Gold, silver rate today: Following the escalation in the US-Iran war and soaring crude oil prices, gold and silver prices came under pressure on Monday. The MCX gold rate today opened lower at ₹1,54,177 per 10 gm and touched an intraday low of ₹1,53,596 per 10 gm within a few minutes of the Opening Bell. The MCX silver rate today opened upside at ₹2,51,001 per kg. However, the precious white metal soon came under pressure and touched an intraday low of ₹2,41,990 per kg within a few minutes of the early morning deals.
Similarly, gold and silver prices are under pressure in the international market. The COMEX gold rate is down by nearly 0.50% at $4,342 per oz. The COMEX silver rate is also down by nearly 1.60% down at $68/ounce.
According to market experts, gold and silver prices are under pressure today amid renewed inflation concerns. They said crude oil prices rose today after an escalation in the US-Iran war, which has fueled inflation concerns. Experts maintained that soaring crude oil prices and inflation buzz is negative for the markets as it would fuel speculations for a US Fed rate hike in the upcoming US Fed meeting.
US-Iran news in focus
Speaking on the reasons that are putting pressure on gold and silver rates today, Anuj Gupta, a SEBI-registered market expert, said, “The precious metal rates are under the sell-off heat as escalation in the US-Iran war has fueled crude oil prices. This has renewed the inflation concern among investors as rising inflation is expected to put pressure on the US Fed officials for an interest rate hike in the upcoming meeting.”
“With peace talks stalled, energy prices elevated, and the Fed signalling no urgency to cut rates, the path of least resistance for gold remains lower in the near term. The May jobs report due today is the next key test as a strong payrolls print would add further weight to the Fed’s higher-for-longer stance and put additional pressure on bullion,” said Kaynat Chainwala, AVP — Commodity Research at Kotak Securities.
Outlook for gold rate today
Speaking on the outlook for gold prices today, Ponmudi R, CEO of Enrich Money, said COMEX Gold is trading near the $4,350 support zone, with renewed selling pressure after failing to sustain above the $4,500–$4,550 region. Weekly price action reflects a weak undertone, with momentum deteriorating as prices trade below key supply zones and the recent breakdown further reinforcing bearish sentiment. From a technical perspective, immediate resistance lies around $4,460–$4,500, where previous support has now become a significant resistance zone. This is followed by a stronger supply barrier near $4,560–$4,600.
“On the downside, $4,350 remains a crucial support level. A decisive break below this zone could accelerate corrective pressure toward $4,250, with the possibility of an extended decline toward the $4,100 region, reinforcing the prevailing bearish structure,” Ponmudi R, CEO of Enrich Money, said.
On the outlook for the MCX gold rate today, Ponmudi R said MCX Gold witnessed significant volatility last week, rallying sharply toward the ₹1,61,000 zone before encountering profit-taking at higher levels. Prices have since retreated toward the ₹1,55,000 to ₹1,56,000 region, indicating some cooling off after the recent surge.
On the upside, a sustained move above ₹1,58,000 to ₹1,58,500 could revive bullish momentum and open the door for a move toward the ₹1,60,000 to ₹1,61,000 zone. On the downside, a decisive break below ₹1,55,000 could trigger further corrective pressure toward ₹1,53,500 and then toward ₹1,52,000.
Outlook for silver rate today
On the outlook of the silver price today, Ponmudi R of Enrich Money, said, the COMEX Silver is trading near the $64 support zone after failing to sustain above the $75–$76 resistance region, triggering fresh selling pressure and a decisive breakdown from its recent consolidation range. Weekly price action reflects a weak undertone, with momentum deteriorating sharply as prices slip below key support levels, signalling a shift in the broader market structure toward a bearish bias.
“Immediate resistance is placed at $72–$73, followed by a stronger hurdle near $75–$76. A sustained recovery above these levels would be required to stabilise sentiment and improve momentum. On the downside, $63–$64 remains a key support zone,” said Ponmudi R of Enrich Money.
On the outlook of the MCX silver rate today, Ponmudi R of Enrich Money, said, “On the upside, immediate resistance is placed at ₹2,58,000 to ₹2,62,000. On the downside, a break below ₹2,47,500 is expected to accelerate corrective pressure toward the ₹2,43,000 to ₹2,40,000 zone, with the potential for further weakness toward ₹2,33,000 to ₹2,30,000 if selling pressure intensifies.
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