New Delhi: Amid the ongoing US-Israel and Iran war, Gold and Silver prices continue to fluctuate. The All India Sarafa Association reported that the price of 24-carat gold in Delhi went up to Rs 1,51,500 per 10 grams. Meanwhile, on the Multi Commodity Exchange (MCX), the Gold Futures price declined by 0.41% today morning, dropping by Rs 590 to Rs 1,45,051 per 10 grams.
Meanwhile, Silver prices in Delhi appreciated to Rs 2,37,000 per kilogram, the All India Sarafa Association said. On MCX, silver futures appreciated by 0.03%, gaining Rs 72 to reach Rs 2,29,033 per kilogram.
On March 30, 2026, Silver and Gold rebounded by about 3 per cent in Delhi. The white metal gained by Rs 7,000 to Rs 2.37 lakh per kilogram, and gold went up to Rs 1.51 lakh per 10 grams as jewellers resorted to buying ahead of the wedding season.
Silver Price outlook
Silver declined nearly 2% toward $68 per ounce on Monday, reversing prior gains as geopolitical tensions persisted into the fifth week. Prices are now 30% lower than their March peak, reflecting sustained pressure. Escalation in the Middle East, including Houthi attacks and potential US ground operations, has driven oil prices higher, intensifying inflation concerns. This has led markets to reprice expectations, shifting from two anticipated rate cuts to a possible Federal Reserve rate hike this year, weighing heavily on non-yielding assets like silver.
Gold Price Outlook
Gold climbed toward $4,600 per ounce on Tuesday as easing oil prices provided support, but remains on track for a sharp 13% monthly decline, the worst since October 2008. Persistent pressure from an oil-driven inflation shock has shifted market expectations toward a more hawkish interest rate outlook. Ongoing Middle East tensions, including disruptions in the Strait of Hormuz and Red Sea shipping risks, continue to drive volatility. Meanwhile, Jerome Powell stated that long-term inflation expectations remain anchored, allowing policymakers to assess the broader economic impact of the conflict.