Gold Rates & Silver Rates Today Live (11-05-2026): MCX Gold Falls After COMEX Drops 1%, Silver Price Trade Up

Gold rates and silver rates in India trade cautiously as the international market's hope of a US-Iran peace deal fades due to new threatening remarks from Donald Trump and Israel. MCX gold price is down and struggling below Rs 1.52 lakh mark, while MCX silver is trading cautiously higher to near Rs. 2.62 lakh mark. Spot gold has plunged by 1% to hit an intraday low of $4,670.6 per ounce. On the other hand, spot silver traded higher by 1% to trade above $81 per ounce.

Safe haven like gold faced selling pressure as crude oil prices witnessed new upside momentum due to the latest development in Middle East conflict. US WTI Crude oil is up by 4.5% to trade near 100 per barrel mark, while Brent Crude surged by over 4% to reach near 106 per barrel mark.

Also, steady dollar added to woes in gold. US dollar gained momentum to flirt around 98 mark against a basket of currencies.

In the latest development, Israeli Prime Minister Benjamin Netanyahu said that war with Iran is not over. Meanwhile, US President Donald Trump rejected Iran's renewed peace proposal for ending the conflict. Trump said, "I have just read the response from Iran's so-called "Representatives." I don't like it - TOTALLY UNACCEPTABLE!"

This has brought back the energy crisis and inflationary fears amidst investors. As long as the conflict between US-Israel-Iran does not cools off along with severe conditions at Hormuz, experts have warned of an extreme long term impact on global economy.

Investors also processed the latest US jobs report, which revealed the economy added 115,000 jobs last month, surpassing expectations of 62,000 and indicating continued strength in the labor market. Since the war began in late February, gold has dropped more than 10%, pressured by rising oil prices that fueled inflation worries and clouded the outlook for interest rates, as per Trading Economics.

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May 11, 2026, 10:04 am IST

Silver Rates Today Live Updates: MCX Silver Next Target; Rs 2.55 Lakh vs Rs 2.70 Lakh?

MCX Silver futures continue to trade with a firm undertone, currently hovering near the ₹2,62,000 zone after witnessing a strong rally from lower levels earlier in the week. Prices remain stable above the key support region, indicating sustained buying interest despite some consolidation at higher levels. Technically, the ₹2,65,000 zone acts as immediate resistance, and a sustained breakout above this level could extend the upmove toward ₹2,68,000–₹2,70,000. On the downside, the ₹2,60,000–₹2,58,000 zone now serves as immediate support, while a break below this band could trigger profit booking toward the ₹2,55,000 region. The near-term trend remains cautiously positive, with momentum likely to strengthen further only on a decisive breakout above the immediate resistance zone: Ponmudi R, CEO of Enrich Money.

May 11, 2026, 10:03 am IST

Silver Rates Today Live Updates: Spot Silver Outlook Remains Constructive

COMEX Silver is currently trading near the –81 zone, consolidating after a strong rally witnessed earlier in the week. Prices remain stable above key support levels, although upside momentum has moderated with some profit booking emerging near higher levels. Technically, the –82 zone acts as immediate resistance, and a sustained breakout above this range could revive bullish momentum toward the –85 levels. On the downside, the –79 zone serves as immediate support, while a break below this region could trigger weakness toward the –77 zone. Overall, the broader trend remains constructive with a cautiously positive undertone, while stronger momentum is likely only on a decisive breakout above immediate resistance levels: Ponmudi R, CEO of Enrich Money.

May 11, 2026, 10:02 am IST

Gold Rates Today Live Updates: What Technical Indicator Will Trigger Bulls & Bears In MCX Gold Ahead?

MCX Gold futures are trading near the ₹1,52,000–₹1,53,000 zone, showing signs of stabilization after recovering from the recent lower levels near ₹1,49,000–₹1,48,000, indicating selective buying interest emerging at lower support zones. Technically, immediate resistance is placed at ₹1,54,000–₹1,55,500, followed by a stronger hurdle near ₹1,58,000–₹1,60,000. A sustained breakout above these levels could strengthen bullish momentum and extend the recovery toward higher levels. On the downside, immediate support is seen near ₹1,50,000–₹1,48,000, while stronger support remains positioned around ₹1,45,000–₹1,43,000. A decisive break below this zone could weaken the recovery structure and trigger further corrective pressure. The broader trend remains cautiously positive, with prices holding above key support levels. However, further directional momentum will depend on a sustained breakout above the ₹1,55,500 resistance zone: Ponmudi R, CEO of Enrich Money.

May 11, 2026, 10:01 am IST

Gold Rates Today Live Updates: SPOT GOLD To Trend Cautiously

COMEX Gold is trading near the ,720–,740 zone, witnessing a strong recovery from the recent lows near ,530–,500 and forming a gradual higher-low structure on the daily chart, indicating renewed buying interest at lower levels and improving near-term momentum. Technically, immediate resistance is placed at ,800–,840, followed by a stronger supply zone near ,900–,920. A sustained breakout above these levels could strengthen bullish momentum further and open the path toward the psychological ,000 mark in the medium term. On the downside, immediate support is seen near ,680–,650, while stronger support remains positioned around ,560–,520. Overall, the broader trend remains cautiously positive, with price action showing signs of stabilization and recovery from lower levels, while further directional momentum remains dependent on a sustained breakout above key resistance levels: Ponmudi R, CEO of Enrich Money.

May 11, 2026, 9:58 am IST

Silver Rates Today Live Updates: MCX Silver Surges Marginally

MCX silver price tracked the uptrend in spot silver in the early trade of May 11. At the time of writing, MCX silver for June 2026 expiry, traded at Rs 2,62,250 per 1Kg, up by Rs 328 or 0.13%. However, MCX silver has pulled away from its early intraday high of Rs 2,64,922 per 1Kg.

May 11, 2026, 9:56 am IST

Gold Rates Today Live Updates: MCX Gold Falls Today

MCX gold price dropped to hit an intraday low of Rs 1,51,900 per 10 grams in the opening bell. At the time of writing, MCX gold for July 2026 expiry, traded at its intraday low, down by Rs 630 or 0.41%. The bullion is down tracking underperformance of spot gold price.

May 11, 2026, 9:54 am IST

Silver Rates Today Live Updates: XAG/USD - Silver Spot US Dollar

Spot silver price is trading mildly higher at the time of writing. In the early trade, this precious metals surged by 1% to hit an intraday high of .6360 per ounce. However, the price has pulled back and trading at .4700 per ounce, with 0.15% upside.

May 11, 2026, 9:52 am IST

Gold Rates Today Live Updates: XAU/USD - Gold Spot US Dollar

Spot Gold fell by 1% to trade at new intraday low of 4,670.60 per ounce. This comes after US-Iran peace hopes dull down after new remarks from Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump.