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Gold, Silver Rate Today Live Updates: Precious metals tumble after Trump's remarks; silver crashes 5.5%, gold slips over 1% on MCX

Gold, Silver Rate Today Live Updates: Where are gold, and silver prices headed in the coming weeks? Gold has declined by more than...

The Times of India | Apr 02, 2026, 23:37:47 IST

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23:37 (IST), Apr, 02

Silver tumbles Rs 9,000, gold drops Rs 3,500

Silver prices plunged Rs 9,000 to Rs 2.37 lakh/kg in Delhi, while gold fell Rs 3,500 to Rs 1.51 lakh/10 gm, tracking weak global cues and bearish sentiment in domestic markets.

20:07 (IST), Apr, 02

Gold futures slide 2-3% as June, August contracts see broad losses

As of 20:02 IST on April 2, 2026, gold futures were trading lower across all major contracts. The June 2026 contract was at Rs 1,50,028 per 10 grams, down 2.39%, while the August 2026 contract fell 2.4% to Rs 1,52,380. The near-month April contract declined 3% to Rs 1,45,601, reflecting broad-based selling pressure amid market volatility.

16:40 (IST), Apr, 02

Experts say strong dollar, rising crude weigh on gold, Fed cuts off the table

Jigar Trivedi said this stance by the US President had strengthened the US dollar, adding that the greenback has recently emerged as a safe-haven asset, putting pressure on dollar-denominated precious metals. Crude oil prices also resumed their advance, reinforcing inflation concerns and expectations of tighter monetary policy. "Traders have fully priced out the prospect of interest rate cuts in 2026 by the US Federal Reserve, a stark reversal from pre-war expectations of two cuts," Trivedi said.

15:27 (IST), Apr, 02

Gold futures slump over 3% amid broad selling pressure

As of 3:21 pm, 2026, gold futures were trading sharply lower across all major contracts. The June 2026 contract stood at Rs 1,48,583 per 10 grams, down over 3%, while the August contract was at Rs 1,50,948, also declining by more than 3%. The near-month April contract slipped to Rs 1,45,601, reflecting sustained selling pressure across the bullion segment.

13:21 (IST), Apr, 02

Gold falls over Rs 6,000 as geopolitical tensions lift US dollar, hit sentiment

Market experts attributed the fall to a rebound in the US dollar following escalating geopolitical signals linked to the Iran conflict. Analysts said investor sentiment shifted as the dollar gained traction amid rising global uncertainty. Jigar Trivedi, senior research analyst at IndusInd Securities, said gold came under pressure after the US dollar strengthened in response to remarks from President Donald Trump suggesting that military operations in Iran could intensify over the next two to three weeks.

In global trade, Comex gold futures for June also ended lower after a four-session rise, slipping $194.70, or 4.05%, to $4,618.40 per ounce. In comments from the White House, US President Donald Trump said Washington’s key strategic goals in Iran were close to being achieved, but warned that the United States would strike Iran “extremely hard” over the next two to three weeks.

12:19 (IST), Apr, 02

Silver ETFs slide up to 4% as prices weaken, HDFC leads losses

Silver exchange-traded funds declined sharply, tracking weakness in silver prices. HDFC Silver ETF led the losses, falling around 4% to Rs 217.37 from its previous close of Rs 225.62. Other silver ETFs, including those from Nippon India, SBI, ICICI, Kotak and Edelweiss, also dropped by about 3% each amid broad-based selling pressure.

11:28 (IST), Apr, 02

How gold and silver prices reacted to Trumps's remarks today?

Gold and silver witnessed a sharp sell-off on Thursday, with prices falling by as much as 5.6% after US President Donald Trump’s prime-time address on the Middle East conflict failed to provide any fresh cues on a possible resolution. The absence of a ceasefire announcement disappointed bullion investors.

On the Multi Commodity Exchange (MCX), gold futures for June 5 declined up to 2.31%, or Rs 3,563, to touch an intraday low of Rs 1,50,145 by 10:30 am. At the session’s high, the metal was still lower by 0.79%, or Rs 1,218, at Rs 1,52,490.

Silver futures for May 5 dropped more sharply, falling 5.59%, or Rs 13,613, to an intraday low of Rs 2,29,888. During the session, it also touched a high of Rs 2,42,800, which was 0.28% above the previous close.

In the international market, spot gold declined 2.26% to an intraday low of $4,650.30, while spot silver fell 4.7% to $71.50.

COMEX gold was trading at $4,813, down 2.73%, whereas COMEX silver dropped around 6% to $71.

Analysts said the overall price structure for both metals remains weak, with tensions in the Middle East offering only limited support to safe-haven demand.

10:24 (IST), Apr, 02

Precious metals tumble after Trump's remarks dim hope for Iran war de-escalation

Silver slumped 5.5% on the MCX as US President Donald Trump’s hardline comments on Iran escalated geopolitical tensions, fuelling volatility in global markets. Gold also fell 1.6%, pressured by rising crude oil prices, higher US bond yields and a stronger dollar. The weakness extended to international markets, with spot silver trading lower. Analysts expect the volatility to continue, advising investors to remain cautious, book gains on rallies, and refrain from initiating fresh long positions at higher levels.

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10:21 (IST), Apr, 02

How much gold costs in Mumbai today?

In Mumbai, standard 22-carat gold is priced at Rs 1,12,168 per 8 grams, while 24-carat gold is trading at Rs 1,22,368 per 8 grams.

10:00 (IST), Apr, 02

Gold, silver remain weak after Trump's speech

Precious metals came under pressure at the start of Thursday’s trade on the Multi Commodity Exchange of India, with both gold and silver declining in line with global trends. The weakness followed remarks by US President Donald Trump, who indicated that military action against Iran is set to continue. Speaking in a televised address, he cautioned that the coming two to three weeks would see an “extremely hard” offensive, while asserting that the United States is close to meeting its strategic aims in the conflict. The comments weighed on international sentiment, which in turn reflected in early trading trends for bullion in the domestic market.

04:59 (IST), Apr, 02

Gold Rate Outlook: Consolidation expected before next resistance at USD 4,900

On the outlook, Renisha Chainani, Head of Research at Augmont, said gold has reached the upper end of the range touching USD 4,700 per ounce (Rs 1.52 lakh per 10 grams). "We are likely to see some retracement and consolidation before prices move towards next resistance of USD 4,900 per ounce, translating it into Rs 1.58 lakh per 10 grams in the domestic markets," she added.

02:10 (IST), Apr, 02

Gold, Silver Rate Today Live Updates: Gold extends gains for fourth session on weak dollar, softer yields

"Gold prices extended gains for a fourth consecutive session in Asian trade, supported by a weaker dollar and softer Treasury bond yields, as investors assessed signs of a potential de-escalation in the US-Iran conflict," Manav Modi, Commodities Analyst, Motilal Oswal Financial Services Ltd (MOFSL), said. Bullion prices rebounded after a volatile March, with prices rising sharply as the dollar retreated, though metals remained lower for the month.

01:34 (IST), Apr, 02

Gold, Silver Rate Today Live Updates: Gold rises amid US-Iran conflict, investors turn to safe-haven assets

Analysts said investors turned to safe-haven assets amid uncertainty surrounding the ongoing US-Iran conflict. "Gold prices saw a notable uptick on Wednesday as investors sought refuge amid rising geopolitical tensions, particularly related to the ongoing US-Iran conflict," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said. Gold futures for the May contract gained USD 55.35, or 1.18%, to USD 4,733.95 per ounce.

23:13 (IST), Apr, 01

Gold, Silver Rate Outlook: Market sentiment improves as US and Iran signal conflict resolution

Market sentiment improved after US President Donald Trump indicated Washington could exit the conflict within "two to three weeks," raising hopes of a near-term resolution. Despite this, uncertainty around timing and structure of any agreement, along with potential disruption in the Strait of Hormuz, kept investors cautious.

23:13 (IST), Apr, 01

Gold Rate Today Live: Gold rises on easing West Asia tensions, softer oil and lower rate hike risks

Gold continued to rise on Wednesday amid a rally that was fuelled by signs of easing tensions in West Asia, which are expected to lower the risk of further escalation and damage to energy infrastructure, Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.He added that this development supports expectations of softer oil prices, alleviates long-term inflation concerns, and decreases the likelihood of additional rate hikes by central banks.

19:52 (IST), Apr, 01

Sliver rate today: Silver surges Rs 9,000, gold advances Rs 3,500 amid strong global trends

Silver prices surged by Rs 9,000 to Rs 2.46 lakh per kg, while gold jumped by Rs 3,500 to Rs 1.55 lakh per 10 grams on Wednesday, following firm global trends.


According to the All India Sarafa Association, the white metal appreciated by Rs 9,000, or 3.8 per cent, to Rs 2,46,000 per kg (inclusive of all taxes) from Monday's closing level of Rs 2,37,000 per kg.

Gold of 99.9 per cent purity also increased by Rs 3,500, or 2.3 per cent, to Rs 1,55,000 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,51,500 per 10 grams in the previous market session.

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18:40 (IST), Apr, 01

Gold futures jump up to 1.55%; all MCX contracts trade higher

As of 18:31 pm, gold futures traded higher across all contracts on April 1, with the April contract leading gains, rising 1.55% to Rs 1,49,200 per 10 grams. The June contract climbed 1.02% to Rs 1,52,301, while the August contract advanced 1.46% to Rs 1,54,829, reflecting strong bullish sentiment and sustained investor interest in the bullion market.

12:00 (IST), Apr, 01

Gold Rate Today: MCX Gold goes above Rs 1.51 lakh

Gold prices edged higher on Wednesday, while silver declined, as a softer dollar supported bullion amid growing investor optimism that the ongoing conflict involving Iran and the US-Israel bloc — which has unsettled global markets and driven a sharp surge in oil prices — may be nearing resolution.

On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by about Rs 712 per 10 grams, or roughly 0.5%, to trade at Rs 1,51,473 per 10 grams. Contracts for August delivery also recorded gains of around 0.5% during morning trade.

In contrast, silver futures for May delivery slipped by approximately Rs 1,300 per kilogram, or over 0.5%, to Rs 2,39,604 per kg. July contracts also registered a decline of about 0.6%.

09:56 (IST), Apr, 01

Gold Rate Today: Underlying trend remains bullish

“The current rally in gold is encouraging and is because of some increased optimism about de-escalation in the Middle East. But, I need to see more upside performance for it to be a continuation pattern," said Peter Grant, vice president and senior metals strategist at Zaner Metals to Reuters.

"In the long term, the underlying trend remains bullish, and key fundamental supports such as de‑dollarization and central bank buying are still in place."

08:51 (IST), Apr, 01

Silver Rate Today: Spot silver drops

Spot silver declined 0.8% to $74.53 per ounce, platinum rose 0.7% to $1,963.22, and palladium gained 0.6% to $1,484.84.

08:50 (IST), Apr, 01

Gold Rate Today: What could provide support

Trump said that Tehran is not required to reach an agreement for the conflict to de-escalate. He is expected to address the nation later in the day with an update on the situation.

Global equity and bond markets strengthened on hopes that tensions in the Middle East could ease.

"Should geopolitical tensions de-escalate further, then expectations for Fed easing could return. In such a scenario, real yields can ease, providing support for gold," said Christopher Wong, a strategist at OCBC.

08:50 (IST), Apr, 01

Gold Rate Today: Why upside is limited

"Talks that the US might wrap up the war in two to three weeks even if the Strait (of Hormuz) is not reopened reinvigorated the US equity markets and pulled gold higher along with it," said Marex analyst Edward Meir.

"However, the upside (to gold prices) is being limited due to the fact that interest rates can move higher if inflationary expectations reignite," Meir said.

08:49 (IST), Apr, 01

Gold Price Today: Spot gold rises 0.4%

Spot gold rose 0.4% to $4,685.79 per ounce as of 0228 GMT, after earlier hitting a peak of $4,723.21, its strongest level since March 20. US gold futures for April delivery advanced 0.8% to $4,713.40.

The dollar index slipped 0.2%, making dollar-priced commodities more affordable for investors using other currencies.

08:49 (IST), Apr, 01

Gold Rate Today: International gold prices move up

Gold prices moved up modestly on Wednesday, touching their highest level in nearly a fortnight, as a softer US dollar provided support after US President Donald Trump indicated that the conflict with Iran could ease within the next two to three weeks.

Gold, Silver Rate Today Live Updates: Analysts are of the view that gold has not lost its safe haven appeal, but with crude oil prices rising above $100 per barrel and chances of a US Federal Reserve rate cut fading in the near future due to inflationary pressures, gold is likely to see capped gains. Gold typically performs better in a low interest rate environment as it does not yield returns. However, the long-term outlook for both gold and silver appears to be intact for now, feel commodity experts. Over the next few days, the direction of the yellow metal will be decided mainly by how long the US-Iran conflict continues.

(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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