National News
MCX gold rate falls below Rs.1.61 lakh, silver slips 1% on strong dollar
Rising US Dollar Index and higher US 10‑Year Treasury Yield weigh on bullion as Multi Commodity Exchange gold dips below ₹1.61 lakh and silver declines despite ongoing US–Iran tensions.
Gold and silver prices in India opened lower on Monday, following weakness in international bullion prices as a stronger dollar weighed on the prices of precious metals.
MCX gold rate today for April futures contracts opened 0.6% lower at Rs. 1,60,651 per 10 grams as against its previous close of Rs.1,61,634 level. MCX silver price for May futures contracts opened 0.29% lower at Rs. 2,67,497 per kilogram as against its previous close of Rs. 2,68,285 level. Selling pressure intensified and MCX gold and MCX silver prices were trading over 1%3.1 Dollar Strength

The US Dollar Index (DXY) rose to 99.695, hovering near a three-month high reached the prior week. Since bullion is priced in dollars globally, a stronger greenback makes gold and silver more expensive in local currencies, suppressing international demand and exerting downward pressure on prices.
US 10-year Treasury yields climbed to a near one-month high, elevating the opportunity cost of holding non-yielding assets such as gold. Investors rotating into higher-yielding fixed-income instruments contributed to the sell-off in precious metals.

A sharp rise in crude oil prices has reignited inflation concerns, causing markets to revise downward their expectations for near-term interest rate reductions by the US Federal Reserve. Delayed rate-cut prospects are bearish for gold, which typically benefits from lower real interest rate environments.
The ongoing US-Iran conflict in the Middle East escalated further during the reporting period. Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, adding an additional layer of geopolitical uncertainty. Paradoxically, while geopolitical risks are traditionally positive for safe-haven assets like gold, the stronger dollar and rate-cut repricing dominated market sentiment, offsetting any safe-haven premium.
National News
Gold & Silver Rebound on MCX, Recover Recent Losses
Prices Rise Sharply As Investor Sentiment Strengthens Amid Easing Crude Oil Rates
In a notable turnaround, gold and silver prices in India have recovered from recent losses, showing a strong upward movement in the commodity market. MCX gold rose by Rs. 500–600, moving back above Rs. 1.52 lakh per 10 grams, while silver crossed Rs. 2.44 lakh ahead of the evening session.
In the global market, spot gold traded above $4,700 per ounce, while spot silver gained nearly $1 to approach $76 per ounce. The rally is partly supported by a decline in crude oil prices, with US WTI falling below $95 per barrel and Brent crude staying under $105.
The rebound reflects renewed investor confidence amid shifting global cues, offering support to India’s gems and jewellery sector.
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