Gold Rates & Silver Rates Today Live: MCX Gold Below Rs 1.49 Lakh Mark, Silver Price Drops By 14,500

Gold rates and silver rates in India crashed sharply on Thursday, April 2nd, after US President Donald Trump shed light on the country's plan against Iran. The global economy is tethered to uncertainties that could be the impacts of the Middle East war, which is in its fifth week. In the latest update, US President Donald Trump has made no announcement of the timeline for ending 'Operation Fury' against Iran.

Trump revealed that the US agenda in Iran is approaching its completion; however, he also signaled that US military campaign will most likely continue with even more intense action against the Islamic regime over the coming two to three weeks. Hence, the war is likely to persist through most of April if no resolution is decided anytime soon.

On April 2nd, MCX gold dropped nearly 2% to trade around Rs 1.51 lakh level. While MCX silver plunged by nearly 5% to trade below Rs 2.33 lakh level. Meanwhile, spot gold crashed below $4,690 per ounce and silver struggled to hold around $71.8 per ounce. Following this, precious metals have halted their four-consecutive day gains. The US dollar has rebounded after Trump's speech as inflation risks heightened. Meanwhile, crude oil prices surged by 5-6% to trade near $107 per barrel. Natural gas and gasoline prices are up as well.

The greenback has recently emerged as a safe-haven asset, putting pressure on dollar-denominated precious metals. Oil prices also resumed their advance, reinforcing inflation concerns and expectations of tighter monetary policy. Traders have fully priced out the prospect of US rate cuts in 2026, a stark reversal from pre-war expectations of two cuts, as per Trading Economics.

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Apr 02, 2026, 5:06 pm IST

Silver Rates In India Today Live: Silver Crashes Most In Hyderabad, Chennai

In majority of cities, 1Kg silver rate plunged by Rs 5,000 to Rs 2.50 lakh, but in Hyderabad and Chennai, silver was down by Rs 10,000 on April 2nd. Despite this, 1Kg silver is still expensive in these two southern cities to Rs 2.55 lakh. Additionally, 100 grams and 10 grams silver price dropped by Rs 1,000 and Rs 100 to Rs 25,500 and Rs 2,550 in Hyderabad and Chennai. 8 grams silver is lower by Rs 80 to Rs 2,040 and 1 gram silver is down by Rs 10 to Rs 255.

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Apr 02, 2026, 5:05 pm IST

Gold Rates In India Today Live: 18 Carat Gold Prices Today

Here, 10 grams gold price declined by Rs 2,980 to Rs 1,11,730 and 100 grams gold price tumbled by Rs 29,800 to Rs 11,17,300. Moreover, 8 grams gold dropped by Rs 2,384 to Rs 89,384 and 1 gram gold is down by Rs 298 to Rs 11,173.

Apr 02, 2026, 5:05 pm IST

Gold Rates In India Today Live: 22 Carat Gold Prices Today

Further, under 22 carat, 100 grams gold price plunged by Rs 36,500 to Rs 13,65,500 and 10 grams gold slipped by Rs 3,650 to Rs 1,36,550. Also, 8 grams gold price dipped by Rs 2,920 to Rs 1,09,240 and 1 gram gold is down by Rs 365 to Rs 13,655.

Apr 02, 2026, 5:05 pm IST

Gold Rates In India Today Live: 24 Carat Gold Prices Today

24 carat gold rates dropped by Rs 3,980 to Rs 1,48,970 per 10 grams and nosedived by Rs 39,800 to Rs 14,89,700 in Hyderabad. Also, 8 grams and 1 gram gold dipped by Rs 3,184 and Rs 398 to Rs 1,19,176 and Rs 14,897.

Apr 02, 2026, 3:41 pm IST

Silver Rates Today Live: MCX Silver Price Outlook

Price action indicates underlying weakness, despite intermittent support emerging at lower levels. On the upside, the ₹2,33,000-₹2,34,000 now serves as the immediate resistance band. A sustained move above this level could trigger a recovery toward the ₹2,37,000-₹2,40,000 zone. On the downside, a decisive break below the ₹2,30,000 level may accelerate the decline toward ₹2,26,000-₹2,28,000 range, which remains a crucial structural support, with further downside potential extending toward the ₹2,22,000–₹2,320,000 region. Overall, the near-term outlook remains cautious, with price action largely dependent on the ability to sustain above key support levels, while geopolitical developments and macro cues continue to influence market direction: Ponmudi R, CEO of Enrich Money.

Apr 02, 2026, 3:41 pm IST

Silver Rates Today Live: Spot Silver Price Outlook

The broader trend reflects a gradually weakening tone, with safe-haven interest and resilience in industrial metals offering only limited support and providing a fragile base to prices. On the upside, a sustained and decisive move above would signal strengthening bullish momentum and may open the door for an advance toward -, where selling pressure is likely to emerge. However, a failure to hold above could reintroduce downward pressure, potentially dragging prices toward - in the near term, with stronger support placed in the – region: Ponmudi R, CEO of Enrich Money.

Apr 02, 2026, 3:40 pm IST

Gold Rates Today Live: MCX Gold Price Outlook

Price action suggests fading strength at higher levels, keeping the broader tone cautious with a mild downside bias. On the upside, a sustained move above ₹1,52,000 level would strengthen bullish momentum and may open the path toward ₹1,54,000-₹1,55,000 with further upside potential toward ₹1,56,000-₹1,58,000 level, where supply pressure is likely to emerge. On the downside, a sustained break below ₹1,50,000 could trigger extended profit booking, potentially dragging prices toward ₹1,48,000-₹1,46,000 range. The near-term bias remains cautious with macro uncertainty and geopolitical developments expected to continue driving momentum: Ponmudi R, CEO of Enrich Money.

Apr 02, 2026, 3:40 pm IST

Gold Rates Today Live: Spot Gold Outlook

The overall structure reflects underlying weakness, with persistent geopolitical tensions in the Middle East offering only limited safe-haven support and providing a weak cushion to prices. A sustained move above ,750 could extend the rally toward ,800, with further upside potential toward ,900, where stronger supply pressure is likely to emerge. On the downside, a sustained break below ,650 may accelerate weakness toward ,550-,500, with further downside extending toward the ,400 level. Overall, the structure remains weak, with downside risks prevailing, and a sustained hold above key support levels remains critical: Ponmudi R, CEO of Enrich Money.

Apr 02, 2026, 3:34 pm IST

Silver Rates Today Live: MCX Silver Erases Rs 2.30 Lakh Level

MCX silver price tumbles by Rs 14,469 or 5.94% to trade around Rs 2,29,032 per 1Kg. Silver has touched an intraday low of Rs 2,24,500 per 1Kg.

Apr 02, 2026, 3:34 pm IST

Gold Rates Today Live: MCX Gold Price Falls Below Rs 1.49 Lakh Mark

MCX gold price traded below Rs 1.49 lakh mark during the closing bell. The bullion dropped by Rs 5,184 or 3.4% to trade around Rs 1,48,524 per 10 grams.

Apr 02, 2026, 12:48 pm IST

Commodity Market Live Updates: Oil Prices Rally

US WTI Crude futures jumped above 6 per barrel, registering upside of 6%. Meanwhile, Brent crude rallied by 6.5% to trade near 7.7 per barrel. As per Trading Economics, In his rare prime-time speech, President Donald Trump gave no clear end date for the Middle East conflict, saying the US has nearly met its strategic objectives in Iran while warning that military operations could intensify over the next two to three weeks. The statement raised the risk of more extensive damage to energy infrastructure throughout the Gulf. Meanwhile, Iran rejected Trump’s claim that it had sought a ceasefire, asserting that the Strait of Hormuz would remain closed and that the vital transit route is firmly under IRGC Navy control.

Apr 02, 2026, 12:48 pm IST

Forex Market Live Updates: US DOLLAR Rises

US dollar surged above 100 mark, halting its two consecutive days losing streak after US President Donald Trump did not provide any clarity on the timeline to end the war with Iran. Trump instead warned of an intense military operations in the next two to three weeks in Iran, heightening geopolitical conflict risks. US dollar emerges as safe haven as precious metals are under pressure. Dollar gained over 2.3% last month.

Apr 02, 2026, 10:56 am IST

Silver Rates Today Live: Spot Silver Struggles

Silver prices slid more than 3% toward per ounce on Thursday as the US dollar gained ground following President Donald Trump’s prime-time address. Trump offered no clear end date for the Middle East conflict and noted that the US had nearly achieved its strategic goals in Iran but cautioned that the military campaign could intensify over the next two to three weeks, as per Trading Economics.

Apr 02, 2026, 10:56 am IST

Gold Rates Today Live: Spot Gold Crashes Today

Gold prices declined to around ,690 per ounce on Thursday, ending a four-day gain, as the US dollar rebounded after President Donald Trump offered no definitive timeline for ending the Middle East conflict. In his remarks, Trump said Washington’s core strategic objectives in Iran were approaching completion but also warned that the military campaign could continue with more intense action over the next two to three weeks, a stance that strengthened the US dollar, as per Trading Economics.

Apr 02, 2026, 10:55 am IST

Silver Rates Today Live: MCX Silver Crashes

MCX silver price with May 2026 expiry, crashed by nearly 5% to trade at Rs 2,31,400 per 1Kg. So far, the decline has been by more than Rs 12,100.

Apr 02, 2026, 10:54 am IST

Gold Rates Today Live: MCX Gold Falls 2%

MCX gold price with May 2026 and June 2026 expiry date, have fallen by 2% each. MCX gold of May 2026 expiry, dropped by Rs 2,819 to trade at Rs 1,49,205 per 10 grams, while MCX gold with June expiry, plunged by Rs 2,788 to trade at Rs 1,50,920 per 10 grams, at the time of writing. Precious metals halted its gaining spree due to weak global cues.