Silver climbs Rs 5,100/kg; gold at Rs 1.41 lakh/10 gm on weak dollar, truce hopes. What should investors do?

Gold and silver prices opened higher on the Multi Commodity Exchange of India (MCX) on Friday, supported by a softer dollar and hopes of easing geopolitical concerns after US President Donald Trump signalled progress in talks with Iran and announced a 10-day pause on strikes targeting energy infrastructure.

The weaker dollar made dollar-denominated bullion more attractive for holders of other currencies. Adding to the momentum, a pullback in oil prices briefly eased inflation worries, raising hopes of potential interest rate cuts by the US Federal Reserve.

MCX silver futures due May 2026 were up Rs 5,140 or 2.3% to Rs 2,25,014 per kg. Meanwhile, gold futures for April 2026 delivery gained Rs 1,500 or 1% to Rs 1,40,900 per 10 grams.


In the international market, the yellow metal rose over 1%. Spot gold gained 1.1% to $4,428.30 per ounce as of 0228 GMT, but is still down about 1.3% for the week so far. Spot silver also advanced 1.1% to $68.80 per ounce.

How should you trade gold?

Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said gold rebounded above $4,400 per ounce after a sharp decline in the previous session, supported by easing geopolitical tensions. Despite the rebound, gold had dropped nearly 3% on Thursday amid lingering doubts over the likelihood of a near-term ceasefire.

Precious metals faced selling pressure as the Middle East conflict and rising energy prices stoked inflation concerns, increasing expectations that major central banks may raise interest rates this year. Trivedi added that MCX Gold April futures could move higher towards Rs 1,40,000 per 10 grams, tracking gains in global markets.

For silver, Ponmudi R, CEO of Enrich Money, said a sustained and decisive move above $80 would signal strengthening bullish momentum and may open the door for an advance towards $85 to $88, where selling pressure is likely to emerge. However, a failure to hold above $73 could reintroduce downward pressure, potentially dragging prices towards $70 in the near term, with stronger support placed in the $66 to $68 region.

Gold, Silver rates today, 27 March, across major cities

Gold price today in Delhi

Standard gold (22 carat) prices in Delhi stand at Rs 1,06,112 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,15,752 per 8 grams.

Gold price today in Mumbai

Standard gold (22 carat) prices in Mumbai stand at Rs 1,05,992 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,15,632 per 8 grams.

Gold price today in Chennai

Standard gold (22 carat) prices in Chennai stand at Rs 1,06,792 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,15,640 per 8 grams.

Gold price today in Hyderabad

Standard gold (22 carat) prices in Hyderabad stand at Rs 1,05,992 per 8 grams, while pure gold (24 carat) prices stand at Rs 1,15,632 per 8 grams.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)