Gold, Silver Prices Today Live Updates: Gold surges 0.28% up on MCX; silver follow suit at Rs 2.49 lakh

The Indian Bullion Jewellers Association (IBJA) pegged the price of gold 1.82 percent higher at Rs 1,54,735, and silver 3.37 percent higher at Rs 2,44,772 in their 18:30 pm rate session. Gold traded positively after US–Iran talks failed to yield a constructive outcome, reigniting military tensions and prompting fresh safe-haven buying.

Gold futures on the MCX were marginally higher, trading 0.05 percent up at Rs 1,55,835 per 10 grams around 5:24 pm IST on February 19. Silver futures, however, turned negative, falling 0.98 percent to Rs 2,41,883 per kilogram. In the international market, Comex gold slipped 0.14 percent to $5,002.50 per ounce, while Comex silver managed to stay in the green, rising 0.48 percent to $77.970 per ounce. The mixed trend reflects profit-booking and cautious global sentiment in precious metals.

“Gold traded positive after U.S.–Iran talks failed to yield a constructive outcome, reigniting military tensions and prompting fresh safe-haven buying. However, gains remained capped near 156000rs 500rs gains as delayed rate cut expectations and profit booking at major zone limited upside momentum. On the technical front, resistance is seen in the $5,000–$5,025 zone on Comex and ₹1,57,500–₹1,58,500 on MCX, while support is placed near $4,925 and ₹1,52,000. Volatility is likely to persist amid geopolitical headlines and Fed rate outlook cues."

--Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold futures on the MCX eased slightly but remained in positive territory, trading 0.25 percent higher at Rs 1,56,156 per 10 grams around 3:53 pm IST on February 19. Silver futures also trimmed gains, rising 0.61 percent to Rs 2,45,750 per kilogram. In the international market, Comex gold was nearly flat, up just 0.02 percent at $5,010.30 per ounce, while Comex silver held modest gains of 0.94 percent at $78.330 per ounce. The pullback indicates mild profit-booking after earlier strength in precious metals.

Gold futures on the MCX were trading 0.34 percent higher at Rs 1,56,293 per 10 grams around 3:06 pm IST on February 19. Silver futures also stayed in the green, rising 0.77 percent to Rs 2,46,084 per kilogram. In the international market, Comex gold was up 0.29 percent at $5,023.80 per ounce, while Comex silver gained 1.43 percent to trade near $78.735 per ounce. Precious metals remained mildly firm in afternoon trade amid mixed global cues and cautious positioning.

According to the Augmont Bullion Daily Report dated February 19, precious metals edged higher after the latest Federal Reserve minutes signalled a divided policy stance. Gold continues to consolidate amid thin liquidity during the Lunar New Year holiday week, with several major Asian markets shut, keeping volumes subdued. The muted price action appears largely technical rather than driven by fresh fundamentals. The report noted traders have trimmed expectations of multiple rate cuts this year, with focus now shifting to upcoming GDP and PCE data. Meanwhile, resurfacing Iran tensions could provide underlying support to gold if risks escalate further.

According to the Augmont Bullion Daily Report published on February 19, gold has rebounded from its key support near $4,850 (around ₹1,50,000) and is gradually advancing toward the resistance zone of $5,100 (about ₹1,60,000). The report suggests traders may adopt a buy-on-dips approach near support and consider booking profits on rallies until a decisive breakout occurs. Silver has also bounced from its support band of $70–$90 (around ₹2,25,000) and is now moving toward resistance levels of $85 (₹2,68,000) and $90 (₹2,85,000). Given silver’s higher volatility, a buy-on-dips and sell-on-rallies strategy is recommended within the current range.

The Indian Bullion Jewellers Association (IBJA) fixed the standard gold price at Rs 1,54,735 per 10 grams (Gold 999) in its 12:30 pm rate session on February 19. IBJA, which updates benchmark bullion prices twice daily at 12:30 pm and 6:30 pm, also set the standard silver price (Silver 999) at Rs 2,45,230 per kilogram in the morning session. These benchmark rates serve as the industry reference for physical bullion trade across India.

Gold futures on the MCX were trading 0.85 percent higher at Rs 1,57,080 per 10 grams around 12:38 pm IST on February 19. Silver futures also moved up, rising 1.43 percent to Rs 2,47,750 per kilogram. In the international market, Comex gold was up 0.53 percent at $5,036.30 per ounce, while Comex silver gained 1.43 percent to trade near $78.705 per ounce. The uptick in precious metals reflects steady global cues and continued investor interest in bullion.

Gold price on MCX was trading 0.28 percent up at Rs 1,56,204 per 10 grams as of 11:53 am IST, while silver gained 0.52 percent at Rs 2,48,832 per kilogram. On Comex, gold is up 0.17 percent at $5,018.20, and silver 0.38 percent at $78 per ounce. Markets now await the minutes from the Federal Reserve’s January meeting for clearer cues on the future path of interest rates, which could shape the next move in precious metals. Traders are pricing in at 94.1 percent probability of a 350–375 basis-point outcome at the upcoming Federal Reserve policy meeting.

The removal of additional margins by MCX and NSE on gold and silver futures is likely to support near-term sentiment in bullion markets. Lower margin requirements reduce trading costs and capital blockages, thereby improving liquidity and participation. For gold, this may help stabilise prices after the recent correction, while silver could see relatively stronger volume-led moves given its higher volatility.

Read more MCX, NSE withdraw additional margins on gold and silver futures as bullion volatility eases

Gold price on MCX was trading 0.06 percent up at Rs 1,55,850 per 10 grams as of 10:29 am IST, while silver gained 0.01 percent at Rs 2,47,580 per kilogram. Analysts say gold is steady, with a mild downward bias, while silver is experiencing a weak recovery. Aksha Kamboj, Vice President at IBJA, points to the reason for market stability after the recent sharp correction. "The precious metal seems to be finding its support levels as buyers start trickling in at lower prices. The recovery is a result of selective buying following the sharp correction. Price volatility may continue with traders closely monitoring global markets for any signs of sustained momentum."

Gold futures on MCX was trading 0.17 percent higher at Rs 1,56,019 per 10 grams of 24-carat purity as of 9:29 am IST. Spot gold recovered som gains on Comex to trade at $5,000.50 per ounce at 4:03 am GMT. Despite the rebound, the metal remained down 0.18 percent over the past 24 hours. Meanwhile, silver futures began the February 19 session higher at Rs 2,47,840 per kilogram, up 0.12 percent from the previous close, even as prices stayed pressured by global cues, selling activity, and heightened volatility.

Gold price on MCX opened the February 19 session down 0.14 percent at Rs 1,55,544 per 10 grams, while silver futures edged up 0.12 percent to Rs 2,47,840 per kilogram. Markets await the minutes of the Fed's January meeting for clearer signals on the future trajectory of interest rates, which may determine the next direction for precious metals.

Commodity analysts predict that the Fed’s meeting minutes and China’s market reopening are likely to inject additional volatility in the coming sessions. The broader structure for gold still reflects a weak undertone with lower highs and lower lows in place. "A decisive break above $5,000 on CME would be required to negate the short-term weakness and revive bullish momentum. Immediate support is placed near Rs 1,48,000, while resistance remains around Rs 1,55,000," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold and silver prices traded slightly lower on February 19, as stabilising geopolitical tensions reduced demand for safe-haven assets, prompting some investors to lock in gains after the recent rally. Internationally, gold prices dropped to $4,930 per ounce, while domestic futures and MCX prices ended marginally weaker. Silver also remained under pressure across global and domestic markets, tracking subdued sentiment and profit-taking activity.