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Gold, silver rates today: Following the US Supreme Court's decision on tariffs and Trump's issuance of a special order imposing 15% tariffs on all trade partners, the market is buzzing with trade uncertainty. This is expected to fuel gold and silver as safe-haven demand, as seen in early-morning Asian markets.

Investors are expected to remain vigilant about the developments in the US-Iran talks. Despite the scheduled next round of US-Iran talks on Thursday this week, tension in the Middle East is very high as both sides are blaming one another for their inability to clinch a consensus.

Following strong global cues, the MCX gold rate today opened with an upside gap at ₹1,58,458 per 10 gm and touched an intraday high of ₹1,60,600 within a few minutes of the Opening Bell. Likewise, the MCX silver rate today opened upside at ₹2,63,061 and touched an intraday high of ₹2,68,875 per kg within a few minutes of the MCX opening.

The COMEX gold rate today opened with an upside gap and touched an intraday high of $5,198.41/oz, logging an intraday gain of around 2% against Friday's close of $5,080/oz.

Likewise, the COMEX silver rate today opened with an upside gap and touched an intraday high of $87.753/oz, logging a gain of over 6% from the previous close.

Expecting the bull trend in bullions to continue, Sugandha Sachdeva, Founder of SS WealthStreet, said, “Overall, trade uncertainty, geopolitical risk premium, and macroeconomic crosscurrents continue to provide a structurally supportive backdrop for gold and silver.”

“The COMEX silver rate today is in $70 to $88 per ounce range, whereas the COMEX gold rate today is in $4,850 to $5,200 per ounce range. The precious white metal has given a fresh breakout at $85/oz, whereas the COMEX gold price today is on the cusp of giving a fresh breakout at $5,200,” said Anuj Gupta, a SEBI-registered market expert.

Anuj Gupta said that if it decisively breaks above $5,200/oz, we can expect the precious yellow metal to reach $5,500/oz soon.

The global brokerage UBS has predicted $6,200.oz levels for gold prices by the end of 2026.

Strong buying interest is evident in the ₹2,25,000– ₹2,35,000 support band, aligned with prior swing lows and longer-term structural support. A sustained hold above this base, followed by a decisive recovery, could revive upward momentum toward ₹3,00,000– ₹3,25,000. Dips toward support continue to offer accumulation opportunities for positional traders, though a decisive break below these levels could accelerate downside pressure and extend the correction.

— Ponmudi R, CEO at Enrich Money

MCX Silver futures are trading near the ₹2,60,000– ₹2,80,000 zone after undergoing a period of consolidation in the previous session. While the long-term bullish structure remains intact, prices have now moved above key moving averages, indicating short-term bearish pressure and an ongoing corrective phase.

— Ponmudi R, CEO at Enrich Money

Strong buying interest is visible in the $70–$75 support band, aligned with prior swing lows and long-term trend support. A sustained hold above this base, followed by a recovery and close above $92–$96, could revive upside momentum toward $100–$105 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by steady industrial demand and structural supply constraints, despite elevated volatility.

— Ponmudi R, CEO at Enrich Money

COMEX Silver is trading near the $85–$90 zone after a sharp correction from record highs above $121. While the broader bullish structure remains intact on higher timeframes, prices have climbed above the major moving averages, signalling a shift from the prior corrective phase to a fresh bullish structure.

— Ponmudi R, CEO at Enrich Money

Strong buying interest is seen in the ₹1,45,000– ₹1,50,000 support area. A sustained hold above this base, followed by a breakout above ₹1,60,800, could revive upside momentum toward ₹1,65,000– ₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility.

— Ponmudi R, CEO at Enrich Money

MCX Gold futures are trading near the ₹1,55,000– ₹1,62,000 zone, following consolidation after the sharp correction from all-time highs around ₹1,80,000– ₹1,81,000. While prices are currently consolidating near current levels in the short term, the broader uptrend remains supportive, with prices holding above important long-term support zones.

— Ponmudi R, CEO at Enrich Money

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Strong buying interest is visible in the $4,650–$4,800 support band, and sustained stability above this zone could set the stage for renewed upside momentum. A breakout above $5,200–$5,300 would open the path toward a retest of record highs.

— Ponmudi R, CEO at Enrich Money

Prices continue to sustain above important moving averages and have started to edge higher after a period of sideways consolidation, indicating strengthening momentum and a continuation of the upward bias.

Ponmudi R, CEO at Enrich Money

COMEX Gold is trading near the $5,100-$5,200 zone after a sharp correction from recent highs above $5,500–$5,600. The broader uptrend remains intact, with the recent pullback reflecting profit booking and healthy price digestion.

Ponmudi R, CEO at Enrich Money

The US Supreme Court decision on Trump's tariffs injects renewed uncertainty into global trade policy. Tariffs were a cornerstone of President Trump’s “Make America Great Again” economic strategy, aimed at narrowing the U.S. trade deficit and revitalising domestic manufacturing.

— Sugandha Sachdeva, Founder of SS WealthStreet

Overall, trade uncertainty, geopolitical risk premium, and macroeconomic crosscurrents continue to provide a structurally supportive backdrop for gold and silver.

— Sugandha Sachdeva, Founder of SS WealthStreet

The precious metals are rising due to the two major reasons — trade uncertainty after US Supreme Court decision on Trump's tariffs and rising buzz for the US-Iran war. These two have enhanced the safe-have demand for gold and silver due to which, these precious metals are rising across bourses.

Anuj Gupa, a SEBI-registered market expert

Following strong global cues, the MCX gold rate today opened with an upside gap at ₹1,58,458 per 10 gm and touched an intraday high of ₹1,60,600 within a few minutes of the Opening Bell. Likewise, the MCX silver rate today opened upside at ₹2,63,061 and touched an intraday high of ₹2,68,120 per kg within a few minutes of the MCX opening.

The COMEX silver rate today is in $70 to $88 per ounce range, whereas the COMEX gold rate today is in $4,850 to $5,200 per ounce range. The precious white metal has given a fresh breakout at $85/oz, whereas the COMEX gold price today is on the cusp of giving a fresh breakout at $5,200.

— Anuj Gupta, a SEBI-registered market expert

The COMEX gold and silver prices are skyrocketing. The COMEX gold rate today is up over 2% whereas the COMEX silver rate today is up over 6%.Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed organisations like NDTV Profit, The ...

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