Loading market data...
Silver jumps ₹8,300 per kg on MCX nearing ₹2.7 lakh, while gold trades steady as investors assess US–Iran talks and tariff uncertainty. Check latest MCX levels, global prices, and key support-resistance zones.
Precious metals markets witnessed a sharp divergence on Friday as silver exploded higher on the Multi Commodity Exchange (MCX), while gold traded with relatively modest gains. The rally comes against a backdrop of evolving US–Iran negotiations, persistent tariff uncertainty in the United States, and elevated geopolitical risk — all reinforcing safe-haven demand.
Silver futures for March 2026 delivery jumped ₹8,340 or 3.2% to ₹2,68,009 per kg, bringing the metal within striking distance of the psychological ₹2.7 lakh mark. Gold futures for April 2026 delivery climbed ₹482 or 0.3% to ₹1,60,191 per 10 grams.
The momentum underscores a market pricing in geopolitical ambiguity rather than clarity.
| Contract | Price | Change | % Move |
|---|---|---|---|
| Gold (Apr 2026) | ₹1,60,191 / 10g | +₹482 | +0.3% |
| Silver (Mar 2026) | ₹2,68,009 / kg | +₹8,340 | +3.2% |
Silver’s move significantly outpaced gold, indicating higher volatility and speculative participation.
In Geneva, the United States and Iran reported limited progress in nuclear discussions mediated by Oman. However, negotiations failed to produce a decisive breakthrough that would eliminate the risk of escalation.
Markets remain wary of:
• Potential US military action • Continued sanctions uncertainty • Supply disruptions in energy markets
Such developments typically drive investors toward safe-haven assets like gold and silver.
Spot gold in international markets remained largely stable at $5,187.39 per ounce, while spot silver advanced 0.6% to $88.81 per ounce after hitting a three-week high earlier in the week.
Silver’s sharper rally reflects its dual identity as both a precious and industrial metal. Beyond geopolitical demand, silver benefits from:
• Strong industrial demand linked to renewable energy • Semiconductor and electronics manufacturing • Solar panel production growth
The higher beta nature of silver makes it more reactive to volatility and speculative inflows.
The US dollar index has shown signs of profit-taking, easing pressure on precious metals. Additionally, tariff-related uncertainty in the US continues to cloud the global trade outlook.
When trade tensions rise, investors often seek protection in metals as a hedge against macro instability.
According to market experts, volatility remains elevated.
| Metal | Support | Resistance |
|---|---|---|
| Gold | $5,164 – $5,122 | $5,222 – $5,265 |
| Silver | $84.40 – $80.80 | $90 – $92.40 |
| Metal | Support (₹) | Resistance (₹) |
|---|---|---|
| Gold | 1,58,200 – 1,56,500 | 1,61,000 – 1,62,500 |
| Silver | 2,55,000 – 2,48,800 | 2,64,600 – 2,71,000 |
Analysts suggest buying on dips rather than chasing momentum at elevated levels.
| Metal | Buy Zone | Stop Loss | Target Range |
|---|---|---|---|
| Gold | ₹1,59,100 – ₹1,58,000 | Below ₹1,56,500 | ₹1,60,600 – ₹1,61,800 |
| Silver | ₹2,58,000 – ₹2,53,000 | Below ₹2,48,800 | ₹2,62,000 – ₹2,68,000 |
These strategies emphasize controlled risk management amid high volatility.
| Category | Price (₹ / 8g) |
|---|---|
| 22 Carat | 1,18,672 |
| 24 Carat | 1,29,456 |
| Category | Price (₹ / 8g) |
|---|---|
| 22 Carat | 1,18,072 |
| 24 Carat | 1,28,808 |
| Category | Price (₹ / 8g) |
|---|---|
| 22 Carat | 1,19,352 |
| 24 Carat | 1,30,208 |
| Category | Price (₹ / 8g) |
|---|---|
| 22 Carat | 1,18,072 |
| 24 Carat | 1,28,808 |
The precious metals complex is navigating a delicate balance:
• Geopolitical uncertainty supports prices • Dollar fluctuations drive intraday volatility • Profit booking caps runaway rallies
Silver’s near-₹2.7 lakh milestone is technically significant. A sustained breakout above resistance levels could trigger further upside momentum, but traders must remain cautious of sharp reversals.
With geopolitical tensions unresolved and tariff dynamics still unsettled, gold and silver remain strategically positioned as portfolio hedges.
Silver’s outperformance suggests speculative intensity, while gold’s steadier move reflects institutional allocation stability.
The coming sessions, especially around US economic data releases such as PPI, could determine whether this rally evolves into a sustained breakout or remains a volatility-driven spike.
⚠️ Disclaimer: Commodity trading involves risk. Investors should consult financial advisors before taking positions.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. Finscann does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Gold vs Silver in India: Compare latest prices, state-wise and city-wise rates, market trends, volatility, and investment outlook for both precious...
Silver prices in India trade near the upper range amid strong industrial demand and global bullion momentum.
Russia and Iran deepen crude oil discounts to attract Chinese buyers after India cuts imports, intensifying competition in Asia’s energy market and...
Gold prices in India trade near ₹1.62 lakh per 10 grams as global uncertainty, rupee movement, and central bank demand support bullion.
Oil prices surge to 7-month highs as US-Iran talks loom, impacting global supply & demand. FinScann analyzes the outlook for crude, energy stocks,...