Co-Founder & CEO, Pi42.

From an investor standpoint, this is a phase to stay measured rather than reactive. Sharp global developments may drive intermittent volatility, but they also reinforce Bitcoin’s evolving role as a parallel financial system. Investors should focus on staggered allocation strategies, maintain liquidity buffers, and avoid chasing short-term moves driven by headlines. The current environment rewards discipline, long-term conviction, and portfolio balance over speculative positioning, as crypto continues to mature alongside global financial and geopolitical shifts, he added.

MCX silver rate declined as much as by ₹6,084, or 2.5%, to ₹2,37,190 per kg. Silver price was trading lower by ₹4,739, or 1.95%, at ₹2,38,535 level.

MCX gold price fell as much as 0.78%, or by ₹1,195, to an intraday low of ₹1,51,457 per 10 grams. Gold rate was trading down 0.52% at ₹1,51,856 level.

MCX gold rate for June futures contracts opened lower by ₹1,105, or 0.72%, at ₹1,51,547 per 10 grams as against its previous close of ₹1,52,652 level. MCX silver price for May futures contracts opened lower by ₹4,912, or 2.01%, at ₹2,38,362 per kilogram as compared to its previous close of ₹2,43,274 level.

Gold prices declined around 2% to below $4,700 per ounce, reversing gains from the previous week amid escalating geopolitical tensions. The US decision to blockade the Strait of Hormuz, effective from 10 a.m. Eastern Time followed unsuccessful negotiations with Iran in Pakistan. The disruption of this key shipping route has pushed energy prices sharply higher, intensifying inflation concerns globally. This has strengthened expectations that central banks may delay rate cuts or even tighten policy. As a result, gold remains under pressure and is now down more than 10% since the conflict began.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 959.24 tonnes on Thursday.

Gold demand in India picked up slightly last week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed, Reuters reported.

Among other metals, platinum prices declined 1.3% to $2,019.35, while palladium prices rose 0.7% to $1,531.50.

The US dollar index strengthened, making greenback-priced bullion more expensive for other currency holders. The US dollar index, which measures the greenback’s strength against a basket of six currencies, held steady at 99.056, near its highest level since April 7. The euro fell 0.3% to $1.1684, while the British pound declined 0.5% to $1.3398. Against the yen, the US dollar was up 0.4% at 159.83.

Crude oil prices jumped above $100 a barrel, stoking inflation fears, as the US Navy prepared a blockade of the Strait of Hormuz that could restrict Iranian oil shipments after the US-Iran ceasefire talks failed to reach a deal to end the war. High inflation worries dampened hopes of an interest rate cut by the US Federal Reserve. Traders now see little chance of a US Fed rate cut this year amid inflation worries stoked by higher energy prices.

Spot gold price declined 1.1% to $4,694.30 per ounce, its lowest level since April 7. US gold futures for June delivery fell 1.4% to $4,717.80 an ounce. Spot silver fell 1.9% to $74.45 per ounce.

Gold prices fell to a near one-week low and silver prices also traded lower on Monday, weighed down by a stronger dollar, and dampened expectations of US Federal Reserve interest rate cuts this year after a surge in crude oil prices fuelled inflation worries.

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