Gold Price Today: Silver prices on the Multi-Commodity Exchange (MCX) showed a mild recovery but largely remained subdued when the market opened on Friday, March 13, 2026. The precious metal initially faced pressure due to rising crude oil prices linked to the prolonged US-Iran conflict, though a softer US dollar helped limit deeper losses. At the market opening today, MCX silver slipped 0.7% to ₹2,66,001 per kg, while MCX gold was trading 0.3% lower at ₹1,59,764 per 10 grams. As trading progressed in early deals, both precious metals managed to trim part of their losses.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver show very high price volatility and gained in the early trading session, but were unable to hold their gains and plunged again amid strength in the dollar index and the U.S. 10-year bond yields.
The dollar index hit a 4-month high after Brent crude prices hit $100 per barrel once again due to the ongoing war in West Asia. Inflation worries due to higher crude oil and commodity prices are supporting the dollar index and limiting gains of gold and silver. However, the U.S. President once again urged Fed Chairman Powell to cut interest rates, which could support gold and silver prices at lower levels”
Manoj Kumar Jain View for Today (For Gold and Silver) | 13/03/2026
“We are experiencing very high price volatility in both precious metals but silver prices could hold their support level of $78.00 per troy ounce and gold prices could also hold its support level of $5,000 per troy ounce on a closing basis this week.
We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index, US-Iran war and volatility in crude oil prices. Gold has support at $5084-5040, while resistance at $5164-5200 per troy ounce and silver has support at $82.80-79.10, while resistance is at $88.00-90.40 per troy ounce in today’s session.
At MCX, gold is having support at 159100-157700 and resistance at 161500-162650, while silver is having support at 261600-255500 and resistance at 272000-278000. We suggest traders could trade in a given price range in bullion, and investors could accumulate during every price dip in a staggered way from the long-term horizon.”
Kedia Commodity View for Today (For MCX Gold) | 13/03/2026
“Technically, the market is witnessing fresh selling, with open interest rising 3.6% to 7,824 while prices dropped ₹1,518. Gold has immediate support at 159,270, with a break below potentially testing 158,270. On the upside, resistance is seen at 162,130, and a move above this level could push prices toward 163,990.”
Kedia Commodity View for Today (For MCX Silver) | 13/03/2026
“From a technical perspective, the market is witnessing fresh selling pressure, with open interest rising 1.57% to 5,941 lots even as prices declined by ₹529, suggesting new short positions entering the market. Immediate support is seen near ₹264,445, and a break below this level could push prices toward ₹260,925. On the upside, resistance is likely around ₹273,215, and a sustained move above this level may open the door for a test of ₹278,465.”
Gold Price Today: FAQs
1. What were the gold and silver prices on MCX today?
At the market opening on March 13, 2026, MCX gold was trading 0.3% lower at ₹1,59,764 per 10 grams, while MCX silver slipped 0.7% to ₹2,66,001 per kg.
2. Why did gold and silver prices decline today?
Prices came under pressure due to rising crude oil prices, a stronger dollar index, and higher U.S. bond yields, which typically reduce the appeal of precious metals.
3. How is the US-Iran conflict affecting bullion prices?
The ongoing conflict has pushed crude oil prices higher, raising inflation concerns and strengthening the dollar, which can limit gains in gold and silver.
4. What are the key MCX support and resistance levels for gold and silver?
- MCX Gold: Support at ₹1,59,100–₹1,57,700, resistance at ₹1,61,500–₹1,62,650.
- MCX Silver: Support at ₹2,61,600–₹2,55,500, resistance at ₹2,72,000–₹2,78,000.
5. What strategy are experts recommending for investors?
Experts suggest trading within the given range in the short term, while long-term investors may accumulate gold and silver gradually during price dips.
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