Gold Rates & Silver Rates Today (29-04-2026) Live: MCX Gold Price Falls Below Rs 1.50 Lakh, Silver Price Up

Gold rates in India are under pressure on April 29, as MCX gold price falls below Rs 1.50 lakh per 10 grams mark. The downside is limited and the market sentiment is broadly volatile. Silver rates in India are also struggling at MCX but with mild gains. MCX silver is trading a little above Rs 2.43 lakh per 1Kg mark. The performance follows movement in the international prices, where spot gold is below $4,600 per ounce and spot silver is below 74 per ounce.

However, spot silver is also trading higher by nearly 1%. The precious metals are volatile despite the decline in crude oil prices. This is because even when US WTI Crude Oil and Brent Crude prices plunged on April 29, they are still trading at a higher rate above the 99 and 111 marks.

In the latest development at Middle East, President Donald Trump stated that Iran called on the US to remove its naval blockade of the Strait of Hormuz, while the negotiations to end the conflict continue to be dangly. This has further escalated disruptions in the already tightening energy supplies from the Middle East.

Strait of Hornuz shutdown has already impacted 20% of global oil and gas supply. IEA described this as the largest supply shock on record and hence the inflationary pressures intensify.

Investors have increasingly priced in the possibility that central banks may keep interest rates elevated for longer or even tighten further, weighing on non-yielding bullion. Earlier this week, the BOJ left its policy rate unchanged, while central banks in the US, EU, the UK, and Canada are due to announce their decisions later this week, as per Trading Economics.

LIVE Feed

Apr 29, 2026, 11:21 am IST

Silver Rates Today Live Updates: What To Know Before Investing In Silver?

Trading Ideas:
# Silver trading range for the day is 227890-245980.
# Silver dropped as ongoing US-Iran tensions boosted crude oil prices, fueling inflation fears.
# US private employers added an average of 39,250 jobs per week in the four weeks ending April 11, 2026
# Fed is poised to hold rates steady, possibly in Jerome Powell’s final meeting as chair, with markets parsing signals on future policy.

Technically, the market is under long liquidation, with open interest sharply declining by -70.9% to 2,251, indicating significant unwinding of existing long positions. Silver is currently finding support at 2,32,620, with a break below potentially testing 2,27,890 levels. On the upside, resistance is seen at 2,41,665, and a move above could push prices towards 2,45,980 levels: Kedia Advisory.

Apr 29, 2026, 11:20 am IST

Silver Rates Today: MCX Silver Gains

MCX silver price with May 2026 expiry, surged by 0.5% or Rs 1,105 to trade around Rs 2,38,450 per 1Kg, which near its intraday high of Rs 2,38,699 per 1Kg. Silver has outperformed gold today.

Apr 29, 2026, 11:18 am IST

Gold Rates Today Live: MCX Gold Price Trading Ideas

Trading Ideas:
# Gold trading range for the day is 147050-153290.
# Gold plunged as surging oil prices and stalled US-Iran negotiations intensified inflation concerns.
# President Donald Trump rejected Iran’s latest proposal to resolve the two-month conflict.
# China's March net gold imports via Hong Kong rise 3.5% from February

Technically, the market is under fresh selling pressure, with open interest rising by 5.44% to 9,192, indicating new short positions entering the market. Gold is currently supported at 1,48,540, with a break below likely to test 1,47,050 levels. On the upside, resistance is seen at 1,51,660, and a move above could push prices towards 1,53,290 levels: Kedia Advisory.

Apr 29, 2026, 11:17 am IST

Gold Rates Today Live: MCX Gold Price Falls

MCX gold price with June 2026 expiry traded at Rs 1,49,954 per 10 grams, down by Rs 73 or 0.05%. The bullion is near its intraday low of Rs 1,49,720 per 10 grams.