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- Gold, Silver Rate Today Live Updates: Gold prices rise from 1-month low as softer dollar leads to rebound in yellow metal
THE TIMES OF INDIA | Apr 30, 2026, 21:09:00 IST
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Gold, Silver Rate Today Live Updates: Gold prices rise from 1-month low as softer dollar leads to rebound in yellow metal
Gold, Silver Rate Today Live Updates: Despite the recent rise in global crude oil prices, gold prices have largely held steady. Gold prices rebounded in trade as dollar softened. The US Federal Reserve kept the interest rates unchanged. A rate cut is good for gold prices, which tend to rally in a low interest rate environment.
Investors widely expected the Federal Reserve to leave interest rates unchanged at the conclusion of its two-day policy meeting .
Gold and silver have delivered stellar returns over the last year but the rally has somewhat fizzled out in recent months, following a correction from lifetime highs and then the US-Iran war stoking inflation fears. Check this space for live updates on gold, silver prices:
Investors widely expected the Federal Reserve to leave interest rates unchanged at the conclusion of its two-day policy meeting .
Gold and silver have delivered stellar returns over the last year but the rally has somewhat fizzled out in recent months, following a correction from lifetime highs and then the US-Iran war stoking inflation fears. Check this space for live updates on gold, silver prices:
LIVE RATES · INDIA
4:14:06 pm
21:09 (IST) Apr 30
Gold, Silver Rate Today Live Updates: Gold, silver rates rise as Fed holds rates, signals hawkish pause
Analysts said precious metals gained in global markets after the US Fed maintained a status quo on rates for the third straight meeting, supporting domestic metal prices.
In the overseas market, Comex silver futures for June gained USD 1.79, or 2.49 per cent, to USD 73.88 per ounce in New York.
The US central bank said, "In support of its goals, the committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 per cent.
Umesh Sharma, CIO- Debt at The Wealth Company, said the Federal Open Market Committee delivered a widely expected hawkish pause, keeping the policy rate unchanged while reinforcing its inflation-first stance.
He said the decision suggests policymakers remain concerned over stalled disinflation and upside risks arising from factors such as energy prices.
19:45 (IST) Apr 30
Silver Rate Today Live Updates: Silver rallies Rs 7,100 to Rs 2.4 lakh/kg in futures trade on strong global trends
Silver prices surged by Rs 7,100 to Rs 2.40 lakh per kg in futures trade on Thursday amid firm trends in the international markets after the US Federal Reserve kept its benchmark interest rates unchanged.
On the Multi Commodity Exchange, the May contract of the metal soared by Rs 7,100, or 3.04 per cent, to Rs 2,40,300 per kilogram in a business turnover of 509 lots.
Similarly, the July contract also advanced by Rs 5,488, or 2.3 per cent, to Rs 2,43,742 per kg in 7,635 lots. (PTI)
18:35 (IST) Apr 30
Gold Rate Today Live Updates: Gold rebounds Rs 2,000 to Rs 1.54 lakh/10g on weak US dollar
Gold prices rebounded by Rs 2,000 to Rs 1.54 lakh per 10 grams in the national capital on Thursday, tracking firm trends in global markets and a weak US dollar.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped Rs 2,000, or 1.31 per cent, to Rs 1,54,800 per 10 grams (inclusive of all taxes). It had closed at Rs 1,52,800 per 10 grams in the previous session.
"Gold rebounded from a one-month low, posting modest gains on Friday as a softer US dollar and easing Treasury bond yields provided near-term support," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. (PTI)
17:21 (IST) Apr 30
Gold Rate Today: RBI announces SGB premature redemption date
Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond 2019-20 Series VI, which was originally issued on October 30, 2019. Investors holding this tranche can opt for early redemption from April 30, 2026. As per RBI guidelines, premature redemption is allowed after the completion of five years from the date of issue, provided it falls on an interest payment date.
The redemption amount is calculated using the simple average of the closing prices of 999-purity gold published by the India Bullion and Jewellers Association over the previous three working days.
For the redemption date of April 30, 2026, the RBI has fixed the price at Rs 14,931 per unit. This valuation is based on the average closing price of gold on April 27, April 28, and April 29, 2026.
The bond was initially issued at Rs 3,785 per gram for online subscribers. At the current redemption price, it offers an absolute return of nearly 295%, excluding the interest earned over the holding period, according to an ET report.
As a result, an investment of Rs 1 lakh made at the time of issuance would now be worth roughly Rs 3.95 lakh at the time of premature redemption, excluding the semi-annual interest earned during the holding period.
The redemption amount is calculated using the simple average of the closing prices of 999-purity gold published by the India Bullion and Jewellers Association over the previous three working days.
For the redemption date of April 30, 2026, the RBI has fixed the price at Rs 14,931 per unit. This valuation is based on the average closing price of gold on April 27, April 28, and April 29, 2026.
The bond was initially issued at Rs 3,785 per gram for online subscribers. At the current redemption price, it offers an absolute return of nearly 295%, excluding the interest earned over the holding period, according to an ET report.
As a result, an investment of Rs 1 lakh made at the time of issuance would now be worth roughly Rs 3.95 lakh at the time of premature redemption, excluding the semi-annual interest earned during the holding period.
16:13 (IST) Apr 30
Gold Rate Today: COMEX gold is hovering near $4600–$4620
“Gold traded weak, declining around ₹900 to ₹149100, as continued profit booking and rising crude-led inflation concerns kept pressure on prices. Higher oil prices are reinforcing expectations that the US Fed may maintain a tighter stance, which supports the dollar and limits upside in gold.
COMEX gold is hovering near $4600–$4620, facing resistance at higher levels, indicating a lack of strong buying momentum.
Market participants are now closely watching the US Fed policy decision and commentary, which will be crucial in shaping the outlook for interest rates amid ongoing US–Iran uncertainty. In the near term, gold is expected to remain volatile and range-bound, with support near ₹148000 and resistance around ₹152000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
COMEX gold is hovering near $4600–$4620, facing resistance at higher levels, indicating a lack of strong buying momentum.
Market participants are now closely watching the US Fed policy decision and commentary, which will be crucial in shaping the outlook for interest rates amid ongoing US–Iran uncertainty. In the near term, gold is expected to remain volatile and range-bound, with support near ₹148000 and resistance around ₹152000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
16:13 (IST) Apr 30
Gold Rate Today: Gold up as dollar and yields retreat
Spot gold, after falling to $4510-- lowest level in a month, -- is recovering on April 30 as US yields and Dollar are slightly subdued. The Us President Trump is reportedly set to receive a briefing on new military options for action in Iran.
Today, Crude oil prices retreated from its intra-day high, which is also helping the metal. Overnight FOMC's monetary policy decision was in line with the expectations. The Committee kept the benchmark rate steady at 3.50%-3.75% as it cited inflation risks. The Fed decision was marked with the dissent by four members, 3 of which backed the exclusion of language that signals a rate cut in future.
Gold, currently trading at $4624,up by 1.75% for the day, is expected to consolidate in $4500-$4700 range in short term. Outlook remains bearish, says Praveen Singh, Research analyst at Mirae Asset ShareKhan.
Today, Crude oil prices retreated from its intra-day high, which is also helping the metal. Overnight FOMC's monetary policy decision was in line with the expectations. The Committee kept the benchmark rate steady at 3.50%-3.75% as it cited inflation risks. The Fed decision was marked with the dissent by four members, 3 of which backed the exclusion of language that signals a rate cut in future.
Gold, currently trading at $4624,up by 1.75% for the day, is expected to consolidate in $4500-$4700 range in short term. Outlook remains bearish, says Praveen Singh, Research analyst at Mirae Asset ShareKhan.
13:47 (IST) Apr 30
Gold Rate Today: Physical demand strong
While the US Federal Reserve and the outlook for US monetary policy remain focal points for the gold market, external factors – the Iran war and its impact on energy prices – seem like the more relevant short-term drivers. Short-term price swings are driven by speculative traders in the paper market rather than safe-haven seekers in the physical market. Despite the wild ride in the first quarter, physical demand stayed very sound, providing the structural foundation of our long-term Constructive view. The dust of the recent shocks needs some more time to settle, leaving paper market volatility as a constant companion, says Carsten Menke, Head Next Generation Research, Julius Baer.
12:37 (IST) Apr 30
Gold Rate Today: Chennai opening bullion rates on Thursday
1 Gm Gold 22 Kt: Rs 13,900.00
1 Gm Gold 18 Kt: Rs 11,575.00
1 Gm Silver: Rs 260.00
1 Gm Gold 18 Kt: Rs 11,575.00
1 Gm Silver: Rs 260.00
11:41 (IST) Apr 30
Gold Rate Today: What should traders do?
Manoj Kumar Jain of Prithvi Finmart told ET that silver is likely to find strong support near $68 per troy ounce, while gold could maintain a key support level around $4,470 per troy ounce on a weekly closing basis.
He expects both gold and silver to remain highly volatile this week, driven by movements in the dollar index and crude oil prices, as well as ongoing uncertainty surrounding major US economic data releases and developments in the US-Iran situation.
Jain noted that gold is likely to receive support in the $4,522-$4,470 per troy ounce range, while resistance is expected between $4,600 and $4,640 per troy ounce. For silver, immediate support is seen in the $70-$68 range, whereas resistance is likely to emerge between $74.40 and $76.60 per troy ounce during the current session.
In the domestic market, he sees MCX gold finding support between Rs 1,48,400 and Rs 1,47,700, with resistance placed in the Rs 1,49,800-Rs 1,50,500 zone. MCX silver is expected to find support in the Rs 2,35,500-Rs 2,33,000 range, while resistance is projected between Rs 2,41,000 and Rs 2,44,400.
He recommends that investors avoid taking fresh positions until market conditions become more stable.
He expects both gold and silver to remain highly volatile this week, driven by movements in the dollar index and crude oil prices, as well as ongoing uncertainty surrounding major US economic data releases and developments in the US-Iran situation.
Jain noted that gold is likely to receive support in the $4,522-$4,470 per troy ounce range, while resistance is expected between $4,600 and $4,640 per troy ounce. For silver, immediate support is seen in the $70-$68 range, whereas resistance is likely to emerge between $74.40 and $76.60 per troy ounce during the current session.
In the domestic market, he sees MCX gold finding support between Rs 1,48,400 and Rs 1,47,700, with resistance placed in the Rs 1,49,800-Rs 1,50,500 zone. MCX silver is expected to find support in the Rs 2,35,500-Rs 2,33,000 range, while resistance is projected between Rs 2,41,000 and Rs 2,44,400.
He recommends that investors avoid taking fresh positions until market conditions become more stable.
10:39 (IST) Apr 30
Gold Rate Today: MCX Gold, MCX Silver rise in opening trade
Gold and silver prices opened marginally higher on the Multi Commodity Exchange (MCX) on Thursday, rebounding after recent weakness. The recovery was largely driven by bargain buying following an oversold phase. However, gains remained limited as persistently high crude oil prices continued to raise concerns about inflation and the possibility of interest rates staying elevated for longer.
On Wednesday, the US Federal Reserve left benchmark interest rates unchanged. Yet, in its most divided policy decision since 1992, the central bank acknowledged mounting inflationary pressures. Three policymakers dissented, signalling their opposition to language that suggested a continued inclination toward lower borrowing costs.
The Fed’s stance has prompted a significant shift in market expectations. Traders are no longer anticipating any rate cuts this year. In fact, the probability of a rate hike by March 2027 has risen sharply to 30%, compared with just around 5% a day earlier.
In the domestic commodities market, MCX silver futures for July 2026 delivery climbed Rs 2,700, or 1%, to Rs 2,40,908 per kilogram. Gold futures for June 2026 delivery were largely unchanged, trading at Rs 1,49,526 per 10 grams.
On Wednesday, the US Federal Reserve left benchmark interest rates unchanged. Yet, in its most divided policy decision since 1992, the central bank acknowledged mounting inflationary pressures. Three policymakers dissented, signalling their opposition to language that suggested a continued inclination toward lower borrowing costs.
The Fed’s stance has prompted a significant shift in market expectations. Traders are no longer anticipating any rate cuts this year. In fact, the probability of a rate hike by March 2027 has risen sharply to 30%, compared with just around 5% a day earlier.
In the domestic commodities market, MCX silver futures for July 2026 delivery climbed Rs 2,700, or 1%, to Rs 2,40,908 per kilogram. Gold futures for June 2026 delivery were largely unchanged, trading at Rs 1,49,526 per 10 grams.
09:21 (IST) Apr 30
Gold Rate Today: Gold demand rises
According to the World Gold Council, global gold demand increased 2% year-on-year to 1,230.9 metric tonnes in the first quarter of 2026. Strong buying of gold bars and coins, along with a 3% rise in central bank purchases, more than compensated for a 23% drop in jewellery demand.
08:26 (IST) Apr 30
Gold Rate Today: Gold prices rebound from 1-month low
Gold prices recovered on Thursday after slipping to a one-month low in the previous session, aided by a weaker US dollar. However, persistently high crude oil prices continued to stoke concerns about inflation, reinforcing expectations that interest rates may remain elevated for longer.
Spot gold rose 0.6% to $4,566.73 per ounce as of 0105 GMT, rebounding after dropping to its lowest level since March 31 on Wednesday.
The softer dollar provided support by making dollar-denominated bullion more affordable for buyers using other currencies.
Spot gold rose 0.6% to $4,566.73 per ounce as of 0105 GMT, rebounding after dropping to its lowest level since March 31 on Wednesday.
The softer dollar provided support by making dollar-denominated bullion more affordable for buyers using other currencies.
07:34 (IST) Apr 30
Gold Rate Today: Preferred safe-haven asset
Central banks remained a major pillar of support for the market, adding 244 tonnes to their reserves during the quarter. This was higher than both the previous quarter and the five-year average, despite some sales by a handful of institutions.
On the supply side, total gold supply also rose 2% year-on-year to 1,231 tonnes. Mine output reached a record high for a first quarter, while recycled gold supply increased a modest 5%, suggesting that elevated prices have not yet triggered a substantial rise in recycling activity.
According to the World Gold Council, heightened geopolitical uncertainty and increased price volatility continued to boost investment demand, particularly across Asia, further cementing gold’s status as a preferred safe-haven asset.
On the supply side, total gold supply also rose 2% year-on-year to 1,231 tonnes. Mine output reached a record high for a first quarter, while recycled gold supply increased a modest 5%, suggesting that elevated prices have not yet triggered a substantial rise in recycling activity.
According to the World Gold Council, heightened geopolitical uncertainty and increased price volatility continued to boost investment demand, particularly across Asia, further cementing gold’s status as a preferred safe-haven asset.
06:01 (IST) Apr 30
Gold Rate Today: Jewellery demand drops
Jewellery demand has weakened significantly. Global consumption fell 23% year-on-year to 300 tonnes as high prices curbed purchases across key markets such as China, India and the Middle East, according to World Gold Council.
The report observed that some of this decline reflects a move toward investment products like bars and coins, especially in regions where gold jewellery traditionally serves as a form of household savings.
Despite lower volumes, the total value of jewellery demand still increased, indicating that consumers continued to spend even as they bought less by weight.
The report observed that some of this decline reflects a move toward investment products like bars and coins, especially in regions where gold jewellery traditionally serves as a form of household savings.
Despite lower volumes, the total value of jewellery demand still increased, indicating that consumers continued to spend even as they bought less by weight.
04:29 (IST) Apr 30
Gold Rate Today: Demand for gold coins and bars surges
A new World Gold Council report noted that elevated prices, combined with gold’s appeal as a safe-haven asset, encouraged greater retail participation. Demand for gold bars and coins surged 42% to 474 tonnes compared with the same period last year.
China was the biggest driver of this growth, with bar and coin demand jumping 67% to a record 207 tonnes. Other Asian markets, including India, South Korea and Japan, also posted strong gains, pointing to a broader and more lasting shift in buying patterns.
A similar trend emerged in Western markets. Bar and coin demand rose 14% in the United States and climbed 50% in Europe. Meanwhile, physically backed gold exchange-traded funds recorded net inflows of 62 tonnes, largely supported by Asian-listed funds, although withdrawals from US-listed funds in March tempered the pace of gains.
China was the biggest driver of this growth, with bar and coin demand jumping 67% to a record 207 tonnes. Other Asian markets, including India, South Korea and Japan, also posted strong gains, pointing to a broader and more lasting shift in buying patterns.
A similar trend emerged in Western markets. Bar and coin demand rose 14% in the United States and climbed 50% in Europe. Meanwhile, physically backed gold exchange-traded funds recorded net inflows of 62 tonnes, largely supported by Asian-listed funds, although withdrawals from US-listed funds in March tempered the pace of gains.
03:00 (IST) Apr 30
Gold Rate Today: Gold for investment not jewellery?
The World Gold Council’s Q1 2026 Gold Demand Trends report shows that soaring gold prices and rising geopolitical tensions are reshaping global demand, with investors increasingly favouring gold as an investment rather than for jewellery. Even so, overall demand has remained broadly steady.
Including over-the-counter transactions, total gold demand edged up 2% from a year earlier to 1,231 tonnes during the January–March quarter. In value terms, however, demand soared 74% year-on-year to an all-time high of $193 billion, driven by the sharp increase in gold prices.
Including over-the-counter transactions, total gold demand edged up 2% from a year earlier to 1,231 tonnes during the January–March quarter. In value terms, however, demand soared 74% year-on-year to an all-time high of $193 billion, driven by the sharp increase in gold prices.
01:32 (IST) Apr 30
Gold Rate Today: India’s Gold demand climbs
Data from the World Gold Council shows that India’s gold demand climbed 10% year-on-year to 151 tonnes during the January-March quarter, supported by robust investment demand despite elevated prices.
On Wednesday, market participants remained cautious as escalating energy prices, driven by tensions in West Asia, threatened to keep inflation elevated. This, in turn, could compel central banks to maintain tight monetary policies for a longer period.
On Wednesday, market participants remained cautious as escalating energy prices, driven by tensions in West Asia, threatened to keep inflation elevated. This, in turn, could compel central banks to maintain tight monetary policies for a longer period.
00:00 (IST) Apr 30
Gold Rate Today: Gold prices dropped in Delhi on Wednesday
Gold prices in Delhi retreated by Rs 1,500 on Wednesday, with rates slipping to Rs 1.52 lakh per 10 grams as investors booked profits. The decline came amid mounting worries that rising crude oil prices could stoke inflation ahead of the US Federal Reserve’s policy announcement.
Silver, however, edged higher. According to the All India Sarafa Association, the metal gained Rs 500 to reach Rs 2,44,500 per kilogram, inclusive of taxes, compared with Tuesday’s closing level of Rs 2,44,000 per kg.
The price of 99.9% pure gold fell by Rs 1,500, or about 1%, to Rs 1,52,800 per 10 grams, inclusive of taxes. In the previous session, it had ended at Rs 1,54,300 per 10 grams.
Silver, however, edged higher. According to the All India Sarafa Association, the metal gained Rs 500 to reach Rs 2,44,500 per kilogram, inclusive of taxes, compared with Tuesday’s closing level of Rs 2,44,000 per kg.
The price of 99.9% pure gold fell by Rs 1,500, or about 1%, to Rs 1,52,800 per 10 grams, inclusive of taxes. In the previous session, it had ended at Rs 1,54,300 per 10 grams.
22:16 (IST) Apr 29
Gold Rate Today: Spot gold and silver rates
In global markets, spot gold declined by USD 23.31, or 0.51%, to USD 4,573.75 an ounce. Silver also weakened, trading 0.18% lower at USD 72.99 per ounce.
22:15 (IST) Apr 29
Gold Rate Today: Market participants are now closely watching the US Fed policy decision
“Gold traded weak, declining around ₹900 to ₹149100, as continued profit booking and rising crude-led inflation concerns kept pressure on prices. Higher oil prices are reinforcing expectations that the US Fed may maintain a tighter stance, which supports the dollar and limits upside in gold.
COMEX gold is hovering near $4600–$4620, facing resistance at higher levels, indicating a lack of strong buying momentum.
Market participants are now closely watching the US Fed policy decision and commentary, which will be crucial in shaping the outlook for interest rates amid ongoing US–Iran uncertainty. In the near term, gold is expected to remain volatile and range-bound, with support near ₹148000 and resistance around ₹152000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
COMEX gold is hovering near $4600–$4620, facing resistance at higher levels, indicating a lack of strong buying momentum.
Market participants are now closely watching the US Fed policy decision and commentary, which will be crucial in shaping the outlook for interest rates amid ongoing US–Iran uncertainty. In the near term, gold is expected to remain volatile and range-bound, with support near ₹148000 and resistance around ₹152000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
20:24 (IST) Apr 29
Gold Rate Today: Closing bullion rates on Wednesday
1 Gm Gold 22 Kt - Rs 14,290
1 Gm Gold 24 Kt - Rs 15,590
Silver Per Kg: Rs 2,54,400.
1 Gm Gold 24 Kt - Rs 15,590
Silver Per Kg: Rs 2,54,400.
17:31 (IST) Apr 29
Gold Rate Today: Long-term outlook bullish
"Gold may not immediately surge to $5,000, as ongoing geopolitical tensions in West Asia continue to weigh on investor sentiment. However, the long‑term outlook remains firmly bullish, supported by strong fundamentals such as central bank demand, inflationary pressures, and limited supply growth. While short‑term volatility is inevitable, gold’s role as a safe‑haven asset ensures that it will remain a cornerstone of wealth preservation, with potential for significant upside once global uncertainties ease,” says Hareesh V, Head of Commodity Research, Geojit Investments Limited.
16:27 (IST) Apr 29
Gold Rate Today: Gold under pressure ahead of the Fed decision
Yesterday, spot gold slumped nearly 2.5% to $4695 on surge in oil prices that continues to stoke inflation concerns. The US Dollar Index and yields are edging higher as crude oil is extending its recent gains.
The US President Trump has ordered to prepare for extended blockade of the Strait of Hormuz as US and Iran remain wide apart on key issues including nuclear enrichment.
Bank of Canada and the US Federal Reserve will announce their monetary policies tonight.
The Fed is expected to keep rates steady. The Central Bank signalling rate cuts are off the table this year will further weigh on commodities prices.
The yellow metal, currently 0.60% lower at $4569, is vulnerable after falling through $4600 support. Bears eye a test of $4470-$4480 zone. Interim support is at $4550/$4500. Resistance is at $4610/4670, says Praveen Singh, Research analyst at Mirae Asset ShareKhan.
The US President Trump has ordered to prepare for extended blockade of the Strait of Hormuz as US and Iran remain wide apart on key issues including nuclear enrichment.
Bank of Canada and the US Federal Reserve will announce their monetary policies tonight.
The Fed is expected to keep rates steady. The Central Bank signalling rate cuts are off the table this year will further weigh on commodities prices.
The yellow metal, currently 0.60% lower at $4569, is vulnerable after falling through $4600 support. Bears eye a test of $4470-$4480 zone. Interim support is at $4550/$4500. Resistance is at $4610/4670, says Praveen Singh, Research analyst at Mirae Asset ShareKhan.
15:20 (IST) Apr 29
Gold Rate Today: Global uncertainty aids price rise
According to Gaurav Garg, Research Analyst at Lemonn Markets Desk, gold prices posted modest gains on Wednesday, aided by persistent geopolitical uncertainty and weakness in the dollar.
In international markets, Comex gold futures for June delivery advanced 0.16 per cent to $4,615.69 per ounce in New York.
In international markets, Comex gold futures for June delivery advanced 0.16 per cent to $4,615.69 per ounce in New York.
14:26 (IST) Apr 29
Gold Rate Today: MCX Gold futures edge up
Gold prices edged up in futures trading on Wednesday, with the metal hovering around Rs 1.50 lakh per 10 grams, as investors adopted a cautious stance ahead of the US Federal Reserve’s policy announcement.
On the Multi Commodity Exchange (MCX), the actively traded June gold contract rose by Rs 93, or 0.06 per cent, to Rs 1,50,120 per 10 grams. Trading activity remained strong, with a turnover of 9,067 lots.
Analysts said gold continued to draw support from a softer US dollar and lingering geopolitical tensions in West Asia. However, the upside remained limited due to elevated crude oil prices.
They also noted that the Federal Open Market Committee’s meeting later in the day carries added significance, as it will be the final one chaired by Jerome Powell. As a result, both the policy statement and Powell’s remarks after the meeting are expected to be closely watched by bullion investors.
On the Multi Commodity Exchange (MCX), the actively traded June gold contract rose by Rs 93, or 0.06 per cent, to Rs 1,50,120 per 10 grams. Trading activity remained strong, with a turnover of 9,067 lots.
Analysts said gold continued to draw support from a softer US dollar and lingering geopolitical tensions in West Asia. However, the upside remained limited due to elevated crude oil prices.
They also noted that the Federal Open Market Committee’s meeting later in the day carries added significance, as it will be the final one chaired by Jerome Powell. As a result, both the policy statement and Powell’s remarks after the meeting are expected to be closely watched by bullion investors.
13:26 (IST) Apr 29
Gold Rate Today: Mumbai bullion opening rates
Silver spot (in Rs per kilo) : 238911.00
Standard gold (99.5) : 148225.00
Pure gold (99.9) : 148821.00
Standard gold (99.5) : 148225.00
Pure gold (99.9) : 148821.00
12:17 (IST) Apr 29
Gold Rate Today: Global gold demand reaches all-time high
According to the World Gold Council, the total gold demand in Q1, including over-the-counter transactions, rose 2 per cent from a year earlier to 1,231 tonnes. Although the increase in volume was relatively modest, the sharp rise in gold prices pushed the overall value of quarterly demand up by 74 per cent, taking it to a record US$193 billion.
Investment demand for bars and coins was especially strong. At 474 tonnes, it was up 42 per cent year-on-year, marking the second-highest quarterly level ever recorded. Investors in Asia were the primary drivers of this surge, with robust buying across gold investment products.
Gold-backed exchange-traded funds also continued to attract inflows during the quarter, adding 62 tonnes. However, this pace was slower than in the first quarter of 2025, when inflows had reached 230 tonnes, partly due to substantial outflows from U.S.-based funds in March.
High gold prices weighed on jewellery demand in volume terms, which declined 23 per cent compared with the same period last year. Even so, consumer spending on jewellery increased by 31 per cent, indicating that appetite for gold jewellery remained resilient despite elevated prices.
Central banks remained active buyers, purchasing a net 244 tonnes of gold in the quarter, up 3 per cent year-on-year. This came even as gold sales by some institutions picked up during the period.
Demand for gold in the technology sector also saw a slight increase. Usage rose 1 per cent to 82 tonnes, supported largely by ongoing expansion in AI-related infrastructure.
Investment demand for bars and coins was especially strong. At 474 tonnes, it was up 42 per cent year-on-year, marking the second-highest quarterly level ever recorded. Investors in Asia were the primary drivers of this surge, with robust buying across gold investment products.
Gold-backed exchange-traded funds also continued to attract inflows during the quarter, adding 62 tonnes. However, this pace was slower than in the first quarter of 2025, when inflows had reached 230 tonnes, partly due to substantial outflows from U.S.-based funds in March.
High gold prices weighed on jewellery demand in volume terms, which declined 23 per cent compared with the same period last year. Even so, consumer spending on jewellery increased by 31 per cent, indicating that appetite for gold jewellery remained resilient despite elevated prices.
Central banks remained active buyers, purchasing a net 244 tonnes of gold in the quarter, up 3 per cent year-on-year. This came even as gold sales by some institutions picked up during the period.
Demand for gold in the technology sector also saw a slight increase. Usage rose 1 per cent to 82 tonnes, supported largely by ongoing expansion in AI-related infrastructure.
10:56 (IST) Apr 29
Gold Rate Today: Gold, silver prices rise
Gold and silver prices edged up slightly at the opening on the Multi Commodity Exchange (MCX) of India on Wednesday, as investors looked ahead to remarks from US Federal Reserve Chair Jerome Powell. Market participants are seeking guidance on the potential economic impact of the Iran conflict, particularly as peace talks remain at an impasse.
The US Federal Reserve is broadly expected to leave interest rates unchanged when its two-day policy meeting concludes later today. Meanwhile, attempts to find a resolution to the Iran conflict have made little headway, with US President Donald Trump reportedly unhappy with Tehran’s latest proposal.
On the domestic bourse, MCX silver futures for May 2026 delivery rose by Rs 1,258, or 0.5%, to Rs 2,38,018 per kilogram. Gold futures for June 2026 delivery were largely steady at Rs 1,50,096 per 10 grams. In the previous trading session, both precious metals had finished on a flat note.
The US Federal Reserve is broadly expected to leave interest rates unchanged when its two-day policy meeting concludes later today. Meanwhile, attempts to find a resolution to the Iran conflict have made little headway, with US President Donald Trump reportedly unhappy with Tehran’s latest proposal.
On the domestic bourse, MCX silver futures for May 2026 delivery rose by Rs 1,258, or 0.5%, to Rs 2,38,018 per kilogram. Gold futures for June 2026 delivery were largely steady at Rs 1,50,096 per 10 grams. In the previous trading session, both precious metals had finished on a flat note.
10:07 (IST) Apr 29
Gold Rate Today: Factors driving gold prices
Gold prices fell sharply in yesterday’s session hitting their lowest levels in nearly a month as a stronger US dollar and rising oil prices weighed on sentiment, while investors braced for a packed week of global central bank decisions. The uptick in crude came after reports that US President Trump was dissatisfied with Iran’s latest proposal, which suggested reopening the Strait of Hormuz while delaying discussions on its nuclear program, keeping negotiations at a stalemate. With the Strait—through which nearly 20% of global crude flows—remaining largely shut, oil prices stayed elevated, intensifying fears of an energy-driven inflation shock.
This has raised expectations that central banks could maintain a higher-for-longer rate stance or even consider hikes, a negative for non-yielding assets like gold. Additional pressure came from reports that the UAE may exit the OPEC+ framework, creating uncertainty around future supply dynamics.
On the policy front, the BOJ held rates steady at 0.75% but delivered a hawkish signal with rising dissent for hikes, while focus now shifts to upcoming decisions from the Federal Reserve, European Central Bank, and Bank of England. Key data this week includes US GDP, inflation, and durable goods orders, following slightly stronger consumer confidence, says Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.
This has raised expectations that central banks could maintain a higher-for-longer rate stance or even consider hikes, a negative for non-yielding assets like gold. Additional pressure came from reports that the UAE may exit the OPEC+ framework, creating uncertainty around future supply dynamics.
On the policy front, the BOJ held rates steady at 0.75% but delivered a hawkish signal with rising dissent for hikes, while focus now shifts to upcoming decisions from the Federal Reserve, European Central Bank, and Bank of England. Key data this week includes US GDP, inflation, and durable goods orders, following slightly stronger consumer confidence, says Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.
09:08 (IST) Apr 29
Gold Rate Today: COMEX gold is facing resistance near $4800–$4850
“Gold traded weak on Tuesday declining around ₹1500 to ₹150150, as rising crude prices continue to push inflation expectations higher, reducing the likelihood of any near-term dovish stance from the US Fed. With oil-led inflation, markets are now pricing a “higher-for-longer” interest rate scenario, which is weighing on gold as a non-yielding asset.
COMEX gold is facing resistance near $4800–$4850 and currently trading closer to $4610, indicating selling pressure at higher levels.
Focus remains on this week’s US Fed policy decision, where commentary on inflation and rates will be crucial, along with ongoing US–Iran ceasefire developments, which continue to keep volatility elevated.
In the near term, gold is expected to trade within a range of ₹148000–₹152000, with a cautious and volatile bias,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
COMEX gold is facing resistance near $4800–$4850 and currently trading closer to $4610, indicating selling pressure at higher levels.
Focus remains on this week’s US Fed policy decision, where commentary on inflation and rates will be crucial, along with ongoing US–Iran ceasefire developments, which continue to keep volatility elevated.
In the near term, gold is expected to trade within a range of ₹148000–₹152000, with a cautious and volatile bias,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
08:08 (IST) Apr 29
Gold Rate Today: Gold down from record peak
Gold has retreated sharply from its record peak, declining by nearly 26 per cent, or around Rs 53,000 per 10 grams, from its all-time high of Rs 2,02,984 on the MCX. In recent sessions, the metal has largely moved within a narrow range, with the absence of fresh catalysts keeping prices directionless.
Although gold has recovered from its recent lows, it has found it difficult to hold above near-term resistance levels, suggesting that selling pressure continues to emerge at higher levels.
According to Jateen Trivedi, Vice President and Research Analyst at LKP Securities, the immediate resistance zone is placed between Rs 1,52,500 and Rs 1,53,000. A stronger hurdle lies higher at Rs 1,55,500.
On the downside, initial support is seen at Rs 1,50,000, while a more significant support level is positioned at Rs 1,48,500.
Based on the current technical setup, gold appears to be trading within a defined range, though the bias remains tilted to the downside. This market structure, he said, supports a strategy of selling on rallies rather than chasing prices higher.
Although gold has recovered from its recent lows, it has found it difficult to hold above near-term resistance levels, suggesting that selling pressure continues to emerge at higher levels.
According to Jateen Trivedi, Vice President and Research Analyst at LKP Securities, the immediate resistance zone is placed between Rs 1,52,500 and Rs 1,53,000. A stronger hurdle lies higher at Rs 1,55,500.
On the downside, initial support is seen at Rs 1,50,000, while a more significant support level is positioned at Rs 1,48,500.
Based on the current technical setup, gold appears to be trading within a defined range, though the bias remains tilted to the downside. This market structure, he said, supports a strategy of selling on rallies rather than chasing prices higher.
08:08 (IST) Apr 29
Silver Rate Today: Spot silver rises marginally
Spot silver gained 0.1 per cent to $73.12 per ounce. Platinum also rose 0.1 per cent to $1,942.60, while palladium slipped 0.1 per cent to $1,459.14 per ounce.
08:08 (IST) Apr 29
Gold Rate Today: Energy price concerns
The World Bank has warned that energy prices could jump 24 per cent in 2026, potentially reaching their highest levels since Russia’s full-scale invasion of Ukraine, assuming the most severe disruptions linked to the Middle East conflict persist through May.
Oil prices climbed nearly 3 per cent on Tuesday, as ongoing concerns over supply disruptions caused by the closure of the Strait of Hormuz outweighed market reaction to the UAE’s decision to exit OPEC and OPEC+.
Oil prices climbed nearly 3 per cent on Tuesday, as ongoing concerns over supply disruptions caused by the closure of the Strait of Hormuz outweighed market reaction to the UAE’s decision to exit OPEC and OPEC+.
08:07 (IST) Apr 29
Gold Rate Today: Gold in domestic market yesterday
According to Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, gold touched a three-week low on Tuesday as surging energy prices reignited inflation worries. This, in turn, strengthened expectations that interest rates could remain elevated for a longer period.
He noted that rising inflation expectations have reinforced the likelihood of a more hawkish monetary policy stance, pushing bond yields higher. Higher yields tend to reduce the appeal of non-interest-bearing assets such as gold, thereby exerting further pressure on prices.
Gandhi also pointed out that traders were cutting back their holdings ahead of crucial central bank announcements, particularly the upcoming decision from the US Federal Reserve, which added to the downward momentum.
He noted that rising inflation expectations have reinforced the likelihood of a more hawkish monetary policy stance, pushing bond yields higher. Higher yields tend to reduce the appeal of non-interest-bearing assets such as gold, thereby exerting further pressure on prices.
Gandhi also pointed out that traders were cutting back their holdings ahead of crucial central bank announcements, particularly the upcoming decision from the US Federal Reserve, which added to the downward momentum.
08:07 (IST) Apr 29
Gold Rate Today: Gold steady in global markets
Gold prices were largely unchanged on Wednesday as investors adopted a cautious stance ahead of comments from US Federal Reserve Chair Jerome Powell.
In the spot market, gold edged up 0.1 per cent to $4,598.45 an ounce as of 0055 GMT. This followed a decline in the previous session, when prices touched their lowest level since April 2.
US gold futures for June delivery also moved slightly higher, rising 0.1 per cent to $4,612.10 per ounce.
In the spot market, gold edged up 0.1 per cent to $4,598.45 an ounce as of 0055 GMT. This followed a decline in the previous session, when prices touched their lowest level since April 2.
US gold futures for June delivery also moved slightly higher, rising 0.1 per cent to $4,612.10 per ounce.
Gold, Silver Rate Today Live Updates: Commodity and gold market participants are looking for clues on how the ongoing conflict involving Iran could affect the global economy, especially as diplomatic efforts remain stalled.
Attempts to resolve the Iran conflict remain deadlocked. US President Donald Trump has expressed dissatisfaction with Tehran’s latest proposal, stating that Iran had indicated it was in a state of collapse and was still trying to determine its leadership direction.
Meanwhile, demand from China, which is the world’s largest gold consumer, remained firm. Data from Hong Kong’s Census and Statistics Department showed that China’s net gold imports via Hong Kong rose to 47.866 metric tonnes in March, up from 46.249 tonnes in February.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Attempts to resolve the Iran conflict remain deadlocked. US President Donald Trump has expressed dissatisfaction with Tehran’s latest proposal, stating that Iran had indicated it was in a state of collapse and was still trying to determine its leadership direction.
Meanwhile, demand from China, which is the world’s largest gold consumer, remained firm. Data from Hong Kong’s Census and Statistics Department showed that China’s net gold imports via Hong Kong rose to 47.866 metric tonnes in March, up from 46.249 tonnes in February.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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