The International Bullion Jewellers Association on Wednesday pegged the standard price of gold at Rs 1,62,548, up 2.36 percent, and silver at 6.38 percent higher at Rs 2,71,347. According to Aksha Kamboj, VP at IBJA, investors remain cautious amid escalating global uncertainty induced by the US-Israel-Iran conflict. “The momentum is clearly positive for gold, as it trades higher and is well-supported even at higher levels. Although price swings could stay wide, the current trajectory suggests the metal is regaining upward momentum after recent consolidation.”

Bullion retreats from March 2 highs induced by West Asia war; silver down 9%, gold slips 4.7%

The domestic futures prices of precious metals have corrected from their recent highs on MCX. Silver is trading at Rs 2,69,850 per kg (10:08 am IST), down about 9.4 percent from Rs 2,97,799 on March 2. Gold is at Rs 1,61,952 per 10 grams, around 4.7 percent lower than the previous high of Rs 1,69,880, indicating profit booking after the recent rally fueled by the US-Israel-Iran conflict.

Precious metals ease from early trade but hold gains: Gold up 0.04%, silver falls below Rs 2.70 lakh

Gold and silver prices fell marginally from early trade, though still above the previous close, amid US-Israel-Iran tensions, safe-haven demand, and dollar strength. The domestic futures price of gold fell to just 0.04 percent higher at Rs 1,62,170 per 10 grams of 24-carat purity, while silver fell to the high of 1.62 percent at Rs 2,69,850 per kilogram.

Bullion outlook: Gold targets $5,600, silver may test $100 after consolidation, says report

According to the Augmont Bullion report, published on March 3, gold prices are consolidating and building a base for a new bullish momentum towards $5,500 (Rs 1.72 lakh) and $ 5,600 (Rs 1.76 lakh). After achieving the $93 (Rs 2.85 lakh) target, Silver prices are expected to consolidate and build a base around $85 and $95 before resuming bullish momentum towards the next resistance level of $100 (Rs 3 lakh).

Bullion opens higher on MCX: Gold jumps to Rs 1.62 lakh, silver rises nearly 2% to Rs 2.70 lakh

Gold and silver prices today opened marginally higher on MCX amid geopolitical tensions, safe-haven demand, and dollar strength. The domestic futures price of gold was up nearly 0.67 percent at Rs 1,62,600 per 10 grams of 24-carat purity, while silver surged 1.9 percent at Rs 2,70,596 per kilogram.

Gold climbs 1% near $5,200/oz on Comex, silver up nearly 2% on Comex

The spot price of gold was up 1 percent at $5,186.10 per ounce during early trade on Comex, and silver surged 1.94 percent at $84.80 per ounce. The commodity market is expected to remain volatile as the dollar gains momentum amid the US-Israel-Iran conflict.

Silver prices: Check the latest price of silver per kilogram

Here’s how the prices of 1 kilogram of silver have moved.

Gold price on March 5: Here’s how gold price has moved in your city

Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

Gold prices today (Mar 5): Check the latest price of 24K, 22K, and 18K gold

Gold prices vary as per purity. Here’s how the prices of 10 grams of gold have moved for 24-carat, 22-carat, and 18-carat purity.

Gold, silver retreat from yesterday’s highs on profit booking amid stronger dollar, rising oil prices

Gold and silver prices have declined from yesterday’s high as investors rushed to book profits amid a stronger dollar and rising oil prices driven by the US-Israel-Iran conflict. The international spot price of gold was trading 0.97 percent higher at $5,184 per ounce on early March 5 trade. Silver gained 2.06 percent to $84.89 per ounce. Gold domestic futures on MCX climbed sharply near Rs 1.64 lakh per 10 grams in the intraday trade on Wednesday, but retreated quickly at Rs 1,61,550 per kilogram from the previous close. Silver peaked just below Rs 2.76 lakh per kilogram before easing to Rs 2,66,156 per kilogram.

Courtsey To : Moneycontrol

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