MCX gold and silver price highlights: Gold and silver prices fall as US-Iran war rages on

Gold, silver prices today highlights: This live blog has been closed.

Gold, silver prices today LIVE Updates: Maharashtra's Nagpur recorded 22K gold at ₹1,50,150 and 24K at ₹1,63,790, while silver sold at ₹3,029 per 10 grams.

Gold, silver prices today LIVE Updates: In Lucknow, 22-carat gold is selling at ₹1,50,160 and 24-carat at ₹1,63,810, while silver costs ₹3,059 per 10 grams.

Gold, silver prices today LIVE Updates: Jaipur recorded 22-carat gold at ₹1,50,180 and 24-carat at ₹1,63,830, while silver was available at ₹3,029 per 10 grams.

Gold, silver prices today LIVE Updates: Hyderabad’s precious metals market quoted 22K gold at ₹1,50,140 and 24K at ₹1,63,780, with silver priced at ₹3,059 per 10 grams.

Gold, silver prices today LIVE Updates: Tamil Nadu's Coimbatore was one of the priciest markets of the nation, following closely behind Chennai with 22-carat gold priced at ₹1,50,500 and 24-carat at ₹1,64,180, while silver stands at ₹3,049 per 10 grams.

Gold silver rates today LIVE: Chandigarh reported 22K gold at ₹1,50,210 and 24K gold at ₹1,63,860, while silver was quoted at ₹2,969 per 10 grams.

Gold silver rates today LIVE: In Bhubaneswar, buyers will find 22-carat gold at ₹1,50,020 and 24-carat at ₹1,63,660, alongside silver at ₹3,029 for 10 grams.

Gold silver rates today LIVE: Madhya Pradesh capital Bhopal recorded 22K gold prices at ₹1,50,220 and 24K at ₹1,63,870, with silver priced at about ₹3,029 per 10 grams.

Gold silver prices today LIVE: In Amritsar, 22-carat gold was priced at ₹1,50,310 and 24-carat at ₹1,63,960, with silver was around ₹3,019 per 10 grams, mirroring North India’s steady bullion trend.

Gold silver prices LIVE: Ahmedabad saw 22K gold at ₹1,50,210 and 24K at ₹1,63,860, while silver traded at ₹2,999 per 10 grams, keeping bullion rates steady in the Gujarat hub.

Gold silver prices LIVE: Here are the currency trends for today according to Bloomberg:

• The Bloomberg Dollar Spot Index rose 0.4%
• The euro fell 0.6% to $1.1547
• The Japanese yen fell 0.5% to 158.64 per dollar
• The offshore yuan fell 0.2% to 6.9194 per dollar
• The British pound fell 0.7% to $1.3316

Gold silver prices LIVE: The dollar is the biggest beneficiary in the current environment, given the USD’s safe haven status and the US’s position as a net energy exporter, said a strategist at Commonwealth Bank of Australia in Sydney - Carol Kong.

“How much higher the dollar will go from here depends on the depth and duration of the conflict, which remains highly uncertain,” Kong said noting the ongoing clashes between Iran and US.

Gold silver prices LIVE: Pressured by a a stronger US dollar and concerns over higher interest rates, global gold prices suffered a fall.

Gold has come under pressure as spiking crude prices stoke inflation fears in the US, raising the likelihood that the Federal Reserve will leave interest rates unchanged for longer, Bloomberg reported.

Gold silver prices LIVE: Trends from the past week showed the US markets reeling under pressure.

On Friday, the S&P 500 declined by 1.33 per cent to the 6740 level, while the Nasdaq also fell by 1.53 per cent to the 22400 level.

(ANI)

Gold silver prices LIVE: Singapore's Straits Times index lost 2.65 per cent to the 4720 level, Hong Kong's Hang Seng index fell more than 2.46 per cent to the 25095 level, and Taiwan's weighted index dropped 5.77 per cent to the 31767 level.

(ANI)

Gold silver prices LIVE: As Indian markets suffer a drop, Japan's Nikkei 225 index also declined by 7 per cent to the 52010 level, while South Korea's KOSPI index tanked 7.43 per cent to the 5169 level.

(ANI)

Gold silver prices LIVE: Prices of crude oil climbed to more than 20% to above $110 per barrel as the expanding U.S.-Israeli war with Iran led some major Middle Eastern oil producers to cut supplies amid fears of prolonged disruption to shipping through the Strait of Hormuz, as conflict between the US and Iran entered its second week.

Gold silver prices LIVE: Spot silver on Monday held its ground at $84.42 per ounce, after falling over 5% earlier in the session. Spot platinum edged 0.1% lower to $2,133.95, and palladium was down 0.9% at $1,610.

(Reuters)

Gold silver prices LIVE: Despite crests and troughs in the global market with triple-digit oil prices boosting the dollar on inflation fears, gold remains on the back foot today, said KCM Trade chief market analyst Tim Waterer.

“Gold is on the back foot today despite the market tumult, with triple-digit oil prices boosting the dollar on inflation fears and scaled back rate-cutting expectations,” Waterer said.

(Reuters)

Gold silver prices LIVE: Sensex on Monday crashed 2,345.89 points to 76,573.01 in early trade, while Nifty tumbled 708.75 points to 23,741.70.

Foreign institutional investors sold equities worth ₹6,030.38 crore on a net basis on Friday, according to exchange data.

(PTI)

Gold silver prices LIVE: The Indian currency - Rupee on Monday plummeted 46 paise to near its all-time intra-day low of 92.28 against the US dollar in early trade on Monday as global crude oil prices shot up and the greenback strengthened amid the worsening situation in the Middle East.

Brent crude, the global oil benchmark, was trading higher by a staggering 25.68 per cent at USD 116.5 per barrel in futures trade as the war between US-Israel and Iran intensified.

(PTI)

Gold silver prices LIVE: Following are the opening bullion rates for Monday, March 9.

• 1 gram gold 22 carat : ₹14,950.00
• 1 gram gold 18 carat: ₹13,000.00
• 1 gram silver : ₹290.00

Gold silver prices LIVE: The Indian Rupee could fall towards the 92.50 mark if oil prices continue to surge, traders calculate, sparking a fresh round of pressure as importers rush in to lock hedges and exporters hesitate.

"Exporters have been holding back as recent hedges are suffering notional losses and they are uncertain how much further the rupee could weaken from here," an FX salesperson at a US-based bank said.

(Reuters)

Gold silver prices LIVE: While bullion futures witnessed sharp movements in the domestic market, on the multi commodity exchange (MCX), silver plunged ₹14,359, or 5.08 per cent, while gold slipped ₹470, or 0.3 per cent.