Silver tanks Rs 8,200, below Rs 2.5 lk, gold falls Rs 1,000
Gold and silver futures opened sharply lower on the Multi Commodity Exchange (MCX) on Monday as investors booked profits following a sharp rise in the previous session.
MCX Gold futures due in April 2026 were down Rs 1,000, or 0.64%, at Rs 1,54,905 per 10 grams. Meanwhile, silver futures for March 5, 2026 delivery edged lower by Rs 8,265, or 3.3%, to Rs 2,36,100 per kg.
In the international market, spot gold fell 0.4% to $5,020.10 per ounce by 0111 GMT after gaining 2.5% in the previous session. U.S. gold futures for April delivery slipped 0.1% to $5,039.50 per ounce. Spot silver was down 0.6% at $76.92 per ounce, following a 3% rise on Friday.
How should you trade gold?
Manoj Kumar Jain of Prithvi Finmart said global financial markets are witnessing extremely high volatility due to AI-led shocks and a sell-off in global equities. According to him, both precious metals are experiencing sharp price swings.
He noted that silver prices could hold support at $65 per troy ounce, while gold may sustain support at $4,770 per troy ounce on a closing basis this week. Jain expects gold and silver to remain volatile amid fluctuations in the dollar index, developments in US-Iran talks, and broader geopolitical tensions.
For the current session, gold has support at $5,010–4,970 per troy ounce and resistance at $5,080–5,122 per troy ounce. Silver has support at $74.40–72.00 and resistance at $80.00–82.40 per troy ounce.
On the MCX, gold has support in the Rs 1,54,400–1,53,150 range and resistance at Rs 1,56,800–1,58,200. Silver has support at Rs 2,38,800–2,32,000 and resistance at Rs 2,49,100–2,55,000.
He recommends buying gold on dips in the Rs 1,54,000–1,53,300 range, with a stop loss below Rs 1,52,000, targeting Rs 1,56,600–1,57,500. However, he advised avoiding trades in silver due to extremely high volatility.
Gold rates in physical markets
Gold Price Today in Delhi
Standard gold (22 carat) in Delhi is priced at Rs 1,15,792 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,312 per 8 grams.
Gold Price Today in Mumbai
Standard gold (22 carat) in Mumbai is priced at Rs 1,15,672 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,192 per 8 grams.
Gold Price Today in Chennai
Standard gold (22 carat) in Chennai is priced at Rs 1,16,472 per 8 grams, while pure gold (24 carat) stands at Rs 1,27,064 per 8 grams.
Gold Price Today in Hyderabad
Standard gold (22 carat) in Hyderabad is priced at Rs 1,15,672 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,192 per 8 grams.
MCX Gold futures due in April 2026 were down Rs 1,000, or 0.64%, at Rs 1,54,905 per 10 grams. Meanwhile, silver futures for March 5, 2026 delivery edged lower by Rs 8,265, or 3.3%, to Rs 2,36,100 per kg.
In the international market, spot gold fell 0.4% to $5,020.10 per ounce by 0111 GMT after gaining 2.5% in the previous session. U.S. gold futures for April delivery slipped 0.1% to $5,039.50 per ounce. Spot silver was down 0.6% at $76.92 per ounce, following a 3% rise on Friday.
How should you trade gold?
Manoj Kumar Jain of Prithvi Finmart said global financial markets are witnessing extremely high volatility due to AI-led shocks and a sell-off in global equities. According to him, both precious metals are experiencing sharp price swings.
He noted that silver prices could hold support at $65 per troy ounce, while gold may sustain support at $4,770 per troy ounce on a closing basis this week. Jain expects gold and silver to remain volatile amid fluctuations in the dollar index, developments in US-Iran talks, and broader geopolitical tensions.
For the current session, gold has support at $5,010–4,970 per troy ounce and resistance at $5,080–5,122 per troy ounce. Silver has support at $74.40–72.00 and resistance at $80.00–82.40 per troy ounce.
On the MCX, gold has support in the Rs 1,54,400–1,53,150 range and resistance at Rs 1,56,800–1,58,200. Silver has support at Rs 2,38,800–2,32,000 and resistance at Rs 2,49,100–2,55,000.
He recommends buying gold on dips in the Rs 1,54,000–1,53,300 range, with a stop loss below Rs 1,52,000, targeting Rs 1,56,600–1,57,500. However, he advised avoiding trades in silver due to extremely high volatility.
Gold rates in physical markets
Gold Price Today in Delhi
Standard gold (22 carat) in Delhi is priced at Rs 1,15,792 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,312 per 8 grams.
Gold Price Today in Mumbai
Standard gold (22 carat) in Mumbai is priced at Rs 1,15,672 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,192 per 8 grams.
Gold Price Today in Chennai
Gold Price Today in Hyderabad
Standard gold (22 carat) in Hyderabad is priced at Rs 1,15,672 per 8 grams, while pure gold (24 carat) stands at Rs 1,26,192 per 8 grams.
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