THE TIMES OF INDIA | Apr 08, 2026, 07:57:09 IST
Gold, Silver Rate Today Live Updates: Gold prices have moved higher after US President Donald Trump on Wednesday said there would be a two-week halt on the strikes against Iran amid prospects of talks to settle the Middle East conflict. Since the start of the US-Iran war in late February, gold and silver prices have seen extreme volatility.
Gold has continued to move higher in recent days as investors recalibrated short-term risks amid easing concerns around inflation driven by energy prices. Track TOI’s live coverage on gold, and silver prices. Know the latest city-wise late list of gold and silver, and check trends in MCX Gold, MCX Silver and gold, silver ETFs:
Silver Rate Today Live: Spot silver up 4%
Spot silver gained 4.3% to $76.08 per ounce, platinum rose 2.4% to $2,004.95, and palladium advanced 2.1% to $1,500.
Gold Rate Today Live: Gold down 8% since start of Middle East conflict
Despite a strong start to the year, gold has declined more than 8% since the Iran conflict began on February 28. Markets are now awaiting the minutes of the Federal Reserve’s March meeting, scheduled for release on Wednesday.
Gold Rate Today Live: Inflation fears
Research from the Federal Reserve Bank of Dallas suggests that prolonged disruption to global oil trade could push US inflation beyond 4% by the end of the year, with sharper increases possible in the near term. This would dim prospects of the US Federal Reserve cutting rates and that in turn would be a sentiment dampener for gold prices.
Gold Rate Today Live: Knee-jerk reaction?
“This is a knee-jerk relief rally and it remains to be seen if Iran complies. For gold, the 200 day-moving-average at $4,930 and then $5,000 will be key hurdles. Similarly, $80-$81 is a important level for silver,” independent metals trader Tai Wong said.
Gold Rate Today Live: Spot gold prices rise over 2%
Spot gold rose 2.3% to $4,811.66 per ounce by 2344 GMT, building on a 1.2% increase in the previous session, while US gold futures for June delivery advanced 3.3% to $4,840.20.
Donald Trump said Washington had agreed to pause attacks for two weeks and had received a 10-point proposal from Iran, which he described as a viable starting point for negotiations. His remarks came after earlier warnings that Tehran must reopen the Strait of Hormuz or face potential retaliation from the United States.
Gold, Silver Rate Today Live Updates: Elevated and high energy and crude oil prices – especially above $100 per barrel – could stoke inflation and complicate decisions by central banks on interest rate cuts. Although gold is typically viewed as a hedge against inflation and a safe-haven asset during periods of uncertainty, its attractiveness tends to diminish in a high interest rate environment as it does not generate yield.
Gold is a safe haven asset but in times of rising inflation its ability to act as an effective hedge can take a hit. However, analysts and experts are of the view that the long-term bullish outlook is in place.
