Gold Rates & Silver Rates Today (24-04-2026) Live: MCX Gold & Silver Price May Open Mixed Amid Volatile Cues

Gold rates and silver rates in India are likely to be in pressure as the international bullion prices traded volatile with cautious sentiments. Both spot gold and spot silver are trading below pivotal levels of $4,700 per ounce and $76 per ounce.

The tensions between the US and Iran continue to escalate as the hostilities at Strait of Hormuz keep energy prices higher and further intensify inflationary fear.

President Donald Trump also said in a social media post on Thursday that he had ordered the US Navy to "shoot and kill" vessels laying mines in the strait, while US forces also boarded a supertanker carrying Iranian oil in the Indian Ocean. Meanwhile, the US-Iran ceasefire has been extended indefinitely as Washington awaits a new formal proposal from Tehran, while the truce between Israel and Lebanon has also been prolonged by three weeks. Elevated energy prices have heightened inflation risks and bolstered expectations of potential central bank rate hikes, weighing on the appeal of non-yielding bullion, as per Trading Economics.

Meanwhile, crude oil prices traded nearly 1% up in the early trade of April 24. Brent Crude is between 106-107 per barrel and US WTI Crude Oil performs near $97 per barrel.

US dollar index is firm around $98.8, while embarking on its first weekly gain in a span of three weeks. This is another reason for dull demand in precious metals.

With the delay in resolution between US-Iran, Israel-Lebanon and Israel-Iran, the global economic conditions is uncertain and energy crisis situation worsens. This is why, US Federal Reserve is expected to keep key fund rates unchanged in 2026, compared to earlier expectation of two rate cuts. There is also a possibility of rate hike in 2026. Policymakers are assessing the impact of Iran conflict on inflation and economy.

Investors are also taking note of Fed nominee Kevin Warsh recent statement where he vowed to uphold independence for US monetary policy decisions ahead.

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Apr 24, 2026, 8:09 am IST

Gold Rates Today Live: Why Spot Gold Is Falling?

As per Kotak Neo, gold is pressured by a firmer US dollar and rising Treasury yields, which have increased the opportunity cost of holding non-yielding assets. The decline comes amid elevated geopolitical uncertainty, with stalled US–Iran negotiations and continued disruption in the Strait of Hormuz sustaining high energy prices and reinforcing inflation concerns. While gold typically benefits from geopolitical stress, the current environment is dominated by expectations of prolonged policy tightness, as central banks remain cautious in the face of energy-driven inflation. Gold is likely to remain under pressure, balancing persistent geopolitical risks against a stronger dollar and higher-for-longer rate expectations.

Apr 24, 2026, 8:05 am IST

Silver Rates Today Live: Spot Silver Under Pressure

Spot silver fell below per ounce and traded broadly under pressure. Following this, silver is on the path to record nearly 7% drop for the current weekly performance.

Apr 24, 2026, 8:04 am IST

Gold Rates Today Live: Spot Gold Erases ,700

Gold held below ,700 an ounce on Friday and was on track to decline about 3% for the week, as escalating tensions between the US and Iran over the Strait of Hormuz drove energy prices higher and intensified inflation concerns. Both sides have maintained their blockades of the strategic waterway, with peace negotiations showing little progress, as per Trading Economics.