Gold, Silver Rates Today LIVE: Gold and silver prices on the Multi Commodity Exchange (MCX) traded higher on Friday, following gains in international bullion prices as the widening US-Iran war lifted safe-haven appeal for the precious metals.
MCX gold rate today for April futures contracts opened 0.85% higher at ₹1,61,040 per 10 grams as against its previous close of ₹1,59,673 level.
MCX silver price for May futures contracts opened higher by ₹5,759, or 2.19%, at ₹2,67,950 per kilogram as compared to its previous close of ₹2,62,191 level.
In the domestic market, MCX gold price rose to a high of ₹1,61,250, while MCX silver price jumped to ₹2,68,991 level.
US-Iran War Lifts Safe-Haven Appeal
Gold and silver prices were largely steady, after falling more than 1% in the previous session, as investors remained cautious amid widening war in the Middle East and its fallout on the global economy.
Spot gold price held its ground at $5,076.09 per ounce, and the US gold futures for April delivery rose 0.1% at $5,084.50. Spot silver price gained 0.1% to $82.26 per ounce.
Gold prices have risen about 18% so far this year, notching successive record highs amid heightened geopolitical and economic uncertainty.
The dollar index declined, making greenback-priced bullion less expensive for holders of other currencies.
In the latest development over the geopolitical tensions, Iran launched a series of attacks on Israel, the United Arab Emirates and Qatar. US Defense Secretary Pete Hegseth and Admiral Brad Cooper, who leads U.S. forces in the Middle East, said that the U.S. has enough munitions to continue its bombardment indefinitely.
In other commodities, spot platinum price rose 0.1% to $2,124.05, while palladium prices rallied 1.1% to $1,639.78.
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