Gold Silver Rates Today (April 10) On Track For 3rd Weekly Gains: What Is Impacting Gold Prices & Silver Price

Gold rates and silver rates globally continued their volatile trade due to uncertainty revolving around the Middle East crisis. However, spot gold is still on the move to record its third consecutive weekly gain on Friday, as the US-Iran ceasefire plan has pushed crude oil prices under pressure. Inflation concerns have eased but they still remain elevated. Another key impact is from the US dollar, which is trading soft today.

Gold Prices Today:

Spot gold traded around $4,749 per ounce, which is marginally down but the downside is limited. Notably, bullion has corrected by 8.4% in the past month, however, its year-over-year performance is healthy with nearly 47% gains.

Silver Prices Today:

Spot silver edged higher in the early hours of Friday, and traded around $75.5 per ounce. Silver took the most hit during US-Iran as it has plunged by nearly 12% in the past month.

But silver is a multibagger with nearly 134% gains in a year.

What Is Impacting Gold & Silver Prices Today?

Both the precious metals are on track to see third consecutive weekly gains after US-Iran cease triggered selling pressure in crude oil prices and eased concerns of inflationary pressure and probability of rate hikes in 2026.

The metal also drew support from a softer dollar, which had emerged as the leading safe-haven asset during the crisis. Investors turned their attention to upcoming diplomatic talks in Islamabad this weekend, where Vice President JD Vance is set to head a US delegation in meetings with Iranian officials, as per Trading Economics data.

Also, the Trading Economics data added, meanwhile, Israeli Prime Minister Benjamin Netanyahu reiterated that continued operations in Lebanon are not covered by the US-Iran ceasefire agreement, even as Washington plans to host further discussions next week involving Israel and Lebanon to advance broader truce efforts. US President Donald Trump also warned Iran over imposing transit fees in Hormuz, criticizing its handling of oil shipments.

Gold & Silver Prices Outlook Today:

As per Ponmudi R, CEO of Enrich Money, here's how gold and silver prices could move ahead.

COMEX Gold Price Outlook:

A decisive break below $4,650 could accelerate selling pressure toward the $4,550-$4,500 range. On the upside, a sustained move above $4,750 may strengthen momentum and push prices toward $4,850, with further upside potential toward $4,900. As long as prices hold above key support levels, the structure remains stable, with any meaningful recovery dependent on a decisive breakout above resistance levels.

MCX Gold Price Outlook:

A sustained move above Rs1,52,000, momentum can revive toward Rs1,53,000-Rs1,55,000. A decisive break below Rs1,50,000, the downside can extend toward Rs1,48,000-Rs1,47,000. The bias remains mildly positive, with macro factors offering support; however, momentum requires confirmation, and a decisive breakout above key resistance levels is needed to sustain the uptrend.

COMEX Silver Price Outlook

A sustained above $75, strength can build toward $78-$80. But a decisive break below $73, downside pressure can increase toward $71-$70, with deeper support at $68-$66.

MCX Silver Price Outlook

A breakout can push prices toward Rs2,45,000-Rs2,47,000. On the downside, a decisive break below Rs2,36,000, selling can accelerate toward Rs2,33,000-Rs2,30,000 range. Overall, the bias remains mildly positive, with macro factors underpinning the trend; however, momentum appears tentative and requires confirmation to sustain the uptrend

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