Gold, Silver Rate Today Live Updates: Gold, silver prices soar after sell-off; Silver futures touch Rs 2.4 lakh per kg

Silver prices saw a recovery in the national capital on Friday, rising by Rs 1,800 to reach Rs 2.40 lakh per kg, while gold prices continued to decline, falling by Rs 650 to Rs 1.52 lakh per 10 grams, according to the All India Sarafa Association.

The white metal registered a gain of nearly 1 percent, increasing by Rs 1,800 to Rs 2,40,500 per kg, inclusive of taxes, compared with Thursday’s closing level of Rs 2,38,700 per kg.

In contrast, gold of 99.9 percent purity extended its losing streak for a third straight session, slipping by Rs 650, or 0.42 percent, to Rs 1,52,650 per 10 grams, inclusive of taxes. In the previous session, it had closed at Rs 1,53,300 per 10 grams.

Analysts noted that gold continues to face pressure due to broader macroeconomic uncertainties, along with global factors that are supporting the strength of the US dollar.

1 Gm Gold 24 Kt: Rs 15,540.00

1 Gm Gold 22 Kt: Rs 14,250.00

1 Kg Silver: Rs 2,51,300.00

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities shares his outlook:

Resistance Zones:
•₹1,47,500 – ₹1,47,800 (Immediate supply)
•₹1,49,000 – ₹1,49,500 (Strong resistance zone)

Support Zones:
•₹1,46,000 – ₹1,45,800 (Immediate support)
•₹1,44,800 – ₹1,44,500 (Key demand zone)

Volatility View:

Gold remains highly volatile due to ongoing geopolitical tensions and uncertainty around Fed rate decisions. Sharp intraday swings are expected, with range-bound but wide movement likely between ₹1,45,000 – ₹1,49,000.

Bias remains volatile with whipsaw moves, traders should expect fast spikes on news flow and avoid over-leverage.

Gold prices steadied in early morning trade but, remained on track for their worst weekly decline in six years, as the ongoing U.S.-Israel conflict with Iran lifted inflation expectations and reduced bets on near-term interest rate cuts. The metal remained under pressure following the Federal Reserve’s policy decision earlier this week, where rates were kept unchanged at 3.50%–3.75%, but policymakers flagged uncertainty around the inflationary impact of rising oil prices and indicated a cautious, data-dependent approach going forward. This reinforced expectations of a prolonged higher-for-longer rate environment, weighing on gold.

Safe-haven demand for bullion was largely overshadowed by a sharp rally in the U.S. dollar and Treasury yields, as investors positioned for tighter financial conditions. Oil prices surged to near four-year highs during the week following continued strikes on Middle Eastern energy infrastructure, raising concerns over sustained supply disruptions and elevated inflation. In response, global central banks adopted a cautious stance, with the Reserve Bank of Australia hiking rates, while the Federal Reserve, European Central Bank, Swiss National Bank, and Bank of Japan held rates steady and signaled limited scope for easing in the near term.

Additionally, market participants are now factoring in up to two rate hikes from the Bank of England this year, further reinforcing expectations of tighter monetary policy and limiting upside in gold despite persistent geopolitical risks, says Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.

Gold and silver prices in India have declined for a second consecutive week, weighed down by a stronger US dollar and rising inflation expectations in the United States, which have offset safe-haven demand arising from the West Asia conflict.

Gold was trading at around ₹1.51 lakh per 10 grams on Thursday, marking a weekly drop of 5.03 percent, while silver slid 12.26 percent to ₹2.36 lakh per kilogram. The sharp correction has helped revive buying interest in the domestic market. In international markets, gold eased to nearly $4,800 per troy ounce, while silver hovered around $75.

Analysts said persistent inflation concerns are driving the weakness, as crude oil prices remain above $100 per barrel due to supply disruptions linked to the Strait of Hormuz. This has reinforced expectations that US interest rates may stay higher for longer. “Despite ongoing geopolitical tensions, bullion remained under pressure as markets focused on the likelihood of higher-forlonger interest rates amid persistent inflation risks,” said Manav Modi, commodities analyst at Motilal Oswal Financial Services.

He also pointed to disruptions in key shipping routes and attacks on the world’s largest natural gas field shared by Iran and Qatar as additional factors influencing sentiment. Federal Reserve Chair Jerome Powell has highlighted the inflationary impact of elevated oil prices, while stronger-than-expected US producer inflation data has further dampened hopes of early rate cuts. “While the Fed maintains its long-term inflation target of 2%, markets now expect policymakers to remain cautious, limiting upside in gold despite ongoing safe-haven demand,” Modi said. “Yesterday’s better than expected US PPI (producer price index) data also weighed on rate cut expectations.”

Jewellers noted that the recent fall in prices has started to attract buyers in India, the world’s second-largest gold consumer, with improved footfall seen during Gudi Padwa. “This is a good level to buy gold. Enquiries from customers have already started and we are expecting good footfalls in the weekend,” said Suvankar Sen, managing director and CEO of Senco Gold & Diamonds.

With the wedding season and Akshaya Tritiya approaching, industry participants expect demand to pick up further if prices remain around current levels.

Manoj Kumar Jain of Prithvi Finmart told ET gold and silver are currently experiencing significant price swings. In the short term, he noted that silver may retest resistance near $76 per troy ounce, while gold could move towards the $4,740 per troy ounce level.

He added that volatility is likely to persist during the session, driven by movements in the dollar index, crude oil prices and the ongoing US-Iran conflict. For gold, immediate support is seen in the $4,540 to $4,470 range, with resistance between $4,664 and $4,740 per troy ounce. In the case of silver, support levels are placed between $68 and $64, while resistance is expected in the $76 to $78.40 per troy ounce band.

On the MCX, gold is supported between Rs 1,41,400 and Rs 1,39,500, with resistance in the Rs 1,47,200 to Rs 1,49,100 range. Silver has support at Rs 2,24,400 to Rs 2,17,000, while resistance is seen between Rs 2,38,000 and Rs 2,44,000.

He further said traders could consider using any short-lived rebound to exit long positions, as the near-term trend has turned negative, and wait for clearer stability before taking fresh positions. Long-term investors, however, should continue with systematic investment plans.

Gold and silver prices staged a strong recovery on the Multi Commodity Exchange of India on Friday, rebounding sharply after a steep decline in the previous session. Analysts attributed the uptick to a technical bounce, while noting that the near-term outlook remains bearish as elevated oil prices linked to the Middle East conflict continue to stoke inflation concerns.

On the MCX, silver futures for May 2026 delivery climbed Rs 8,540, or 3.6 percent, to Rs 2,40,000 per kg. Gold futures for April 2026 also moved higher, rising Rs 3,340, or 3 percent, to Rs 1,48,302 per 10 grams.

In global markets, gold edged up on Friday but was still headed for a third consecutive weekly loss, pressured by a strong dollar and the US Federal Reserve’s hawkish stance, which has dampened expectations of near-term interest rate cuts. Spot gold gained 0.2 percent to $4,657.50 per ounce as of 0112 GMT, although it has fallen more than 7 percent so far this week. Spot silver also recorded a modest increase, rising 0.1 percent to $73 per ounce.

A key uncertainty is whether the strong demand from central banks seen in 2025—when they accumulated gold to diversify reserves—will carry into 2026. According to a World Gold Council report, net central bank purchases stood at just 5 tonnes in January, compared with an average of 27 tonnes per month in 2025. While buying interest from central banks may continue this year, the pace is expected to moderate relative to last year, says Yes Bank.

Although gold continues to retain its structural appeal as a safe-haven asset, oil has also gained prominence as an investment class in the current crisis. If the conflict persists over the medium term, positioning in gold is likely to hinge on a careful interplay between real yields and the direction of the US dollar, alongside the continued need for defensive assets, says Yes Bank.

“The view going forward: historically, gold prices have performed well in periods of stagflation, and such risks are building now. However, for the immediate run, our technical analysis points to a bearish bias in gold prices. Close below USD 5000 / oz on daily basis to confirm the breakout for a move to USD 4600/4400 / oz, while this will be invalidated above USD 5150 / oz,” says YES Bank in its report on gold.

Gold and silver extended their decline on Thursday, pressured by mounting concerns over global inflation, according to Gaurav Garg, Research Analyst at Lemonn Markets Desk. He noted that escalating geopolitical tensions linked to the ongoing US-Iran conflict have heightened fears of disruptions to oil supplies, which could further intensify inflationary pressures.

Dilip Parmar, Senior Research Analyst at HDFC Securities, said gold prices have dropped to their lowest levels since early February, weighed down by the US Federal Reserve’s hawkish outlook and sustained outflows from gold exchange-traded funds over the past five sessions. “As energy-driven inflation looms, the inflation remains a primary concern for central bankers, keeping the pressure firmly on gold as bond yields climb,” he said.