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Silver prices in India rose on Friday, March 27, supported by a weaker dollar and renewed bargain buying amid persistent geopolitical concerns. Gold also moved higher, tracking gains across the broader precious metals complex.

On MCX, silver price jumps 2.3% to its day's high of ₹2,25,014 per kg while MCX gold rate advanced 1% to its intra-day high of ₹1,40,900 per 10 grams.

In the international markets as well, Spot silver climbed 1.1% to $68.80 per ounce, while spot gold rose 1.1% to $4,428.30 per ounce as of 0228 GMT. However, despite the day’s gains, gold has declined about 1.3% so far this week, reflecting underlying pressure on bullion prices. U.S. gold futures for April delivery also advanced 1.1% to $4,423.40.

Other precious metals also saw strong moves, with platinum rising 2.1% to $1,865.13 and palladium gaining 2.7% to $1,389.80, indicating broader strength in the metals segment.

The rebound in silver and gold was largely driven by a softer U.S. dollar, which made dollar-denominated commodities more affordable for holders of other currencies, thereby boosting demand. Bargain hunting after recent declines also contributed to the uptick in prices.

Meanwhile, geopolitical developments continue to influence sentiment. U.S. President Donald Trump indicated that a pause on strikes against Iran’s energy infrastructure would be extended into April and described ongoing talks as progressing well. However, an Iranian official rejected the U.S. proposal to end the conflict, calling it “one-sided and unfair,” highlighting the uncertainty surrounding any potential resolution.

However, the broader trend remains under pressure due to rising energy prices and inflation concerns. Brent crude continued to trade above $105 per barrel, as the ongoing conflict has severely disrupted shipments through the Strait of Hormuz, a key route that handles nearly one-fifth of global crude oil and LNG flows.

Elevated oil prices are expected to push up transportation and manufacturing costs, thereby intensifying inflationary pressures globally. While gold is traditionally seen as a hedge against inflation, the current environment presents a challenge, as higher inflation is also leading to expectations of tighter monetary policy and elevated interest rates.

Higher interest rates typically reduce the appeal of non-yielding assets like gold and silver, limiting their upside even during periods of economic uncertainty. This dynamic has been a key factor behind the recent weakness in bullion prices despite ongoing geopolitical tensions.

more to come…Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience.

Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism.

Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends.

An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a way that is both informative and accessible to readers across experience levels.

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