Gold, Silver Rate Today (Feb 24) – Live Updates: Gold slides 0.25% near Rs 1.59 lakh on MCX; silver follows suit amid global tariff uncertainty

Gold and silver prices showed a divergent trend on February 24, with domestic bullion under pressure while international silver held gains. MCX gold fell 0.84% to Rs1,60,242, while MCX silver dropped sharply by 2.12% to Rs2,59,701. On the global front, Comex gold declined 0.93% to $5,176.80 per ounce, whereas Comex silver bucked the trend, rising 0.96% to $87.40 per ounce, reflecting mixed safe-haven demand and cautious global sentiment.

Gold’s powerful uptrend has been underpinned by a mix of structural demand and macroeconomic stress, according to the latest quarterly report by Motilal Oswal Financial Services Limited. The report highlights that the yellow metal decisively crossed the $5,000 mark in early 2026 after global demand exceeded 4,800 tonnes in 2025, outpacing mine supply. Sustained central-bank buying—nearly 1,000 tonnes for the fourth straight year—along with rising investor participation and tightening exchange inventories has strengthened the supply-demand imbalance. Elevated geopolitical risks and mounting US fiscal pressures have further reinforced gold’s appeal as a reserve asset, keeping the broader outlook constructive.

“Gold traded in a range with minor weakness near ₹1,60,650 as CME Gold faced resistance around $5,175. Optimism over possible US–Iran talks on Thursday has slightly cooled risk premium, keeping prices capped at higher levels. Support is placed near ₹1,58,000 for the April contract, while resistance remains around ₹1,62,500. Volatility is expected to stay elevated given ongoing geopolitical developments, as any escalation or breakdown in talks could quickly revive safe-haven buying."

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

Gold and silver remained supported in the physical and futures markets as uncertainty over US trade policy and geopolitical risks kept safe-haven demand intact. As per the IBJA report dated February 24, Gold 999 (PM) was quoted at Rs1,58,220 per 10 gm, while Silver 999 (PM) stood at Rs2,64,075 per kg. On the global front, COMEX gold April futures settled near $5,225.60, up 2.85%, while silver March futures rose over 5% to around $87.22. Analysts expect bullion on Indian bourses to remain range-bound to higher in the near term amid persistent macro uncertainty.

Gold prices remained under mild pressure in the afternoon session, while silver held firm. MCX gold declined 0.57% to Rs1,60,675, slipping below the Rs 1.61 lakh mark. In contrast, MCX silver rose 0.21% to Rs2,65,886. Globally, Comex gold fell 0.72% to $5,187.90 per ounce, whereas Comex silver gained 1.50% to $87.870, reflecting continued resilience in silver compared with gold.

Gold prices remained under mild pressure in afternoon trade, while silver continued to outperform. MCX gold slipped 0.55% to Rs1,60,717, whereas MCX silver rose 0.39% to Rs2,66,360. In the global market, Comex gold declined 0.59% to $5,194.70 per ounce, while Comex silver advanced 1.44% to $87.820. The divergence highlights sustained buying interest in silver even as gold sees modest profit-taking.

Gold prices traded slightly lower on Monday afternoon, while silver maintained a positive bias across markets. MCX gold was at Rs1,60,731, down 0.54%, whereas MCX silver gained 0.18% to Rs2,65,800. Globally, Comex gold declined 0.52% to $5,198.50 per ounce, while Comex silver rose 1.26% to $87.665. The mixed trend in bullion reflects cautious investor positioning amid ongoing global macro and trade uncertainties.

The Indian Bullion Jewellers Association (IBJA) pegged the standard gold price at Rs 1,59,503 per 10 grams of 999 purity on their afternoon trade, up 0.68 percent from the previous close. Likewise, silver was trading at Rs 2,66,535 per kilogram, representing 0.37 percent gain.

Gold prices edged lower on Monday, while silver traded largely steady across domestic and global markets. MCX gold slipped to Rs1,60,709, down 0.59%, whereas MCX silver inched up marginally by 0.09% to Rs2,65,585. In the international market, Comex gold declined 0.71% to $5,188.70 per ounce, while Comex silver gained 1.72% to $88.065. The mixed trend reflects cautious sentiment in bullion amid evolving global trade and macroeconomic cues.

The Augmont report, published on February 24, noted that gold and silver climbed to a 3-week high, supported by renewed safe-haven demand. Market sentiment turned cautious after U.S. President Donald Trump reacted strongly to a court decision and imposed a blanket 15% tariff on imports — the maximum permitted under the law — while maintaining that trade agreements with nearly 20 countries should remain intact. It estimates, as gold achieved the target of $5200 (Rs 1,60,000), technical breakout indicates renewed bullish momentum, with prices now likely targeting the next resistance zones at $5,300 (Rs 1,63,000) and $5,400 (Rs 1,66,000). Silver achieved the $85 (Rs 2,60,000) target. Prices are now gradually approaching the next resistance level of $90 (Rs 270,000) and $92 (Rs 2,80,000).

Gold and silver prices on MCX recover marginally, though continue to trade in the red zone. The futures price of gold posted a 0.64 percent decline at Rs 1,60,565, and silver traded down 0.27 percent at Rs 2,63,728 on February 24 as of 11:10 am IST.

Here's what Ross Maxwell, Global Strategy Operations Lead at VT Markets, says about why gold is poised to benefit from inflation and policy Risks.

A global 15 percent tariff would act as a shock across global supply chains. Especially for import-reliant sectors that would face higher input prices, forcing firms to either sacrifice margin to stay competitive, look to sourcing from other countries, or pass costs to consumers. This would likely lead to inflationary pressures, particularly in goods produced cross-border. As we have seen previously, retaliation from trading partners could reduce global trade volumes, slowing global growth while keeping prices higher, which could push the global economy towards a dangerous and unwanted stagflation environment. Initial risk aversion might lift the USD as investors seek safe havens, but weaker growth expectations and shifting capital flows could produce sharp reversals and volatility across the currency markets. Gold tends to benefit from that instability because it serves as a hedge against policy missteps, inflation uncertainty, and reserve concentration risk. Central banks, especially in emerging economies, would be more likely to continue diversifying reserves into gold as trade issues could erode confidence in the USD. If tensions escalate into a sustained tariff war, the key driver for gold becomes real yields. Tariff-driven inflation, combined with softer growth, typically pushes real rates lower, which is supportive of gold prices. The main downside risk would be a liquidity event that forces investors to sell gold to cover losses in other markets. Protectionism, reserve diversification, and macro volatility point to a higher support for gold prices, with short-term volatility spikes during headline.

Gold and silver prices on MCX and Comex continue to decline amid global tariff uncertainty and a stronger dollar. The yellow metal posted a 0.61 percent decline at Rs 1,58,320, and silver traded a 0.6 percent decline at Rs 2,63,728 on February 24 as of 10:04 am IST.

Gold and silver prices on MCX and Comex continue to slide amid global tariff uncertainty and a stronger dollar. The yellow metal posted a 0.65 percent decline at Rs 1,58,250, and silver traded a 0.45 percent decline at Rs 2,64,150 on February 24 as of 9:28 am IST. On Comex, gold was trading at $5,195 and silver $86.97 per ounce.

Gold and silver prices opened the MCX session marginally lower, mirroring the international prices amid global tariff uncertainty. The domestic futures price of gold opened at Rs 1,58,882 per 10 grams of 24-carat purity, down 0.25 percent. Silver traded at Rs 2,64,972 per kilogram, which is a decline of 0.14 percent from the previous close.

Gold price on Comex was trading at $5,180.60 per ounce during the morning trade, down 0.86 percent in the last 24 hours. The metal closed the Monday session on MCX at Rs 1,59,334 per 10 grams of 24-carat purity, up 0.03 percent from the previous close. Likewise, the Indian Bullion Jewellers Association (IBJA) pegged the standard gold price at Rs 1,58,428 per 10 grams of 999 purity, up 2.58 percent from the previous close. Silver was trading at $86.02 per ounce, down 0.64 percent. The metal closed the Monday trade at Rs 2,65,350 per kilogram, up 0.01 percent. The IBJA pegged the standard silver price at Rs 2,64,075 per kilogram of 999 purity.