Gold Price Today: On the morning of 6th March, 2026, MCX gold April futures rose nearly 1% to ₹1,61,108 per 10 grams, and MCX silver May contracts jumped 2.4% to ₹2,68,378 per kg, as investors weighed the impact of the escalating Middle East conflict, with a slightly weaker dollar supporting dollar-denominated bullion.
Internationally, gold on Comex briefly gained $70 to $5,204 per troy ounce on 5 March but retreated to $5,140, while May silver futures pulled back to $83 after touching an intraday high of $85.75, $2.60 above the previous close.
GOLD PRICE TODAY: DAILY NEWS AND KEY EVENTS OF THE DAY | 06/03/2026
Key Events of the Day
07:00 PM – U.S. | Non-Farm Payrolls (February)
07:00 PM – U.S. | Unemployment Rate (February)
Global Gold ETFs See USD 5.3 Billion Inflows in February
Global physically backed gold ETFs continued their strong momentum in February, recording inflows of USD 5.3 billion. This marks the best two-month start to a year on record and the ninth straight month of positive inflows, as investors increased their exposure to gold amid rising geopolitical tensions and evolving macroeconomic conditions.
During the month, global gold ETF holdings climbed by 26 tonnes to reach a new all-time high of 4,171 tonnes. At the same time, rising gold prices pushed the total assets under management (AUM) to a record USD 701 billion.
Regionally, North America once again drove the majority of demand, while Asia maintained its steady streak of inflows. In contrast, Europe was the only region to register net outflows, largely due to significant early-month redemptions linked to the late-January sell-off in precious metals.
The World Gold Council thinks that the dollar will not stay strong for long
The recent short-term rebound in the US dollar index (DXY) is expected to be temporary, with the downward trend likely to resume, which we view as a key tailwind for gold prices. Factors such as dollar weakness, elevated policy and geopolitical uncertainty, and volatile capital flows create a favourable environment for gold. Additionally, continued diversification into gold by central banks offers further support. In summary, the current dollar bounce—fueled by ongoing conflicts—is probably short-lived, and a return to the downtrend should benefit gold.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver prices show very high price volatility and are unable to sustain at higher levels amid inflation worries due to Middle East conflicts and higher crude oil prices. The dollar index and the U.S. 10-year bond yields also surged due to U.S. and Iran war. Higher inflation worries could prompt global central banks to adopt hawkish monetary policies in the upcoming months, and the market is also in fear about higher interest rates due to inflation, limiting the gains of gold and silver. Polish and Venezuela are selling some portion of gold to fund their war activities and other requirements,and also hurts bullion market sentiments.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 06/03/2026
“We are experiencing very high price volatility in both precious metals, but silver prices could hold their support level of $74.00 per troy ounce, and gold prices could also hold their support level of $4,984 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, the US-Iran war and ahead of the U.S. job data.
Gold has support at $5038-4984, while resistance at $5120-5166 per troy ounce and silver has support at $80.00-76.60, while resistance is at $84.80-88.00 per troy ounce in today’s session.
At MCX, gold is having support at 158000-156600 and resistance at 161100-162800, while silver is having support at 257700-252000 and resistance at 266000-271000. We suggest avoiding fresh positions in both precious metals in today’s session ahead of the U.S. job data”
Kedia Commodity View for Today (For Gold) | 06/03/2026
“From a technical standpoint, the market is witnessing long liquidation, with open interest falling 2.75% to 7,894 lots while prices dropped by ₹1,852. Gold is currently finding support near ₹1,58,210, with the next downside level around ₹1,56,745. On the upside, resistance is seen at ₹1,62,140, and a breakout above this could push prices toward ₹1,64,605”
Kedia Commodity l View for Today (For Silver) | 06/03/2026
“From a technical perspective, the market is witnessing long liquidation, with open interest declining 2.77% to 6,349 lots while pricesfell by ₹3,369. Silver is currently finding support near ₹2,55,370, with the next downside level around ₹2,48,550. On the upside, resistance is seen at ₹2,71,630, and a breakout above this level could push prices towards ₹2,81,070”
Gold Price Today: FAQs
Q: What were the MCX gold and silver prices on 6 March 2026?
A: MCX gold April futures rose to ₹1,61,108 per 10 grams (+1%), and MCX silver May contracts jumped to ₹2,68,378 per kg (+2.4%).
Q: How did international gold and silver prices perform recently?
A: Comex gold briefly surged to $5,204 per troy ounce but fell to $5,140. May silver futures touched $85.75 before pulling back to $83.
Q: How did global gold ETFs perform in February 2026?
A: They recorded $5.3 billion in inflows, marking the ninth consecutive month of positive inflows, with holdings rising to 4,171 tonnes and AUM to $701 billion.
Q: What are the key factors influencing gold and silver prices currently?
A: Dollar weakness, geopolitical tensions (US-Iran conflict), volatile capital flows, inflation concerns, and central bank activity are driving price movements.
Q: What are the key support and resistance levels for gold and silver today?
A:
- Silver (Comex): Support $76.60–80.00 | Resistance $84.80–88.00
- Gold (MCX): Support ₹1,58,000–1,56,600 | Resistance ₹1,61,100–1,62,800
- Silver (MCX): Support ₹2,57,700–2,52,000 | Resistance ₹2,66,000–2,71,000
- Gold (Comex): Support $4,984–5,038 | Resistance $5,120–5,166
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