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Gold Rates & Silver Rates Today (21-04-2026) Live: MCX Gold Trades In Narrow Range, Silver Price Down 1%

Gold rates and silver rates continued to be under pressure on April 21, as investors assessed the development at Strait of Hormuz. Even though spot gold steadied above $4,800 per ounce in the early trade, it is currently down by 0.5% despite crud oil prices plunging by nearly 1%. Spot silver also dropped by 1%.

Following the cautious trend, MCX gold price traded mildly down to hold above Rs 1.53 lakh mark. On the other hand, MCX silver slipped by nearly 1% to struggle at Rs 2.51 lakh mark.

Vice President JD Vance is expected to lead the US delegation in Pakistan once again, while Iran is also reportedly preparing to send representatives, reversing earlier signals that it would not join further negotiations. Meanwhile, President Donald Trump said he is unlikely to extend the existing truce if no agreement is reached before its expiration, adding that the Strait of Hormuz will remain closed until a deal is secured. The Middle East conflict has triggered a historic energy supply shock that heightened inflationary risks and raised the likelihood of central bank rate hikes, which have weighed on gold, as per Trading Economics.

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