MCX Gold and Silver Price Today Live Updates: Gold rises amid Middle East tensions, check prices in India

MCX Gold and Silver Price Today Live Updates: Gold rose on Monday in global markets as geopolitical tensions escalate amid US-Israeli strikes on Iran.

How has gold performed recently?

Gold, widely considered a safe-haven asset, has hit several record highs this year amid continuing political and economic uncertainty. The current 64% rally extends into 2025, driven by aggressive central bank purchases, large flows into exchange-traded funds, and expectations that US monetary policy may ease.

What do analysts expect?

Last week, JPMorgan and Bank of America repeated their forecasts that gold could rise towards the $6,000 level. JPMorgan said it expects enough demand from central banks and investors to push prices to about $6,300 an ounce by the end of 2026, according to Reuters.

Independent analyst Ross Norman said that gold is perhaps the best measure of global uncertainty, and that mercury is rising, adding that prices could be repriced to new highs as geopolitical risks intensify.

Today’s gold prices in India (According to yesterday’s market close)

24 carat gold (10 grams): $1,68,990

22 carat gold (10 grams): $1,54,930

Gold prices in major metro cities today (24 karat gold per 10 grams according to market close yesterday)

Bengaluru: $1,68,820

Chennai: $1,69,750

Delhi: $1,68,990

Kolkata: $1,68,830

Mumbai: $1,68,850

Pune: $1,68,870

Silver prices today in India (According to yesterday’s market close)

10 grams: $3,120

100 grams: $3,1200

1 kg: $3,12,000

Silver prices in metro cities (Per 10 grams, based on yesterday’s market close)

Bengaluru: $3,060

Chennai: $3,340

Delhi: $3,120

Kolkata: $3,070

Mumbai: $3,110

Pune: $3,130

Silver demand and pricing in India

Beyond industrial use, silver is widely used in jewelry. India is the largest consumer and major importer of silver in the world, and domestic demand plays a major role in supporting global prices. Besides import duties and taxes, international standards strongly influence domestic silver prices. Like gold, silver is also viewed as an investment option.

Gold demand and pricing in India

India is the second largest consumer of gold in the world after China. Most of the demand is met through imports, along with recycled domestic bullion. As a result, dollar-denominated global prices, import duties and taxes greatly affect domestic prices. While gold is often seen as a hedge against inflation, bond yields and currency movements also affect prices.

Why invest in gold?

Gold is widely considered a safe and reliable investment during periods of economic and geopolitical uncertainty. It provides strong liquidity, acts as a hedge against inflation and helps stabilize portfolios over the long term.

Why invest in silver?

Silver remains attractive because of its dual role as a precious and industrial metal. Strong demand from India’s jewelery sector, coupled with industrial use and supply constraints, supports its long-term outlook, while its low price makes it more accessible to many investors than gold.