Gold, Silver Rate Today (Mar 11) – Highlights: Gold slips nearly 1% on MCX, silver close to 4% amid oil volatility, macro uncertainty

Gold futures price declined 0.88 percent at Rs 1,61,861 per 10 grams, while silver retreated 3.7 percent to Rs 2,67,574 per kilogram as of 8:49 pm. Precious metals had opened the MCX session marginally lower amid profit-taking, following yesterday's rally. The international spot price of gold, too, fell 1.06 percent lower at $5,186.50 per ounce, and silver dipped 4.50 percent at $88.55 per ounce.

Gold trimmed some losses in the final trading hour on March 11 (17:51 IST), while silver continued to trade lower amid weakness in global bullion markets.

On the MCX, gold was at Rs 1,62,540 per 10 grams, down Rs 763 or 0.47% from the previous close of Rs 1,63,303.

Silver was still under sharper pressure, trading at Rs 2,71,183 per kg, lower by Rs 6,667 or 2.4% compared with its previous close of Rs 2,77,850.

Globally, Comex gold was quoted at $5,199.60 per ounce, down 0.81%, while Comex silver slipped 3.23% to $86.695 per ounce, indicating continued selling across the precious metals market.

Gold and silver remained under pressure in the late session on March 11 (17:05 IST), tracking weakness in global bullion markets. On the MCX, gold was trading at Rs 1,62,203 per 10 grams, down Rs 1,100 or 0.67% from the previous close of Rs 1,63,303. Silver also continued to decline, falling Rs 6,822 or 2.46% to Rs 2,71,028 per kg, compared with the previous close of Rs 2,77,850. In international markets, Comex gold was quoted at $5,188.60 per ounce, down 1.02%, while Comex silver dropped 3.21% to $86.715 per ounce, reflecting continued selling pressure across precious metals.

Gold and silver were trading in the red on March 11 at 16:26 IST, with silver seeing sharper losses as weakness in global bullion markets weighed on prices.

On the MCX, gold slipped to Rs 1,62,157 per 10 grams, down Rs 1,146 or 0.7% from the previous close of Rs 1,63,303. The metal has been moving cautiously as investors remain watchful of global economic cues and interest rate expectations.

Silver, meanwhile, fell more sharply. The metal was trading at Rs 2,70,690 per kg, down Rs 7,160 or 2.58% from its previous close of Rs 2,77,850.

In international markets too, bullion remained under pressure. Comex gold was quoted at $5,195.10 per ounce, down 0.90%, while Comex silver declined 3% to $86.905 per ounce, reflecting broader selling across the precious metals space.

Gold prices remained under pressure on Wednesday even as geopolitical tensions in West Asia persisted, with broader macroeconomic factors limiting the metal’s safe-haven appeal.

According to Kaveri More, Commodity Analyst at Choice Broking, rising market uncertainty, reflected in an uptick in the CBOE Volatility Index, has prompted investors to hold higher cash positions instead of aggressively adding to bullion holdings. She noted that the global equity sell-off triggered by surging oil prices and ongoing Middle East tensions has increased volatility across asset classes but has not translated into sustained support for gold.

More added that expectations of the Federal Reserve maintaining interest rates at current levels have also capped bullion’s upside, as a higher-for-longer rate outlook reduces the appeal of non-yielding assets like gold. Moderating ETF inflows and recent margin requirement adjustments by CME Group have further softened investor participation.

She said MCX gold is currently hovering near Rs 1,62,300, with a sideways-to-bearish bias. Immediate support is seen around Rs 1,61,340–Rs 1,60,200, while resistance lies near Rs 1,62,340–Rs 1,63,580. With upcoming US CPI data in focus, prices are likely to remain range-bound in the near term as markets await clearer inflation signals for directional momentum.

Gold and silver traded lower in the domestic futures market on March 11 (14:57 IST), tracking weakness in international bullion prices. On the MCX, gold was quoted at Rs 1,62,263 per 10 grams, down Rs 1,040 or 0.64% from the previous close of Rs 1,63,303. Silver recorded sharper losses, slipping Rs 5,803 or 2.09% to Rs 2,72,047 per kg, compared with the previous close of Rs 2,77,850. In the global market, Comex gold was trading at $5,194.70 per ounce, down 0.90%, while Comex silver declined 2.55% to $87.305 per ounce, reflecting selling pressure across the precious metals complex.

Gold prices are recovering from the previous session as renewed buying interest improves sentiment across the precious metals market, while silver is witnessing stronger gains.

According to Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA) and Executive Chairperson at Aspect Global Ventures, gold is rebounding on the back of improving global cues and a weaker dollar following signs of easing global tensions. However, she noted that the upside remains limited as investors continue to watch developments in global politics and monetary policy.

She added that silver is rising more sharply than gold, supported by renewed investment demand and improving industrial sentiment. While silver tends to be more volatile, the current surge reflects strengthening investor confidence toward the metal.

The India Bullion & Jewellers Association (IBJA) fixed the benchmark gold price (999 purity) at Rs 1,60,692 per 10 grams in its March 10 morning rate session. Gold of 995 purity was quoted at Rs 1,59,547 per 10 grams, while silver (999 purity) was pegged at Rs 2,69,058 per kg. These IBJA rates act as key reference prices for bullion dealers across India and are also used for the valuation of instruments such as the Sovereign Gold Bond issued by the Reserve Bank of India.

Bullion prices remain supported due to competing macro forces amid the ongoing Iran war. However, the stronger US dollar and rising US Treasury yields limit the metal’s upside. Precious metal prices continue to trade sideways, with only a few marginal gains from the opening trade, though a decline from the previous close. Gold futures price was hovering at Rs 1,62,540 per 10 grams, while silver declined 1.74 percent to Rs 2,73,022 per kilogram, as of 12:43 pm IST.

Precious metal prices continue to trade sideways, with only a few marginal gains from the opening trade. Gold futures price was hovering at Rs 1,62,516 per 10 grams, while silver declined 1.51 percent to Rs 2,73,646 per kilogram. The Augmont Bullion report, published on March 11, estimates that gold's price will move towards $5,250 (Rs 1,63,500) and $5,300 (Rs 165,000) in the near term. Silver recently achieved the $90 target, with the next upside target around $95 (Rs 2,85,000) and the downside near $80 (Rs 2,60,000). Bullion prices are heavily influenced by competing macro forces and the Middle East conflict. Whereas the stronger US dollar and rising Treasury yields limit the metal’s upside.

Bullion prices continue to slump as markets await key US inflation data, while the war in West Asia continues to take violent turns despite US President Donald Trump's assurance of a rapid end to the conflict. Domestic futures gold continues to trade in negative territory, with prices 0.37 percent lower at Rs 1,62,700 per 10 grams, while silver declined 0.81 percent to Rs 2,75,599 per kilogram.

Gold and silver futures price opened the MCX session today marginally lower amid profit booking from yesterday's rally. Gold prices fell 0.28 percent to Rs 1,62,850 per 10 grams of 24-carat purity, while silver declined 0.53 percent to Rs 2,73,374 per kilogram for 999 purity.

Precious metal prices edged lower on March 11 as investors moved to book profits. Despite the dip, bullion continues to find support amid mixed signals over a possible end to the West Asia conflict, which has disrupted global energy supplies. Spot gold was trading 0.60 percent lower at $5,210.80 per ounce, while silver fell 1.16 percent to $88.55 per ounce. In the domestic market, gold futures closed Tuesday’s session 0.06% lower at Rs 1,63,201 per 10 grams, while silver futures declined 0.31 percent to Rs 2.77 lakh per kilogram.