Gold, Silver Rate Today (Mar 10) – Live Updates: MCX gold up 0.87%, silver gains 2.86% as US-Israel-Iran conflict keeps bullion elevated

Precious metals continued to trade in the green in the late session on March 10 (17:36 IST), supported by gains in international markets. On the MCX, gold was trading at Rs 1,61,693 per 10 grams, up Rs 1,394 or 0.87% from the previous close of Rs 1,60,299. Silver also maintained strong momentum, quoted at Rs 2,74,808 per kg, gaining Rs 7,648 or 2.86% compared with its previous close of Rs 2,67,160. In global trade, Comex gold was priced at $5,181.70 per ounce, rising 1.53%, while Comex silver advanced 4.68% to $88.475 per ounce, reflecting sustained buying interest in bullion markets.

Precious metals continued to trade higher in the afternoon session on March 10 (16:26 IST), supported by firm global cues.

On the Multi Commodity Exchange (MCX), gold was quoted at Rs 1,61,850 per 10 grams, gaining Rs 1,551 or 0.97% compared with the previous close of Rs 1,60,299.

Silver also remained in positive territory, trading at Rs 2,75,038 per kg, up Rs 7,878 or 2.95% from its previous close of Rs 2,67,160.

Internationally, bullion prices were also higher. Comex gold traded at $5,180.70 per ounce, up 1.51%, while Comex silver advanced 4.82% to $88.595 per ounce, indicating sustained buying interest in the global precious metals market.

Gold and silver remained firmly higher in the domestic futures market on March 10 as of 15:35 IST, tracking strong gains in international bullion markets. MCX gold was trading at Rs 1,61,762 per 10 grams, up Rs 1,463 or 0.91% from the previous close of Rs 1,60,299. MCX silver continued to outperform, rising Rs 9,026 or 3.38% to Rs 2,76,186 per kg, compared with the previous close of Rs 2,67,160. In global markets, bullion prices also remained strong. Comex gold was trading 1.70% higher at $5,194.90 per ounce, while Comex silver surged 5.85% to $89.47 per ounce, reflecting sustained buying interest in precious metals.

Gold and silver continued to trade firmly higher in the domestic futures market on March 10 as of 14:59 IST, supported by strong gains in international bullion prices.

MCX gold was trading at Rs 1,62,137 per 10 grams, up Rs 1,838 or 1.15% from the previous close of Rs 1,60,299.

MCX silver posted sharper gains, climbing Rs 9,969 or 3.73% to Rs 2,77,129 per kg, compared with the previous close of Rs 2,67,160.

In global markets, bullion also remained in the green. Comex gold was trading 1.70% higher at $5,190.40 per ounce, while Comex silver surged 5.79% to $89.415 per ounce, reflecting strong momentum in precious metals.

Gold and silver prices surged sharply in the domestic futures market on March 10 as of 14:15 IST, tracking strong gains in international bullion markets.

MCX gold was trading at Rs 1,62,254 per 10 grams, up Rs 1,955 or 1.22% from the previous close of Rs 1,60,299.

MCX silver recorded a sharper rally, rising Rs 10,497 or 3.93% to Rs 2,77,657 per kg, compared with the previous close of Rs 2,67,160.

In the global market, precious metals also advanced strongly. Comex gold was trading 1.78% higher at $5,194.60 per ounce, while Comex silver surged 5.86% to $89.475 per ounce, reflecting strong buying interest in bullion.

The United States–Israel conflict with Iran entered its 11th day on March 10, 2026, and West Texas Intermediate (WTI) crude futures dropped below $90 per barrel after rising to nearly $119 a day earlier, following comments by US President Donald Trump suggesting that the war with Iran could end soon.

A day before, the spike came as several Gulf nations reduced output after the recent drone attacks. The United Arab Emirates and Kuwait have joined Iraq's earlier production cuts. Meanwhile, Saudi Arabia has shut down its largest refinery, and Qatar has halted operations at key LNG production facilities. (Read here for more)

The India Bullion & Jewellers Association (IBJA) pegged the standard price of gold (999 purity) at Rs 1,60,436 per 10 grams in its 10 March morning rate session, while gold of 995 purity was fixed at Rs 1,59,794 per 10 grams.

Meanwhile, silver (999 purity) was priced at Rs 2,72,830 per kg in the same session. These benchmark rates are widely used by bullion dealers across India and also serve as the reference for pricing mechanisms such as the Sovereign Gold Bond valuations conducted by the Reserve Bank of India.

The latest rates come amid heightened volatility in global bullion markets as investors closely track geopolitical developments in West Asia and evolving interest-rate expectations in the United States.

The domestic futures price of gold moved slightly up from early lows, hovering at Rs 1,62,039 per 10 grams, up 1.09 percent from the previous close. Silver remains bullish with a 3.81 percent gain at Rs 2,77,326 per kilogram, as of 12:20 pm.

The Augmont Bullion report, published on March 10, noted that precious metal prices rebounded, supported by a pullback in the US dollar. "As expectations grew that the Iran conflict could end sooner than initially feared, safe-haven demand for the dollar eased, allowing precious metals to recover." Gold continues to maintain a bullish bias, with prices expected to move towards $5,250 (Rs 1.65 lakh) and $5,300 (Rs 1.67 lakh) in the near term. Strong support is seen around the $5,000 (Rs 1,58,500) level, which is likely to act as a key buying zone on any corrective dips. After achieving the $90 target, silver remains firmly supported and continues its upward momentum, with the next upside target around $95 (Rs 2.85 lakh). On the downside, strong support is placed near $80 (Rs 2.60 lakh), suggesting that any short-term corrections could attract fresh buying interest.

The domestic futures price of gold was slightly up from early trade, hovering at Rs 1,62,160 per 10 grams, up 1.16 percent from the previous close. Silver is up 3.74 percent at Rs 2,77,150 per kilogram. Precious metals remain supportive despite some improvement in global risk sentiment following indications of easing geopolitical tensions in the Middle East and a pullback in crude oil prices after a brief surge above $100 per barrel.

Rising inflation concerns amid ongoing war-related risks are making the Federal Reserve cautious on rate cuts, which is limiting fresh upside momentum in bullion. As a result, gold has been moving sideways over the past few sessions. "For now, MCX Gold is expected to trade within a range of Rs 1.58 lakh to Rs 1.64 lakh, with geopolitical developments and interest rate expectations remaining key drivers," said Jateen Trivedi, VP Research Analyst (Commodity & Currency) at LKP Securities.

Gold is currently continuing its slide from the previous closing price, as the sharp correction in precious metals that started recently is showing no signs of abating. According to Aksha Kamboj, Vice President of IBJA, "The metal has corrected after an extended rally that took the price to record highs, prompting investors to take some profits off the table. Yet, the price of the precious metal is still higher than it was before the correction, showing that the demand for the precious commodity has not yet died down."

Gold prices fell in early trade on March 10, while silver rose on industrial demand amid the escalating US-Israel-Iran conflict drove up oil prices and strengthened the dollar. The domestic gold futures on MCX opened the Tuesday session 0.77 percent lower at Rs 1,60,387 per 10 grams of 24-carat purity. Silver, on the other, hand rose sharply by 3.77 percent to Rs 2,77,233 per kilogram.