Gold, Silver Rate Today (Mar 6) – Live Updates: Gold near Rs 1.60 lakh, silver rises 0.21%; Iran–US–Israel conflict drives bullion sentiment

Gold and silver traded with mild gains in the domestic futures market on March 6 as of 17:54 IST. MCX gold was at Rs 1,59,900 per 10 grams, rising Rs 227 or 0.14% from the previous close of Rs 1,59,673. MCX silver also edged up to Rs 2,62,731 per kg, gaining Rs 540 or 0.21% compared with the previous close of Rs 2,62,191.

In the global market, Comex gold was trading 0.39% higher at $5,098.60 per ounce, while Comex silver gained 0.41% to $82.51 per ounce. The precious metals pack remained supported by cautious buying amid lingering geopolitical tensions and steady safe-haven demand, although gains were capped by a firm dollar and investor focus on upcoming US macroeconomic data.

Gold and silver traded modestly higher in the domestic futures market on March 6 as of 17:10 IST. MCX gold was at Rs 1,59,903 per 10 grams, rising Rs 230 or 0.14% from the previous close of Rs 1,59,673. MCX silver also advanced, trading at Rs 2,63,525 per kg, up Rs 1,334 or 0.51% compared with the previous close of Rs 2,62,191.

In the international market, Comex gold was trading 0.46% higher at $5,102.30 per ounce, while Comex silver gained 1.26% to $83.21 per ounce. Precious metals remained supported by safe-haven demand amid ongoing geopolitical tensions in the Middle East, although gains were limited as investors stayed cautious ahead of key US economic data.

Gold traded in a narrow and volatile band while silver held firm in the domestic futures market as investors tracked macroeconomic cues and geopolitical developments. Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said gold prices moved in a sideways range between Rs 1,59,500 and Rs 1,60,000, with CME gold hovering near the $5,100 level, reflecting a cautious trading session.

According to Trivedi, market participants are now closely watching key US macroeconomic data due later today, particularly the Unemployment Rate and Nonfarm Payrolls, which could influence expectations around the Federal Reserve’s policy outlook. He added that rising crude oil prices amid the ongoing conflict in Western Asia are also contributing to volatility in bullion, as markets continue to price in geopolitical risks.

Technically, Trivedi sees support for gold near Rs 1,58,000, while resistance is placed around Rs 1,62,000, suggesting prices may continue to remain range-bound unless a strong trigger emerges.

Gold traded almost flat while silver gained in the domestic futures market on March 6 as of 15:55 IST, as investors continued to track geopolitical developments in the Middle East. MCX gold was at Rs 1,59,689 per 10 grams, up Rs 16 or 0.01% from the previous close of Rs 1,59,673, indicating cautious positioning in the bullion market. MCX silver traded stronger at Rs 2,64,404 per kg, rising Rs 2,213 or 0.84% compared with the previous close of Rs 2,62,191.

In the international market, Comex gold was trading at $5,091.60 per ounce, up 0.25%, while Comex silver gained 1.03% to $83.03 per ounce. Precious metals continue to draw intermittent safe-haven demand as investors remain wary of the ongoing U.S.–Iran tensions and broader instability in the Middle East, which have kept volatility elevated in global markets. While geopolitical risks typically support bullion, intermittent profit booking and a firm dollar have limited sharper upside in gold, whereas silver is witnessing stronger momentum due to its dual role as both a safe-haven and an industrial metal.

Gold and silver traded marginally higher in the domestic futures market on March 6 as of 15:08 IST. MCX gold was at Rs 1,59,800 per 10 grams, up Rs 127 or 0.08% from the previous close of Rs 1,59,673. Silver also edged up, trading at Rs 2,63,244 per kg, gaining Rs 1,053 or 0.4% compared with the previous close of Rs 2,62,191. In the international market, Comex gold was trading 0.59% higher at $5,108.80 per ounce, while Comex silver advanced 2.05% to $83.865 per ounce, indicating a firmer undertone in global precious metals.

Gold prices are extending their decline for the fourth consecutive session as profit-taking continues to weigh on the precious metal despite lingering geopolitical risks. According to Aksha Kamboj, Vice President at the India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, sustained selling pressure and fading safe-haven demand have pushed gold lower in the near term. She noted that prices may remain under pressure in the short run until a fresh global trigger revives buying interest.

Silver, meanwhile, has also edged lower compared to the previous session but the decline has been relatively limited. Kamboj highlighted that the white metal is showing greater stability than gold, even as overall market sentiment has softened. Support from improving industrial demand prospects continues to underpin silver prices, helping cushion the downside despite the broader weakness in precious metals.

Silver’s recent correction despite ongoing geopolitical tensions reflects broader macroeconomic and market factors rather than a collapse in underlying demand, according to Ross Maxwell, Global Strategy Operations Lead at VT Markets. Maxwell noted that silver has already witnessed an extraordinary rally, rising 130–150% during 2025 and touching record highs in early 2026, which has naturally led to profit-taking as the metal entered overbought territory.

He added that a stronger US dollar and expectations that the Federal Reserve may keep interest rates higher for longer have reduced the appeal of non-yielding assets such as gold and silver. At the same time, exchanges have raised margin requirements for metals futures amid extreme volatility linked to geopolitical tensions, forcing leveraged traders to unwind positions and amplifying the correction.

Maxwell highlighted that silver’s dual role as both a safe-haven and industrial metal also makes it sensitive to concerns about global economic growth and demand from manufacturing sectors such as electronics and solar energy. However, he emphasised that sharp pullbacks often follow parabolic rallies and do not necessarily signal the end of the bull cycle. Long-term drivers including industrial demand, electrification, renewable energy expansion, and persistent geopolitical risks remain supportive for silver prices, although volatility is likely to persist.

Gold and silver traded higher in the domestic futures market on March 6. MCX gold was at Rs 1,60,310 per 10 grams, up Rs 637 or 0.4% from the previous close of Rs 1,59,673 as of 13:06 IST. Silver outperformed, rising 1.79% to Rs 2,66,897 per kg, gaining Rs 4,706 over the previous close of Rs 2,62,191. In the international market, as of 13:10 IST, Comex gold was trading 0.84% higher at $5,121.30 per ounce, while Comex silver advanced 2.95% to $84.60 per ounce, reflecting firm global sentiment in precious metals amid ongoing geopolitical tensions in the Middle East that continue to support safe-haven demand.

Gold prices were indicated at $5,119.27, up $34.96 or 0.69 percent, in early trading today

According to the Augmont Bullion Daily report, "Geopolitical risks remain elevated as the ongoing US–Israel conflict with Iran entered its seventh day, increasing uncertainty across the region. Iran launched missiles and drones across the Gulf, striking an oil refinery in Bahrain, while Israel continued its airstrikes on Tehran. At the same time, strong US economic data, including lower jobless claims and stronger services growth, has pushed market expectations for the next US Federal Reserve rate cut to September or October. This has supported the US dollar and created short-term headwinds for precious metals prices."

Gold is currently consolidating in the $5,100–$5,200 range, reflecting a pause after the strong rally seen earlier this year. Silver, meanwhile, is heading for a weekly decline of more than 10 percent as investors shift towards the US dollar. Normally, escalating geopolitical tensions tend to support precious metals as safe-haven assets. However, the current strength in the US dollar and rising US Treasury yields are offsetting the usual safe-haven demand, limiting the upside for both gold and silver in the near term, according to the Augmont Bullion daily report.

Today, gold is up 1 per cent to trade above $5,130 amid geopolitical risks, but a stronger dollar may limit the upside. Markets now await the February NFP data, with expectations for 59K job additions and the unemployment rate steady at 4.3 percent, with speeches from Fed officials, according to Kotak Securities Commodity Research – Metals & Energy report.

A smaller-than-expected rise in U.S. weekly jobless claims at 213K added to the downside, reinforcing expectations that the Fed may keep policy restrictive for longer. Losses accelerated after hawkish remarks from Richmond Fed President Barkin, who stated that the Fed has not yet finished tackling inflation. However, geopolitical tensions in West Asia limited the downside. Israel is reportedly preparing strikes on Iran’s underground missile facilities, while attacks on shipping routes continued and Iran threatened retaliation after a U.S. submarine sank a warship, per the report.

Gold prices across major purity levels moved higher on Friday, according to rates released by the India Bullion and Jewellers Association (IBJA). As per the association’s benchmark prices dated March 6, 2026, gold of 999 purity was quoted at Rs 16,059 per gram, while 995 purity gold stood at Rs 15,994 per gram. Gold of 916 purity was priced at Rs 14,710 per gram, while 750 purity gold was listed at Rs 12,044 per gram. Meanwhile, 585 purity gold was quoted at Rs 9,394 per gram. The IBJA rates indicated an upward movement across all purity categories in the day’s update.

Gold and silver prices on the Multi-Commodity Exchange of India (MCX) opened with modest gains at around 9:30 am on Friday. Gold prices opened at Rs 160,710 per 10 grams, slightly above the previous close of Rs 160,040.

Meanwhile, silver prices opened at Rs 267,123 per kg compared with the previous close of Rs 267,950. In early trading, silver was quoted near Rs 267,501, moving within a range of Rs 262,191 to Rs 268,991, with the metal showing a gain of about 2.03 percent on the exchange.

Gold prices in India remained elevated on Friday morning, with the latest update at 07:45 AM (India Time) showing firm rates across all major purity levels. The price of 24 karat gold stood at Rs 160,480 for 10 grams, while 22 karat gold was priced at Rs 147,107 for the same quantity. Meanwhile, 20 karat gold was trading at Rs 133,733 per 10 grams, and 18 karat gold was available at Rs 120,360. These prices reflect the ongoing trend of strong gold valuations in the domestic market, with investors and jewellery buyers closely tracking daily movements in the precious metal.

Gold prices in the international market moved higher in the latest session, supported by renewed buying interest in safe-haven assets. Spot gold was trading at about 5,140.08 dollars, up by 55.77 or around 1.10 percent, indicating steady demand amid global economic and geopolitical uncertainty. Silver also showed stronger momentum, with prices rising to about 84.26 dollars, gaining 1.71 or roughly 2.07 percent during the session as investors increased exposure to precious metals.