News

Gold, Silver Rates Today LIVE: Gold prices in India traded lower on Thursday, following losses in international precious metal prices amid a strong US dollar and fading interest rate cut hopes. Silver prices recouped earlier losses and rebounded from lower levels to trade higher.

MCX gold rate today for April futures contracts opened 0.62% higher at ₹1,62,799 per 10 grams level as against its previous close of ₹1,61,789 level.

MCX silver price for May futures contracts opened 0.26% higher at ₹2,69,212 per kilogram as compared to its previous close of ₹2,68,491 level.

However, MCX gold rate was trading lower by ₹124, or 0.08%, at ₹1,61,665 per 10 grams. MCX silver price recouped early losses to trade higher amid strong buying at lower levels. MCX silver rate was up by ₹2,574, or 0.96%, at ₹2,71,065 per kg level.

Gold and silver prices traded lower, weighed down by a firmer dollar, while higher crude oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts.

Spot gold price fell 0.2% to $5,165.73 per ounce, while US gold futures for April delivery declined 0.2% to $5,171.40 an ounce. Spot silver price was steady at $85.82 per ounce.

The US dollar firmed 0.2%, making dollar-priced commodities like bullion more expensive for holders of other currencies.

Meanwhile, crude oil prices jumped, adding to inflation pressures. The US consumer price index rose 0.3% in February, matching forecasts and accelerating from January’s 0.2% increase. CPI rose 2.4% in the year to February, also in line with expectations.

In other commodities, spot platinum price gained 0.3% to $2,175.32 and palladium prices rose 0.6% to $1,646.17.

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

Gold prices in India were trading lower, while silver prices rebounded from day’s low levels and traded higher. MCX gold rate was trading lower by ₹124, or 0.08%, at ₹1,61,665 per 10 grams.

MCX silver price recouped early losses to trade higher amid strong buying at lower levels. MCX silver rate was up by ₹2,574, or 0.96%, at ₹2,71,065 per kg level.

The trend for MCX silver price today remains negative. Silver rate today in India may find support at ₹2,62,600 level, while resistance is seen at ₹2,71,260 level, said Ajay Kedia.

MCX silver price futures are trading around the ₹2,67,200 level, reflecting consolidation after earlier volatility. Key support is placed in the ₹2,58,000 – ₹2,60,000 zone, and as long as prices hold above this region, the broader bullish structure remains intact. A sustained move above ₹2,70,000 could push prices toward ₹2,75,000 – ₹2,80,000, while a decisive breakdown below support may accelerate downside pressure, said Ponmudi R, CEO of Enrich Money.

Indian rupee touched a record low on Thursday amid a fresh surge in crude prices and a stronger dollar. The local currency fell 0.3% to 92.3575, eclipsing its previous lifetime low of 92.3475 hit earlier this week.

Ajay Kedia said that the trend for MCX gold rate today remains negative. Gold price may find support at ₹1,58,700 level, and may face resistance at ₹1,63,000 level.

The trend for gold price remains negative for today. Gold rate may find support at $5,100 level, while resistance is seen at $5,185 an ounce level, said Ajay Kedia, Director, Kedia Advisory.

MCX gold futures are currently trading in the ₹1,61,500 – ₹1,62,000 range, reflecting a phase of consolidation following the recent rally driven by geopolitical tensions. Strong buying interest remains visible in the ₹1,56,000 – ₹1,57,000 demand zone. As long as prices hold above this base, the medium-term bullish outlook remains intact. A sustained breakout above ₹1,65,000 could revive bullish momentum toward ₹1,75,000 – ₹1,80,000, said Ponmudi R, CEO of Enrich Money.

Bitcoin price is trading near the $69,000 to $70,000 range after the latest US inflation data came largely in line with expectations, reinforcing the view that the Federal Reserve is unlikely to cut rates in the near term.

“With liquidity conditions expected to remain tight, markets appear to be entering a consolidation phase rather than a strong directional move. Over the past five weeks Bitcoin price has repeatedly faced resistance near the $74,000 level, suggesting that the market is still searching for fresh catalysts before attempting a decisive breakout. As a result, the broader crypto market is likely to remain range bound in the near term, with Bitcoin expected to trade between roughly $68,000 and $74,000,” said Avinash Shekhar, Co-Founder & CEO, Pi42.

At the same time, on-chain indicators suggest quiet accumulation by whales even as overall demand remains uneven and investor sentiment cautious. Historically, phases like this in Bitcoin cycles tend to represent mid cycle consolidation periods that often lay the groundwork for stronger rallies once macro visibility improves, he added.

MCX gold rate fell as much as ₹708, or 0.43%, to ₹1,61,081 per 10 grams. MCX silver price declined as much as ₹2,317, or 0.86%, to ₹2,66,174 per kilogram.

Kaveri More, Commodity Analyst at Choice Broking, believes that gold prices remained under pressure despite elevated geopolitical tensions, as broader macroeconomic factors continued to outweigh safe-haven demand.

“Rising market uncertainty, reflected in an uptick in the CBOE Volatility Index, has encouraged investors to maintain higher cash positions rather than aggressively accumulate bullion. At the same time, a global equity sell-off triggered by surging oil prices and persistent Middle East tensions has added volatility across asset classes but failed to provide sustained support to gold. Expectations that the US Federal Reserve will keep interest rates unchanged have further limited upside momentum, as higher-for-longer rate expectations reduce the appeal of non-yielding assets like gold,” More said.

Gold and silver prices in India traded lower on Thursday, following losses in international precious metal prices amid a strong US dollar and fading interest rate cut hopes.

MCX gold rate today for April futures contracts opened 0.62% higher at ₹1,62,799 per 10 grams level as against its previous close of ₹1,61,789 level.

MCX silver price for May futures contracts opened 0.26% higher at ₹2,69,212 per kilogram as compared to its previous close of ₹2,68,491 level.

However, selling pressure intensified in the domestic gold and silver prices. MCX gold price fell by ₹283, or 0.17%, to ₹1,61,506 per 10 grams. MCX silver price was down by ₹1,991, or 0.74%, at ₹2,66,500 per kg.

Gold prices fell below $5,150 an ounce as surging oil prices heightened inflationary risks and reduced the likelihood of central bank interest rate cuts. Gold price came under pressure as well from a rallying dollar and surging Treasury yields as forward-looking inflation concerns dimmed prospects for a Fed easing, with forecasts currently pointing to only one rate reduction later this year, said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.

According to him, MCX gold price for April futures may drop to ₹1,60,500 per 10 grams as the yellow metal trades with negative undertone.

Gold prices fell to $5,160, extending losses for a second straight session as rising oil prices increased inflation concerns and weakened expectations of near-term monetary easing. According to Ajay Kedia, Director, Kedia Advisory, gold prices may get support at $5,120 level, while resistance is seen at $5,210 level. MCX gold price is likely to find support at ₹1,59,500 level and resistance is placed at ₹1,63,200.

Spot gold price fell 0.2% to $5,165.73 per ounce, while US gold futures for April delivery declined 0.2% to $5,171.40 an ounce. Spot silver price was steady at $85.82 per ounce.

Gold, Silver Rates Today LIVE: Gold and silver prices traded lower on Thursday, weighed down by a firmer dollar, while higher crude oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories