THE TIMES OF INDIA | Apr 24, 2026, 08:05:55 IST
Gold, Silver Rate Today Live Updates: How will gold prices end the week? The yellow metal for now appears to be set for a weekly decline with prices hitting lowest levels seen in the last week as the US-Iran impasse continues and Strait of Hormuz remains closed, keeping crude oil prices elevated. The ongoing conflict has pushed oil prices sharply higher, with Brent crude trading above $100 per barrel on Thursday.
Gold and silver saw a record rally over the last one year, but have crashed from their lifetime highs, a situation exacerbated by the ongoing Middle East conflict.
Track TOI’s live coverage on gold and silver prices:
Gold Rate Today: Gold is expected to stay under pressure
“Gold traded weak on Thursday, declining around ₹1150 to ₹151500, as macro pressures continued to outweigh safe-haven demand. The key drag remains rising crude prices, which are pushing inflation higher and reinforcing expectations of prolonged high interest rates, reducing the appeal of non-yielding assets like gold. At the same time, uncertainty around US–Iran talks is keeping volatility elevated, but without clear escalation, gold is witnessing profit booking rather than fresh buying. Technically, support is seen near ₹148000, while ₹155000 remains a strong resistance zone. Overall, gold is expected to stay under pressure with a volatile bias, reacting to crude, dollar, and geopolitical developments,” says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
Gold Rate Today: Markets remain on edge
“Gold prices extended their decline as a stronger US dollar and rising oil prices weighed on sentiment,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
“Markets remain on edge due to limited progress in US-Iran negotiations and escalating tensions around the Strait of Hormuz. Adding to the downside, Treasury bond yields also edged higher, with the 10-year yield rising by around 3 basis points to 4.32 per cent, further reducing the appeal of safe-haven assets such as gold,” Gandhi said.
Silver Rate Today: Silver dropped 2.7% on Thursday
Spot silver dropped 2.7 per cent to $75.55 an ounce. Platinum declined 3.2 per cent to $2,008.22 an ounce, while palladium tumbled 5 per cent to $1,465.23 an ounce. Both silver and platinum had earlier touched their lowest levels in more than a week.
Gold Rate Today: Momentum in precious metals fades
According to independent metals trader Tai Wong, fears surrounding the fragile geopolitical situation have rattled broader financial markets.
“The US and Iran are engaged in a dangerous standoff, raising concerns that the ceasefire could collapse at any moment. That possibility has driven crude oil sharply higher, putting pressure on a range of assets, including gold,” Wong told Reuters.
He added that gold’s surge to nearly $4,900 last Friday now appears increasingly distant, as momentum in the precious metals rally has faded.
Gold Rate Today: International gold down on Thursday
Gold prices dropped to their lowest level in more than a week on Thursday, as investors grew increasingly concerned that inflationary pressures stemming from the Middle East conflict could force interest rates to remain elevated for longer.
Spot gold declined 0.9 per cent to $4,697.06 an ounce by 3:05 p.m. EDT (1905 GMT). Earlier in the session, the precious metal had fallen more than 1 per cent, touching an intraday low of $4,663.69 an ounce — its weakest level since April 13.
Gold, Silver Rate Today Live Updates: Rising energy prices typically stoke inflation, increasing the likelihood that central banks will keep borrowing costs elevated. Although gold is traditionally viewed as a hedge against inflation, higher interest rates tend to reduce the appeal of non-yielding assets such as bullion.
A recent Reuters survey of economists indicated that the Federal Reserve is likely to wait at least six months before implementing any interest rate cuts this year.
Gold has also faced additional headwinds from a firmer US dollar, which made dollar-denominated bullion more expensive for holders of other currencies. At the same time, yields on benchmark 10-year US Treasury notes climbed to their highest level in over a week, further increasing the opportunity cost of holding gold.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
