Gold & Silver Rates Today (30-04-2026) Live: MCX Gold Stays Below Rs 1.50 Lakh, Silver Price Up By Rs 1,300

Gold rates and silver rates in India traded cautiously in the early hours of April 30. MCX gold was marginally up but traded below Rs 1.50 lakh mark, while MCX silver price surged by over Rs 1,300 to trade around Rs 2,34,500 mark. The sentiment in the international prices are also similar. Spot gold is up by 0.2% to trade around $4,550 and spot silver is higher by 1% to trade near $72 per ounce.

The gains is limited due to surge in crude oil prices. US WTI Crude Oil is up by 2.4% to trade near $109.5 per barrel and Brent Crude soared nearly 3% to trade near $114 per barrel. Also, the US dollar index hovered near 99 mark.

It needs to be noted that COMEX gold is near its 1-month low due to energy crisis which has intensified pushing inflationary fear and eliminating chances of rate cuts from central banks in 2026.

President Donald Trump said the US would keep its naval blockade on Iran in place until it agrees to a nuclear deal, while Tehran accused Trump of attempting to force the country into submission through economic pressure and internal divisions. The prolonged Middle East conflict and the near-shutdown of the Strait of Hormuz unsettled global markets, prompting traders to scale back bets on rate cuts this year and instead begin pricing in the possibility of a hike by 2027, as per Trading Economics.

The trends in commodity market is also fuel after US Federal Reserve's latest policy decisions. On April 29, the US Federal Reserve has kept key interest rates unchanged for the fifth consecutive policy in a row at 3.5% to 3.75%. However, in the April 29th meeting, the FOMC committee's split in opinion reached an 8-4 vote, the highest level of dissent since 1992. Many had also anticipated that this would be Jerome Powell's last policy. But Powell has announced that he will stay on Fed board as governor.

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