Gold, Silver Rate Today (Mar. 19) – Highlights: Gold, silver extend losses; MCX gold tumbles over 5% to 1.45 lakh, silver cracks 9% to 2.25 lakh amid firm dollar, spike in crude oil prices

Gold fell below $4,700 on Comex as the US Fed kept rates steady at 3.50%–3.75% and flagged uncertainty around inflation due to rising oil prices, Manav Modi of Motilal Oswal Financial Services said on Thursday. Despite geopolitical tensions, bullion remained under pressure amid expectations of prolonged higher interest rates. Escalating US-Israel-Iran tensions and disruptions in the Strait of Hormuz have kept crude above $100, adding to inflation concerns. The Fed signalled a wait-and-watch approach, with elevated inflation and strong US data dampening hopes of rate cuts, limiting gold’s upside.

According to Dr. Renisha Chainani of Augmont, festive demand for gold and silver remains resilient despite elevated prices, driven by cultural affinity and wealth preservation. While higher rates may push buyers towards lightweight jewellery and digital options, overall sentiment stays strong during auspicious occasions. She noted that global volatility could keep prices elevated, but dips are likely to attract fresh buying. Silver is increasingly emerging as a more affordable gifting alternative, with the festive season expected to support demand and reinforce a bullish long-term outlook for precious metals.

Bullion prices saw a steep decline in late trade on March 19, tracking weak global cues. On the MCX, gold fell Rs 5,825, or 3.81%, to Rs 1,47,200 per 10 grams, compared to the previous close of Rs 1,53,025. Silver dropped even more sharply, down Rs 16,912, or 6.81%, to Rs 2,31,282 per kg versus Rs 2,48,194 earlier. In global markets, Comex gold declined 4.32% to $4,684.60 per ounce, while Comex silver plunged 9.02% to $70.595, reflecting heavy selling pressure across precious metals.

Jateen Trivedi of LKP Securities has said that gold has come under sharp pressure, falling over $100 in a session and nearly $300 in two days, amid a stronger dollar, rising bond yields, and the US Fed’s “higher-for-longer” rate stance. Inflation concerns driven by rising crude prices and Iran-related tensions are limiting safe-haven appeal. Gold has slipped to near one-month lows around $4,700. On MCX, resistance is seen near Rs 1,50,000, while support lies in the Rs 1,44,000–1,42,000 zone, with the short-term trend weak and volatile.

Silver futures tumbled by Rs 9,031 to Rs 2.39 lakh per kilogram on Thursday, marking the seventh straight session of losses, as rising crude oil prices and a hawkish US Federal Reserve outlook dampened investors' sentiment. On the Multi Commodity Exchange, the white metal for the May delivery slumped by Rs 9,031, or 3.64 per cent, to Rs 2,39,163 per kilogram in a business turnover of 6,372 lots. Analysts said persistent inflation concerns, driven by elevated crude oil prices, have reduced safe-haven demand for precious metals by lowering expectations of near-term interest rate cuts by the Federal Reserve. Globally, silver futures for the May contract on the Comex extended losses for the seventh consecutive session, declining by USD 4.89, or 6.31 per cent, to USD 72.69 per ounce.

Source: PTI

Gold prices plunged by Rs 3,616 to Rs 1.49 lakh per 10 grams in futures trade on Thursday, tracking weak global trends and a firm US dollar. On the Multi Commodity Exchange, the yellow metal for the April delivery depreciated by Rs 3,616, or 2.36 per cent, to Rs 1,49,409 per 10 grams in a business turnover of 7,387 lots. Analysts said precious metal prices came under intense pressure as a stronger dollar and US Treasury bond yields reduced the appeal of the safe-haven asset. In the international market, gold futures for the April contract on the Comex dipped by USD 120.84, or 2.47 per cent, to USD 4,775.36 per ounce in New York.

Source: PTI

IBJA gold prices edged lower in the morning session on March 19, with 24K (999 purity) gold quoted at Rs 1,51,637 per 10 grams, while 22K (995 purity) gold stood at Rs 1,51,030 per 10 grams. Silver (999 purity) was priced at Rs 2,36,809 per kg, holding firm in early trade. The latest IBJA rates reflect subdued domestic sentiment in bullion, even as global cues and currency movements continue to influence price trends.

Precious metals declined sharply on March 19, following peak performance of dollar amid rising crude prices. Domestic gold futures on MCX dropped 2.85 percent to Rs 1,48,954 per 10 grams, and silver fell 5.15 percent to Rs 2,35,420 per kilogram (13:16 IST). The international spot prices of bullions were also trading lower on early Comex trade. According to Investing report, citing OCBC analyst, "Unless there is a meaningful shift lower in USD, real yields or a clear re-pricing back towards Fed easing, gold may struggle to sustain upside momentum."

Bullions continue to decline amid rising crude prices and a firmer US dollar. The domestic futures gold traded 2.30 percent lower to Rs 1,49,500 per 10 grams, while silver declined 4.53 percent to Rs 2,36,960 per kilogram (12:28 IST). The international spot gold fell 2.60 percent to just above $4,769 per ounce, and silver edged 6.74 percent lower, hovering just above $72 per ounce.

The Augmont Bullion report, published on March 19, noted that gold and silver remain under pressure as stronger US producer inflation and a firm dollar outweigh safe-haven demand from Middle East tensions. Elevated real yields continue to cap upside, keeping sentiment weak despite geopolitical risks. Gold has reached its $4,850 (Rs 1.52 lakh) support and may consolidate near current levels. Silver is testing key support at $75 (Rs 2.50 lakh), while a breakdown could extend declines toward $72–$70 (Rs 2.35–2.30 lakh).

Bullions continue to decline amid rising crude prices and a firmer US dollar. The domestic futures gold traded 0.87 percent lower to Rs 1,51,700 per 10 grams, while silver declined 2.42 percent to Rs 2,42,261 per kilogram (11:23 IST) from its previous close. The international spot gold fell 1.21 percent to just above $4,837 per ounce, and silver edged 2.45 percent hovering just above $75 per ounce during the early trade.

The Federal Reserve has decided to maintain rates at 3.5% to 3.75%. According to analyst, the stance reveals that committee is grappling with a geopolitical shock and persistent inflation. Chair Powell confirmed that several officials shifted their forecasts from two cuts down to just one. According to Justin Khoo, Senior Market Analyst (APAC) at VT Markets, "This shift follows a rise in inflation projections to 2.7%, largely driven by the three week old Iran war and its impact on the global oil market. The resulting policy uncertainty creates a strong tailwind for gold and silver. As the market weighs the transition from Powell to Kevin Warsh amidst legal subpoenas and regional war, the U.S. dollar may face pressure from a perceived leadership vacuum. This instability enhances safe haven demand as investors seek protection from potential stagflation."

Bullions continue to trade lower on MCX amid tensions with Iran, which is blocking 20 percent of the world's oil consumption, boosting oil prices, but a firmer dollar caps the upside. The domestic futures price of gold fell 0.72 percent to Rs 1,51,930 per 10 grams of 24-carat purity, while silver edged 1.63 percent lower to Rs 2,44,150 per kg.

Bullions opened Thursday's MCX session lower as a firmer dollar caps the upside. The domestic futures price of gold traded 0.57 percent lower to Rs 1,52,150 per 10 grams of 24-carat purity, while silver edged 1.21 percent lower to Rs 2,45,197 per kilogram. Bullions traded lower as tensions linked to the Iran conflict continue to disrupt nearly a quarter of global oil consumption, boosting crude prices and supporting the US dollar.

The international spot price of gold edged 0.75 percent down to $4,859 per ounce on Comex, and silver 1.20 percent lower, hovering just above $76 per ounce during the early trade. MCX gold closed the session in a positive zone near Rs 1,53,100 per 10 gm, whereas silver declined 0.2 percent lower to Rs 2,47,700 per kg from its previous close.