Investors are now looking ahead to the release of the delayed personal consumption expenditures (PCE) index for January on Friday.
MCX silver futures for May 2026 fell by Rs 2,126 or 0.8% to Rs 2,66,362 per kg. Meanwhile, gold futures for April 2026 delivery fell by Rs 708 or 0.43% to Rs 1,61,081 per 10 grams.
In international markets, silver was down 0.1 percent at $5,172.86 an ounce by 0221 GMT, while US gold for April was unchanged at $5,178. Meanwhile, silver fell 0.3% to $85.49 an ounce.
How should gold be traded?
“We are witnessing very high volatility in both precious metals. However, silver prices may hold the support level of $74.00 per troy ounce, while gold may hold its support at $4,940 per troy ounce this weekend. We expect gold and silver to remain volatile amid changes in the dollar rate and the dollar price war. Crude oil prices,” said Manoj Kumar Jain of Prithvi Finmart.
According to him, the price of gold is in the range of 5,145 to 5,100 dollars and 5,220 to 5,264 dollars per troy ounce resistance. Meanwhile, the price of gold in today’s session has support from $82.80 to $79.10 and resistance from $88.00 to $90.40.
On the Multi Commodity Exchange of India, gold has support between Rs 1,59,800 to Rs 1,59,000 and resistance between Rs 1,62,700 and Rs 1,63,500, while silver has a range between Rs 2,65,500 and Rs 2,61,600 and resistance between Rs 2,700 and Rs 2,700. 2,700 supports up to Rs. 2,75,000 Jain advised investors to wait for some stability in the markets before starting new positions.
Gold, silver prices today, March 12, 2026, in major cities
Gold price today in Delhi
The price of standard gold (22 carat) in Delhi is Rs 1,19,888 per 8 grams, while the price of pure gold (24 carat) is Rs 1,30,776 per 8 grams.
Gold price today in Mumbai
The price of standard gold (22 carat) in Mumbai is Rs 1,19,768 per 8 grams, while the price of pure gold (24 carat) is Rs 1,30,656 per 8 grams.
Gold price today in Chennai
The price of standard gold (22 carat) in Chennai is Rs 1,20,968 per 8 grams, while the price of pure gold (24 carat) is Rs 1,31,968 per 8 grams.
Gold price today in Hyderabad
The price of standard gold (22 carat) in Hyderabad is Rs 1,19,768 per 8 grams, while the price of pure gold (24 carat) is Rs 1,30,656 per 8 grams.
(Disclaimer: The suggestions, recommendations, views and opinions given by the experts are their own. They do not represent the views of The Economic Times)
