Gold Price Today: On Wednesday, April 01, the Multi Commodity Exchange (MCX) witnessed strong gains in precious metals. At 12:30 PM Gold was trading at Rs 1,49,150 per 10 grams, registering a rise of Rs 2,231 (1.52%). Meanwhile, silver also showed strength on MCX, trading at Rs 2,41,621 per kilogram, up by Rs 729 (0.30%).
On the COMEX front, gold and silver prices also witnessed gains. At 12:30 PM (IST) Gold rose by 77.20 Dollar, up nearly 1.66%, to trade at 4,724.80 Dollar per ounce. Meanwhile, silver advanced by 0.401 Dollar, gaining around 0.54%, to reach 75.32 Dollar per ounce.
Trump’s Address to the Nation on the Iran War
The White House has announced that Donald Trump will address the nation on the Iran issue at 9 PM Wednesday (6:30 AM Thursday IST), where he is expected to share important updates.
Speaking to reporters at the White House, Trump said, “We will be leaving very soon.”
He further added, “It is not necessary for Iran to make a deal. This is a new government, and they are more ready for negotiations than ever before.”
“I would say within two weeks—maybe two, or maybe three,” Donald Trump told reporters on Tuesday at the White House. “We will step back from this, because there is no reason for us to continue.”
Marco Rubio Says Military Objectives Nearly Achieved
“We are reaching a point where our military will have accomplished all its objectives in this mission, and they are doing so with extraordinary efficiency — I believe this will be recorded as one of the finest military operations in modern history.”
Trump Says US Will Not Support European Allies
US President Donald Trump on Tuesday warned Britain and France, saying Washington “will no longer be there to help you.” He expressed disappointment over their refusal to support military action against Iran.
In a post on Truth Social, Trump also criticized France, stating that it had refused to allow aircraft carrying military supplies to Israel to pass through its airspace.
China and Pakistan Call for Ceasefire
China and Pakistan jointly called for an immediate ceasefire in the Iran conflict and urged measures to ensure the safety of shipping through the Strait of Hormuz.
Both countries emphasized the need for dialogue and diplomacy to resolve the crisis, highlighting respect for sovereignty, territorial integrity, and regional security. They also urged renewed talks between Iran and the United States and stressed the role of the United Nations and multilateral cooperation in establishing lasting peace.
Rupee May Fall to 100 Against Dollar
If the Iran conflict prolongs, the Indian rupee could weaken to the record level of 100 against the US dollar—or even beyond. Strategists warn that government efforts to curb the nearly 10% decline over the past year may only offer temporary relief.
Analysts from Wells Fargo and Van Eck Associates Corp. suggest that rising oil prices could further accelerate the rupee’s decline by increasing inflation and widening the current account deficit.
Although the Reserve Bank of India (RBI) has taken steps to stabilize the currency, analysts believe these measures may provide only short-term support. The rupee’s future will largely depend on how long energy prices remain elevated. Options market pricing also reflects similar concerns, signaling further downside risks toward the 100 level.
GOLD PRICE TODAY: MANOJ KUMAR JAIN EXPERT OPINION
Manoj Kumar Jain, in his latest market outlook, said:
“Gold and silver prices have witnessed a strong rebound amid a decline in the dollar index and U.S. 10-year bond yields. The easing geopolitical tension between the U.S. and Iran has supported sentiment, with expectations that the U.S. may withdraw within the next 2–3 weeks. The dollar index slipping below 100 and bond yields falling under 4.30% have boosted safe-haven buying in precious metals.”
“U.S. consumer confidence data for March came in at 91.8, significantly higher than the estimate of 88, indicating economic resilience. Gold prices have crossed 4,600 Dollar per troy ounce, while silver has moved above 74 Dollar per ounce, signaling further upside potential. Although volatility remains high, gold may hold key support near 4,470 Dollar and silver near 64 Dollar on a closing basis this week.”
Manoj Kumar Jain Outlook for Today (COMEX Gold & Silver)
On the COMEX front, gold is expected to find support in the range of 4,640–4,585 Dollar per troy ounce, while resistance is placed between 4,740 Dollar and 4,800 Dollar per troy ounce. Similarly, silver has support levels at 71.40–68.00 Dollar per troy ounce, with resistance seen in the range of 78.00–80.40 Dollar per troy ounce.
On the domestic front, MCX gold is likely to take support between Rs 1,49,100 and Rs 1,47,700, while resistance is positioned at Rs 1,52,000–Rs 1,53,350. Meanwhile, MCX silver is expected to have support in the range of Rs 2,36,600–Rs 2,32,000, with resistance levels at Rs 2,47,000–Rs 2,51,200.
Kedia Commodity View for Today (MCX Gold)
“Technically, the market is witnessing fresh buying interest, supported by rising open interest and price momentum. Gold has immediate support at Rs 1,49,260, with further downside possible towards Rs 1,47,765. On the upside, resistance is seen at Rs 1,51,575, and a breakout above this level could push prices towards Rs 1,52,395.”
Kedia Commodity View for Today (MCX Silver)
“From a technical perspective, silver is showing strength with steady buying interest. Immediate support is placed at Rs 2,36,610, with further downside towards Rs 2,32,325. On the upside, resistance is seen at Rs 2,43,400, and a sustained move above this level could drive prices towards Rs 2,45,905.”
Gold Price Today: FAQs
1. Why did gold and silver prices rise on April 01, 2026?
Prices increased due to a combination of global economic uncertainty, declining U.S. bond yields, and a weaker dollar index. Additionally, geopolitical developments, particularly related to the Iran situation, boosted demand for safe-haven assets like gold and silver.
2. What are the current gold and silver prices on MCX and COMEX?
On MCX, gold is trading at Rs 1,49,150 per 10 grams and silver at Rs 2,41,621 per kilogram. On COMEX, gold stands at $4,724.80 per ounce, while silver is trading at $75.32 per ounce, both reflecting positive momentum.
3. How do geopolitical tensions impact gold prices?
Geopolitical tensions, such as conflicts or war-related uncertainties, increase investor demand for safe-haven assets. Gold is traditionally considered a hedge against risk, so its prices tend to rise during periods of global instability and uncertainty.
4. What key factors are currently influencing bullion markets?
Major factors include the U.S. dollar index movement, bond yields, inflation expectations, central bank policies, and geopolitical developments. In the current scenario, easing yields and global tensions are playing a significant role in driving prices higher.
5. What is the outlook for gold and silver prices in the near term?
Experts suggest that prices may remain volatile but supported at key levels. Gold is expected to hold above major support zones, while silver could see further upside if buying momentum continues. However, investors should monitor global cues and economic data closely.
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