Gold Price Today: On Thursday, March 12, 2026, precious metals opened on a slightly weaker note on the Multi-Commodity Exchange of India (MCX). At the market opening, gold April futures were trading 0.10% lower at ₹1,61,660 per 10 grams, while silver May futures were down 0.57% at ₹2,66,969 per kg.
Meanwhile, on the COMEX, as the market opened Thursday, March 12, 2026, precious metals showed mixed movement at the start of trading. Spot gold slipped 0.39% to $5,159 per ounce, falling below the $5,200 level, while spot silver edged 0.12% higher to $85.65 per ounce.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver were unable to hold their previous sessions’ gains and plunged again amid strength in the dollar index and the U.S. 10-year bond yields due to the escalation of the war in West Asia. Iran is not agreed to end the war soon and is attacking vessels passing through the Strait of Hormuz.
Crude oil prices jumped again, increasing inflation fears and limiting gains of both precious metals. Investors are also looking at other safe-haven options and shifting towards the U.S. dollar and bond markets. The U.S. inflation data came mostly as per market expectations and did not impacted much to precious metals.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 12/03/2026
“We are experiencing very high price volatility in both precious metals but silver prices could hold its support level of $74.00 per troy ounce and gold prices could also hold its support level of $4,940 per troy ounce on a closing basis this week.
We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, the US-Iran war and volatility in crude oil prices. Gold has support at $5145-5100, while resistance is at $5220-5264 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 159800-159000 and resistance at 162700-163500 while silver is having support at 265500-261600 and resistance at 271000-275000. We suggest wait for some stability in the markets for initiating fresh positions.“
Kedia Commodity View for Today (For MCX Gold) | 12/03/2026
“From a technical perspective, the market is witnessing long liquidation, with open interest declining 0.71% to 7,552 while prices dropped by ₹1,514. Gold has immediate support at 160,960, with a break below potentially testing 160,135. On the upside, resistance is seen at 162,880, and a move above this level could push prices toward 163,975”
Kedia Commodity View for Today (For MCX Silver) | 12/03/2026
“From a technical perspective, the market is witnessing long liquidation, with open interest falling 3.11% to 5,848 while prices dropped by ₹9,359. Silver has immediate support at 263,390, with a break below potentially testing 258,295. On the upside, resistance is seen at 275,290, and a move above this level could push prices toward 282,095”
Gold Price Today: FAQs
1. What are the gold and silver prices on MCX today?
As of the market opening on March 12, 2026, gold April futures were trading 0.10% lower at ₹1,61,660 per 10 grams, while silver May futures were 0.57% down at ₹2,66,969 per kg on MCX.
2. How are gold and silver performing on COMEX today?
On COMEX, spot gold slipped 0.39% to $5,159 per ounce, falling below the $5,200 level, while spot silver edged 0.12% higher to $85.65 per ounce during Asian trading hours.
3. Why are gold and silver prices volatile today?
According to market experts, volatility is being driven by a stronger U.S. dollar, rising U.S. 10-year bond yields, and geopolitical tensions in West Asia, particularly disruptions near the Strait of Hormuz that have pushed crude oil prices higher.
4. What are the key support and resistance levels for gold today?
Experts indicate gold support at $5,145–$5,100 and resistance at $5,220–$5,264 per ounce internationally. On MCX, support is seen at ₹1,59,800–₹1,59,000, while resistance is placed around ₹1,62,700–₹1,63,500.
5. What strategy are experts recommending for traders?
Analysts suggest waiting for market stability before initiating fresh positions, as precious metals are expected to remain volatile due to movements in the dollar index, crude oil prices, and ongoing geopolitical risks.
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