Gold Rates & Silver Rates Today Live: MCX Gold & Silver Price Zoom 1% On Positive Cues; 24K, 22K, 18K Gold

Gold rates and silver rates in India gained momentum on March 17 on positive global cues. MCX gold with April 2026 expiry surged by 1% to trade around Rs 1,56,800 per 10 grams mark, but the bullion neared Rs 1.57 lakh mark in the opening bell. Meanwhile, MCX silver with May 2026 expiry touched an intraday high of Rs 2,61,457 per 1Kg. Silver is up 2%.

This comes after spot gold price rose marginally to trade above $5,020 per ounce, however, the bullion traded near its lowest level in a month. Meanwhile, spot silver outperformed spot gold with nearly 1% upside to trade around $81.5 per ounce.

Traders continue to monitor the impact of the Middle East conflict on inflation and monetary policy.

The US-Israel-Iran war entered its third week with the Islamic regime bombarding energy infrastructure in the regions. On the other hand, US President Donald Trump has warned Iran to hit their oil facilities in the Kharg island.

As per Trading Economics, the conflict has kept energy prices elevated, fueling concerns that sustained increases could further stoke inflation and reinforce a hawkish stance among central banks. The Federal Reserve is widely expected to hold rates steady this week, while other major central banks, including the ECB, BOE, and BOJ are also anticipated to maintain their current policy settings. Meanwhile, President Trump reiterated his call for help from other nations to secure the Strait of Hormuz, although some countries have declined to participate.

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Mar 17, 2026, 10:32 am IST

Silver Rates Today Live Updates: MCX Silver Price Outlook

MCX Silver futures are trading above the ₹2,58,000–₹2,62,000 range. Although the broader structure remains bullish, the recent correction has impacted short-term momentum. Key support is placed at ₹2,47,000–₹2,50,000, and holding above this zone is crucial to maintain the bullish structure. A sustained move above ₹2,65,000 could trigger an upside move toward ₹2,75,000–₹2,80,000, while a breakdown below support may lead to increased selling pressure: Ponmudi R, CEO of Enrich Money.

Mar 17, 2026, 10:32 am IST

Gold Rates Today Live Updates: Spot Silver Price Outlook

COMEX Silver is trading near the – range after a recovery from recent lows. While the broader bullish structure remains intact, the recent correction has pushed prices below short-term moving averages, indicating temporary weakness. Strong support is placed in the – zone, while a sustained move above could reignite bullish momentum toward –. Despite short-term volatility, the medium- to long-term outlook remains constructive, supported by structural demand and safe-haven flows: Ponmudi R, CEO of Enrich Money.

Mar 17, 2026, 10:32 am IST

Gold Rates Today Live Updates: MCX Gold Price Outlook

MCX Gold futures are currently hovering around the ₹1,56,500–₹1,57,500 range, indicating a phase of consolidation or mild profit booking. Strong demand is seen in the ₹1,55,000–₹1,56,000 zone, which continues to act as a key support base. As long as prices sustain above this region, the medium-term bullish outlook remains intact. A decisive breakout above ₹1,59,000 could revive upward momentum toward ₹1,63,000–₹1,65,000, as per Ponmudi R, CEO of Enrich Money.

Mar 17, 2026, 10:32 am IST

Gold Rates Today Live Updates: Spot Gold Price Outlook

COMEX Gold is currently trading within the ,990–,040 support band. After hitting record highs, the metal has entered a short-term corrective phase, with prices slipping below key moving averages, indicating near-term weakening momentum. Strong buying interest is visible in the ,950–,000 zone, while a break below this band could extend the correction toward ,850–,900. As long as gold holds above the ,000 mark, the broader bullish structure remains intact. A sustained breakout above ,100–,150 is required to resume upward momentum toward ,200–,250: Ponmudi R, CEO of Enrich Money.