Gold Rates & Silver Rates Today (05-05-2026) Live Updates: MCX Gold Marginally Up, Silver Price Falls By 1.5%

Gold rates and silver rates in India are trading on a mixed note. MCX gold is mildly up but still below Rs 1,49,500 mark and MCX silver crashed sharply by Rs 3,400 to struggle around Rs 2.36 lakh per 1Kg. This comes after spot gold price held around $4,530 per ounce on Tuesday after dropping by 2% in the previous session. Spot silver is below $73 per ounce.

The intensifying tensions in Middle East have pushed energy prices higher and intensified inflationary pressure.

US forces repelled Iranian attacks while escorting two US-flagged vessels through the Strait of Hormuz, while the UAE reported intercepting cruise missiles launched by Iran and attributed a major fire at its Fujairah port to an Iranian drone strike. These developments followed President Trump's plan to restore shipping through Hormuz and support stranded vessels, although shipowners remain cautious amid elevated security risks, as per Trading Economics.

Furthermore, safe haven assets are cautious despite decline in crude oil prices on Tuesday. Brent Crude is down by 1.5% to trade around $113 per barrel and US WTI Crude Oil dropped by 2.5% to trade below $104 per barrel.

US dollar, however, traded firm over 98.5 mark.

Investors now turn their attention to upcoming speeches from Fed officials and a batch of key economic releases, including the closely watched monthly jobs report. The US economy is projected to have added around 60K jobs in April, a sharp slowdown from the 178K increase recorded in March, as per Trading Economics.

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May 05, 2026, 11:43 am IST

Commodity Market Live Updates: Check Performance Of Commodities

Here's how commodity market is performing today including gold, crude, silver, natural gas, coal and others. Check their returns on month-on-month and year-on-year basis. Source: Trading Economics.

May 05, 2026, 11:40 am IST

Oil Prices Today Live Updates: What Is Impacting Crude Oil Prices Today?

The US and Iran exchanged fire in the Strait of Hormuz, raising uncertainty over the durability of the four-week ceasefire. US forces repelled Iranian attacks while escorting two US-flagged vessels through the strategic waterway, stating they had “defended all commercial ships” from drones and small boats deployed by Tehran. Meanwhile, the UAE reported intercepting Iranian missiles and confirmed a fire at its Fujairah oil terminal. These developments came after President Trump outlined plans to restore shipping through Hormuz and support stranded vessels, though shipowners remain wary given elevated security risks. The latest flare-up in the strait indicates that the route is likely to stay closed until a US–Iran agreement is reached, leaving markets cautious about the potential for further gains in energy prices, as per Trading Economics.

May 05, 2026, 11:40 am IST

Oil Prices Today Live Updates: Brent Dips Below 5

Brent crude slipped by 1% to trade around 3.50 per barrel. This comes after Brent surged by 6% to cross 5 mark yesterday. Despite the latest decline, Brent crude is up by 83% in a year and higher by 3.5% in the last month.

May 05, 2026, 11:40 am IST

Oil Prices Live Updates: US WTI CRUDE Falls 2%

After strong gains of 4% in previous session, US WTI Crude Oil has reversed its trend. WTI is down by 2% to trade around 4.5 per barrel.

May 05, 2026, 11:37 am IST

Silver Rates Today Live Updates: Spot Silver Above 73

Silver held below an ounce on Tuesday after dropping nearly 2% in the previous session. As per Trading Economics, the latest escalation has cast doubt on the viability of the four-week ceasefire, with oil prices and global bond yields surging on expectations that central banks may need to raise interest rates to contain inflation. Silver is now down about 22% since the war started in late February.

May 05, 2026, 11:36 am IST

Gold Rates Today Live Updates: Spot Gold Gains Momentum

Spot gold gained momentum by trading higher by 0.43% to around ,542 per ounce. This comes after spot gold crashed by 2% in the previous session due to intensifying tensions in the Middle East that have driven energy prices higher and amplified inflation concerns.

May 05, 2026, 11:35 am IST

Silver Rates Today Live Updates: MCX Silver Price Technical Outlook

Trading Ideas:
* Silver trading range for the day is 235300-255530.
* Silver dropped as rising Middle East tensions stoked inflation fears.
* Iran’s Fars news agency said two missiles hit a US Navy frigate in the Strait of Hormuz, calling it a breach of "traffic and shipping security".
* IRGC Navy released a map designating areas of the Strait under Iranian military control.

Technically, the market is under fresh selling pressure, with open interest rising by 9.43% to 7,722 lots while prices declined ₹7,042. Immediate support is seen at ₹239,600, with further downside toward ₹235,300. On the upside, resistance is placed at ₹249,715, and a breakout above this level could push prices toward ₹255,530: Kedia Advisory

May 05, 2026, 11:34 am IST

Gold Rates Today Live Updates: Where is MCX gold headed?

Trading Ideas:
* Gold trading range for the day is 147230-152400.
* Gold fell as geopolitical tensions in the Middle East remained elevated, fueling inflation concerns.
* Middle East conflict has pushed energy prices sharply higher and intensified inflation risks.
* Central banks bought 244t (+3% y/y) of gold on a net basis in Q1

Technically, the market is under fresh selling pressure, with open interest rising by 9.89% to 9,981 lots while prices dropped ₹2,013. Immediate support is seen at ₹148,285, with further downside toward ₹147,230. On the upside, resistance is placed at ₹150,870, and a breakout above this level could push prices toward ₹152,400: Kedia Advisory.

May 05, 2026, 11:32 am IST

Silver Rates Today Live: MCX Silver Extends Losses

MCX silver is trading under pressure compared to gold. At the time of writing, MCX silver with May 5, 2026 expiry, crashed by Rs 3,382 or 1.41% to trade around Rs 2,36,001 per 1Kg. This is the new intraday low.

May 05, 2026, 11:29 am IST

Gold Rates Today Live: MCX Gold Extends Upside

MCX gold price extended its upside. At the time of writing, MCX gold is trading at 1,49,725, up by 386 or 0.26%.