[
On the MCX, silver futures for May 2026 delivery rose Rs 1,458, or 0.5%, to Rs 2,50,086 per kg. Gold futures for June 2026 delivery were little changed at Rs 1,53,079 per 10 grams.
In the international market, yellow metal prices were largely steady and were set for a fourth consecutive weekly gain. Spot gold was unchanged at $4,789.67 per ounce as of 0229 GMT, but was up 0.9% for the week. US gold futures for June also held steady at $4,809.30. Meanwhile, spot silver slipped 0.2% to $78.26 per ounce, though it too remained on track for a fourth straight weekly gain.
Market sentiment was supported by geopolitical developments, including a 10-day ceasefire between Lebanon and Israel that took effect on Thursday. US President Donald Trump also indicated that the next round of talks between the United States and Iran could take place over the weekend.
Earlier fears that rising energy prices could fuel inflation and keep global interest rates elevated had weighed on gold, with prices falling more than 8% since the Iran conflict began in late February.
How should you trade gold?
Manoj Kumar Jain of Prithvi Finmart said gold and silver are likely to remain supported at key levels in the near term. He expects silver to hold its support at $68 per troy ounce, while gold is seen holding above $4,680 per troy ounce on a closing basis this week.
He noted that both metals could remain volatile in the current session due to fluctuations in the dollar index, movement in crude oil prices and the possibility of a second round of US-Iran peace talks. For gold, immediate support is placed in the $4,774 to $4,740 range, with resistance seen at $4,840 to $4,884 per troy ounce. Silver has support between $76.60 and $74.00, while resistance is pegged at $80.40 to $82.80 per troy ounce.
On the domestic front, MCX gold has support at Rs 1,52,500 to Rs 1,51,100 and resistance at Rs 1,54,200 to Rs 1,55,000. MCX silver is seen finding support at Rs 2,45,500 to Rs 2,42,000, with resistance in the Rs 2,51,500 to Rs 2,55,000 range.
Jain recommends a buy-on-dips strategy for both metals. For gold, he suggests accumulating on declines as long as prices hold above Rs 1,48,800, with upside targets of Rs 1,55,000 to Rs 1,57,000. For silver, he advises buying on dips while prices stay above Rs 2,41,000, targeting Rs 2,55,000 to Rs 2,61,000.
Gold rates in physical markets
Gold Price today in Delhi
Standard gold (22 carat) prices in Delhi stand at Rs 1,14,208/8 grams while pure gold (24 carat) prices stand at Rs 1,24,584/8 grams.
Gold Price today in Mumbai
Standard gold (22 carat) prices in Mumbai stand at Rs 1,14,088/8 grams while pure gold (24 carat) prices stand at Rs 1,24,464/8 grams.
Gold Price today in Chennai
Standard gold (22 carat) prices in Chennai stand at Rs 1,14,888/8 grams while pure gold (24carat) prices stand at Rs 1,25,336/8 grams.
Gold Price today in Hyderabad
Standard gold (22 carat) prices in Hyderabad stand at Rs 1,14,088/8 grams while pure gold (24 carat) prices stand at Rs 1,24,464/8 grams.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
https://img.etimg.com/thumb/msid-130322698,width-1200,height-630,imgsize-942436,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/commodities/news/silver-gains-rs-1500-gold-at-rs-1-53-lakh-as-investors-eye-iran-war-peace-talks-key-levels-to-watch-today/articleshow/130322711.cms
