Gold, Silver Rate Today Live Updates: International gold prices edge down on renewed US-Iran tensions

1 Gm Gold 22 Kt - Rs 14,750

1 Gm Gold 24 Kt - Rs 16,090

Silver Per Kg: Rs 2,78,000.

Yesterday, gold squandered its intra-day gain of 1.3% to close with a loss of 0.24% at $4474 as Israel resumed its attacks in Lebanon and US hardened its stance on deal with Iran.

US Secretary of State Marco Rubio, in his yesterday's testimony to the Foreign Relations Committee, said that in order to get the US blockade removed, Iran must first open the Strait of Hormuz and commit to talks on Uranium that could happen in the second phase of agreement.

President Donald Trump wants written commitments from Iran on key aspects of its nuclear programme before moving ahead with a preliminary agreement.

US JOLTs job openings rose to 7.618 million in April 2026, the highest since November 2024 (forecast 6.88 million) highlighting labor market resilience, though hirings decreased.

Today, Kuwait’s International Airport has been hit by a barrage of missiles and drones, while Bahrain intercepted three missiles several drones targeting its civilian infrastructure.

Crude oil prices have jumped sharply on escalating Middle East tensions and Rubio's views that he wants Russian oil purchases waiver to end as soon as possible.

Today's US data include crucial data of ADP employment change (May) and ISM services (May).

Gold, currently down 0.74% at $4456, looks vulnerable on strong US data and surged in oil prices. A close below the key support at $4400 will open to March 23 low of $4099. Resistance is at $4550/$4600, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan

Silver spot (in Rs per kilo) : 262000.00

Standard gold (99.5) : 154642.00

Pure gold (99.9) : 155264.00

The Reserve Bank of India (RBI) on Wednesday dismissed reports suggesting that it had sold a portion of its gold reserves, stating that its physical gold holdings remain unchanged at 880.52 tonnes.

The clarification follows media reports that the central bank may have offloaded nearly USD 12 billion worth of gold in an effort to protect its foreign exchange reserves from the impact of the ongoing conflict in West Asia.

In an official statement, the RBI said such reports were inaccurate and stressed that there has been no reduction in its physical gold stock.
The central bank also urged the public to rely on information released through its official channels for matters relating to its reserves and financial operations.

MCX Gold:

MCX Gold prices declined nearly 4% over the last two weeks amid a stronger US dollar and weakness in the Indian rupee. Currently, the August contract is trading around 159300. The key weekly support is placed at the 20-week EMA near 157380, while daily EMAs remain above current prices, indicating short-term bearish pressure. The overall trend remains moderately bearish, with major support seen at 157380–152700 and resistance placed at 163650–169000, says Kaveri More, Commodity Analyst Technical Research at Choice Broking.

MCX Silver:

MCX Silver continues to witness range-bound trading between 261000 and 277400. Despite the recent correction, silver has shown relative resilience compared to gold, with the Gold/Silver Ratio (Mint Ratio) hovering around 59–60. Going forward, silver is likely to remain sideways unless a decisive breakout occurs. Key support levels are placed at 261000–249300, while resistance is seen at 277400–299000.

MCX Crude Oil:

MCX Crude Oil has rebounded strongly after forming a low near 8205, with the June contract currently trading around 9075, up nearly 10% from recent lows. The recovery suggests improving bullish momentum, although prices are approaching an important resistance zone. Immediate support is seen at 8200–7840, while resistance is placed at 9230–9600. A sustained move above 9230 could open the door for further upside towards 9600--10100.

Gold prices edged lower in early morning trade as investors remained cautious amid ongoing geopolitical tensions in the Middle East and ahead of a key batch of US economic data that could offer further clarity on the Federal Reserve’s policy outlook.

Markets continued to monitor developments in the region after Israel maintained military operations in southern Lebanon, while Iran reportedly launched ballistic missiles toward Kuwait and Bahrain. Meanwhile, US forces conducted strikes on Iran’s Qeshm Island near the Strait of Hormuz, a strategically important route for nearly one-fifth of global oil flows. Although US and Iran had previously indicated progress toward a framework agreement to end hostilities, uncertainty persists as Iranian media suggested communication between the two sides has stalled, while President Trump maintained that negotiations remain active.

Elevated oil prices continue to fuel inflation concerns, limiting gold’s safe-haven appeal as traders increasingly price in the possibility of tighter monetary policy.

Meanwhile, US job openings unexpectedly rose in April, reinforcing expectations that the Fed could keep interest rates higher for longer. Gold also surrendered part of its earlier gains following the stronger labour market data. Looking ahead, markets will closely track the ADP employment report, ISM Services PMI and Factory Orders data due later today, while attention remains firmly on Friday’s US Non-Farm Payrolls report, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.

Gold and silver prices started Wednesday's session on a weaker note on the Multi Commodity Exchange (MCX), as escalating tensions in the Middle East pushed crude oil prices higher and renewed concerns that inflation could remain stubbornly elevated, potentially delaying any easing in interest rates.

In domestic trading, silver futures for July 2026 delivery slipped Rs 700 to Rs 2,66,011 per kilogram. Gold futures for August 2026 delivery also traded lower at Rs 1,59,342 per 10 grams. In the previous session, both precious metals had ended with modest gains, with silver advancing about 0.13%.

The geopolitical backdrop remained tense after the US military reported that missile attacks launched by Iran towards Bahrain, Kuwait and other regional locations were either intercepted or failed to reach their intended targets. The developments came at a time when diplomatic engagement between Washington and Tehran showed little sign of meaningful progress.

At the same time, crude oil prices rose more than 1% in early trade, raising fresh concerns that higher energy costs could feed inflation and make the interest-rate outlook more challenging for policymakers.

In global markets, spot gold fell 0.2% to $4,476.50 per ounce as of 0103 GMT, while US gold futures for August delivery declined 0.3% to $4,504.40 per ounce. Other precious metals also traded lower, with spot silver shedding 0.5% to $74.73 per ounce, platinum easing 0.2% to $1,932.25 per ounce and palladium declining 0.3% to $1,365.25 per ounce.

Gold prices recovered sharply in the national capital on Tuesday, crossing the Rs 1.61 lakh mark per 10 grams, as softer crude oil prices and a weaker US dollar renewed buying interest in the precious metal.

According to the All India Sarafa Association, gold of 99.9% purity rose by Rs 1,050 to Rs 1,61,450 per 10 grams, inclusive of taxes. The metal had settled at Rs 1,60,400 per 10 grams in the previous session.

Silver also posted gains, advancing Rs 1,300 to Rs 2,71,000 per kilogram from Monday's closing level of Rs 2,69,700 per kg.

Crude oil prices rose more than 1% in early trade, intensifying concerns that higher energy costs could fuel inflation and potentially lead to tighter monetary policy.

Investors are closely tracking upcoming US labour market data, including the nonfarm payrolls report due later in the day and the broader employment report scheduled for Friday, for clues on the Federal Reserve's next policy moves.

Swiss customs data released on Tuesday showed that Switzerland's gold exports fell 20% in April compared with the previous month. Lower shipments to Britain and China more than offset increased exports to India and Hong Kong.

India has tightened norms governing silver imports by bringing grain and powder forms of the metal under the restricted category and requiring importers to obtain prior authorisation. The move is aimed at curbing inflows and reducing pressure on the rupee.

Among other precious metals, spot silver fell 0.5% to $74.73 per ounce, platinum eased 0.2% to $1,932.25 per ounce, and palladium declined 0.3% to $1,365.25 per ounce.

Surendra Mehta, National Secretary of the India Bullion & Jewellers Association, said a significant portion of undeclared gold is being carried by travellers arriving from Gulf countries. In many cases, passengers bring the metal into the country by wearing it and then pass through airport green channels without declaring it to customs authorities.

The government has tightened rules governing silver imports, requiring all incoming shipments of the metal to be channelled through RBI-designated agencies, entities approved by the Directorate General of Foreign Trade (DGFT), and eligible jewellers authorised by the International Financial Services Centres Authority (IFSCA) through the India International Bullion Exchange (IIBX). Such imports will now require a valid authorisation issued by the DGFT.
The move comes as authorities continue efforts to curb non-essential imports amid the ongoing West Asia crisis. Last month, import duties on both gold and silver were increased to 15%. Meanwhile, silver imports surged 157% year-on-year in April, reaching $411 million.

In a notification issued on Tuesday, the DGFT clarified that imports of silver—including silver plated with gold or platinum—in unwrought, semi-manufactured, powder or grain form, as well as silver containing 99.9% or higher purity by weight, will be permitted only against a valid import licence. This condition applies to imports made through RBI-notified agencies in the case of banks, DGFT-approved agencies in other cases, and qualified jewellers authorised by the IFSCA for transactions routed through the IIBX wherever permitted.

India sources a substantial portion of its silver imports from the UAE, the UK and China, which remain the country's leading suppliers of the precious metal.

Gold prices edged lower on Wednesday as escalating tensions in the Middle East lifted crude oil prices, reinforcing concerns that inflationary pressures could persist and keep interest rates elevated for a longer period.

Spot gold slipped 0.2% to $4,476.50 per ounce by 0103 GMT, while US gold futures for August delivery declined 0.3% to $4,504.40 per ounce.

Fresh geopolitical tensions emerged in the Gulf after the US military said Iranian missile attacks targeting Bahrain, Kuwait and other locations in the region were either intercepted or failed to reach their objectives. The developments highlighted the lack of progress in diplomatic efforts between Washington and Tehran.