Gold prices and silver prices in India dropped sharply after weak global cues on March 30th. The start of the week has been bearish broadly as crude oil prices picked up momentum to hit above $115 per barrel as the conflict between US-Israel and Iran enters the fifth week in the Middle East. Apart from Iran's proxy Hezbollah, Houthis from Yemen also entered the feud by targeting Israel during the weekend.
Following this, inflation fear and rate hike cycle concern has only intensified. In the early hours of Monday, MCX gold price dropped to hit an intraday low of Rs 1,44,212 per 10 grams, correcting steeply from Rs 1.47 lakh mark recorded last week on Friday. MCX silver price also plunged to hit an intraday low of Rs 2,25,763 per 1Kg, and is trading near this level. Both precious metals are currently down by 1% each.
Meanwhile, spot gold fell below $4,500 per ounce due to uncertainties around the Middle East conflict. However, spot silver gained by nearly 1% to trade around $70 per ounce.
In crude oil, US WTI Oil Futures jumped by 2% to trade above $101 per barrel and Brent crude gained nearly 2.5% to trade above $115 per barrel. The downside in precious metals is also due to the firmness in the dollar, which stayed above the 100 mark.
In Middle East, as per Trading Economics data, hostilities in the region intensified as Iran-backed Houthi militants in Yemen joined the conflict, targeting Israel over the weekend. The militant group also has the capacity to launch strikes on vessels transiting the Red Sea and key Saudi Arabian energy infrastructure. Meanwhile, the US military is reportedly preparing for weeks of ground operations in Iran after additional troops arrived in the region.
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Mar 30, 2026, 10:59 am IST
Silver Rates Today: MCX Silver Price Outlook Here
MCX Silver opened on a firm note and is currently trading above ₹2,26,000 level, indicating underlying strength in prices despite intermittent resistance at higher levels. On the upside, the ₹2,32,000 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 ₹2,20,000 level may accelerate the decline toward ₹2,15,000 range, which remains a crucial structural support, with further downside potential extending toward the ₹2,00,000–₹2,05,000 region. Overall, the near-term outlook remains cautious, with price action largely dependent on the ability to sustain above key resistance levels, while geopolitical developments and macro cues continue to influence market direction: Ponmudi R, CEO of Enrich Money.
Mar 30, 2026, 10:59 am IST
Silver Rates Today Live: Spot Silver Price Today
COMEX Silver opened on a firm note and is currently trading above - support band. The broader trend now reflects a gradually improving tone, supported by safe-haven interest and resilience in industrial metals, which continues to provide a supportive base to prices. On the upside, the – zone continues to act as an immediate resistance band. 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.
Mar 30, 2026, 10:59 am IST
Gold Rates Today Live: MCX Gold Price Outlook Here
MCX Gold opened with a mild gap up and is currently trading above ₹1,46,000 support band, indicating underlying buying interest at this level despite some intraday volatility. Price action suggests resilience at higher levels, keeping the broader tone cautious. On the upside, the ₹1,49,000-₹1,50,000 zone remains the immediate resistance area. A sustained move above this level would strengthen bullish momentum and may open the path toward ₹1,53,000 with further upside potential toward ₹1,58,000 level, where supply pressure is likely to emerge. On the downside, a sustained break below ₹1,44,000 could trigger extended profit booking, potentially dragging 0prices toward ₹1,3,000 range. Overall, the near-term bias remains cautious, supported by underlying strength in prices, with macro uncertainty and geopolitical developments expected to continue driving momentum.
Mar 30, 2026, 10:59 am IST
Gold Rates Today Live: Spot Gold Price Outlook
COMEX Gold opened on a steady note, trading above key short-term moving averages, with prices currently hovering within the ,500–,600 band. The overall structure continues to reflect underlying weakness, with persistent geopolitical tensions in the Middle East offering only intermittent safe-haven support, providing a limited cushion to prices. A sustained move above ,650 could extend the rally toward ,750–,800, with further upside potential toward ,900, where stronger supply pressure is likely to emerge. On the downside, a sustained break below ,400 may accelerate weakness toward ,300, with further downside extending toward the ,100 level. Overall, the structure remains cautiously positive as long as prices hold above key support levels: Ponmudi R, CEO of Enrich Money.
Mar 30, 2026, 10:56 am IST
Silver Rates In India Today Live: MCX Silver Price Volatile
MCX silver is trading volatile and cautious following the mild upside in spot silver price. MCX silver surges marginally to trade around Rs 2,28,369 per 1Kg, at the time of writing. Few minutes ago, MCX silver was down 1% and had touched an intraday low of Rs 2,25,763 per 1Kg.
Mar 30, 2026, 10:56 am IST
Gold Rates Today Live: MCX Gold Price Falls
MCX gold price with April 2026 expiry, fell by Rs 731 or 0.50% to trade at Rs 1,46,524 per 10 grams, at the time of writing. In the opening bell, MCX silver hit an intraday low of Rs 1,44,212 per 10 grams.
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