Gold Rates & Silver Rates Today (23 April, 2026) Live Updates: MCX Gold Falls, Silver Price Crashes By 2%

Gold rates and silver rates in India crashed sharply on Thursday, April 23, with MCX silver price falling nearly 2%. MCX gold is down by 0.5%. This follows the selling pressure in international bullion market as uncertainty in Middle East heightened. The ongoing blockade of Strait of Hormuz, has escalated the fears of energy crisis and inflationary pressure.

Tehran has maintained control over the waterway, restricting nearly all international traffic and reportedly firing on commercial vessels this week. The US has also upheld its blockade of Iranian ports to intensify pressure on the Islamic Republic, a move Tehran has condemned as a breach of the ceasefire. Meanwhile, President Donald Trump said the current truce would remain in place indefinitely as Washington awaits a new peace proposal from Iran, as per Trading Economics.

Spot gold falls by 1% to struggle around $4,700 per ounce, while spot silver price dropped by 2% to trade around $76.2 per barrel.

On the other hand, crude oil prices jumped with Brent Crude crossing 103 mark in per barrel. US WTI Crude oil is hovering closer to $95 mark.

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Apr 23, 2026, 10:59 am IST

Crude Oil Prices Live Updates: US WTI Crude Futures May Hit 105 Mark

US Oil is currently trading near the zone, with price action reflecting renewed bullish momentum following a sharp recovery from recent lows. The pair is now approaching immediate resistance at ; a sustained move above this level could extend the rally toward , with further upside potential toward the 5 mark. On the downside, .80 serves as the key support, and a break below could expose the zone. The near-term bias remains bullish, underpinned by the strong recovery and driven by ongoing geopolitical developments, as per Ponmudi R, CEO of Enrich Money.

Apr 23, 2026, 10:58 am IST

Silver Rates Today Live: MCX Silver Could Fall To Rs 2.30 Lakh Mark, If...

MCX Silver opened with a gap down and is now trading within ₹2,42,000-₹2,45,000, with safe-haven demand and strength in industrial metals offering only limited support amid elevated volatility, as geopolitical tensions continue to weigh on sentiment. Resistance is placed at ₹2,48,000–₹2,50,000, with further upside toward ₹2,57,000–₹2,60,000. A sustained move above these levels could strengthen momentum and support further gains. On the downside, a decisive break below ₹2,40,000 may lead to a corrective move toward the ₹2,35,000–₹2,30,000 range: Ponmudi R, CEO of Enrich Money.

Apr 23, 2026, 10:56 am IST

Silver Rates Today Live: How Steeper Can Spot Silver Fall If Middle East Conditions Did Not Ease?

Silver is trading below , reflecting a gradually weakening undertone, with price action showing limited strength amid persistent volatility driven by geopolitical tensions. A sustained move above - may help strengthen momentum and extend prices toward the – range. However, a break below could still trigger downside pressure toward the – zone with stronger support at –: Ponmudi R, CEO of Enrich Money.

Apr 23, 2026, 10:55 am IST

Gold Rates Today Live: If MCX Gold Hits Below Rs 1.50 Lakh, It May Touch Rs 1.48 Lakh Mark Too...

MCX Gold opened with a gap down and is trading above ₹1,51,500-₹1,52,500 level with emerging buying interest at lower levels, while prices continue to remain in a consolidation phase within a defined range. A sustained move above ₹1,55,000 could revive momentum toward ₹1,57,000-₹1,58,000. On the downside, a break below ₹1,51,000-₹1,50,000 may lead to a corrective move toward ₹1,48,000. The bias remains cautious with a weak undertone, with macro factors offering limited support; however, failure to break above resistance levels may extend the trend further to the downside: Ponmudi R, CEO of Enrich Money.

Apr 23, 2026, 10:54 am IST

Gold Rates Today Live Updates: Will COMEX Gold Hit ,600 Or Reclaim ,850? How & When

COMEX Gold is holding above ,700 range. However, the recent consolidation has pushed prices below key moving averages, indicating continued weakness despite emerging buying interest at lower levels, which still requires confirmation. A decisive break below ,680 could lead to some weakness toward ,640–,600 and further to ,540–,500. On the upside, a sustained move above ,820-,850 may strengthen momentum and push prices toward ,900 level, with potential extension to ,000. Overall, the structure remains cautiously with a weak undertone, while further upside depends on a decisive breakout above resistance levels: Ponmudi R, CEO of Enrich Money.

Apr 23, 2026, 10:51 am IST

Forex Market Live Updates: Rupee Extends Losses To 3-Week Low

The Indian rupee slipped to around 94 per dollar, extending its losses to a three-week low as renewed strength in global oil prices weighed on sentiment. The currency has already lost nearly 1% this week, reflecting sustained pressure from rising crude, with Brent crude oil climbing back above the 0-per-barrel mark. The Reserve Bank of India has stepped into the market in recent sessions, selling dollars to limit volatility, as per Trading Economics.

Apr 23, 2026, 10:50 am IST

Forex Market Live Updates: US Dollar Nears 1-Week High

The dollar index held around 98.5 on Thursday, hovering at over one-week highs amid a lack of progress in peace efforts between the US and Iran, supporting safe-haven demand for the greenback, as per Trading Economics.

Apr 23, 2026, 10:49 am IST

Silver Rates Today Live Updates: Spot Silver Falls By 2% To

Spot silver witnessed panic selling due to the hostilities at Strait of Hormuz. The precious metal dropped by 2% to hit per ounce, revering its previous day's gains.

Apr 23, 2026, 10:47 am IST

Gold Rates Today Live: SPOT Gold Struggles At ,700

Gold fell toward ,700 an ounce on Thursday, giving back gains from the previous session as markets continued to grapple with elevated uncertainty in the Middle East and the ongoing blockage of the Strait of Hormuz, which has kept energy prices high and inflation risks elevated. Tehran has maintained control over the waterway, restricting nearly all international traffic and reportedly firing on commercial vessels this week, as per Trading Economics.