Gold-silver rate today: Silver hits record Rs 1,07,425/kg on China demand, gold drops Rs 1,200/10g amid profit booking
Gold-Silver rate today
: Silver futures surged to an all-time high of Rs 1,07,425 per kg on Tuesday, tracking strong global cues and optimism over rising industrial demand after better-than-expected retail data from China.
In contrast, gold prices corrected sharply by Rs 1,200 amid profit-taking.
On the Multi Commodity Exchange (MCX), July silver contracts rose Rs 860 or 0.80%, while on COMEX, silver gained $0.13 or 0.36% to trade around $36.64 per troy ounce, according to an ET report.
'China's May retail sales boosted the prospects of silver today,' said Anuj Gupta, Head – Commodity & Currency, HDFC Securities. He noted silver's performance in 2025 has yielded strong investor returns, with year-to-date gains of Rs 20,254 per kg (23%) and month-to-date gains of Rs 10,473 per kg (11%).
Silver is now consolidating in the Rs 1,06,000–1,07,000 range and may rise further. 'If this momentum continues, silver could test Rs 1,11,000 per kg ($38),' said Renisha Chainani, Head of Research at Augmont. She pegged support at Rs 1,05,000 and resistance at Rs 1,11,000.
Jateen Trivedi, VP – Commodity Research at LKP Securities, said geopolitical uncertainty and tariff-driven inflationary pressures would continue to support precious metals, adding that 'gold's haven appeal is also set to strengthen amid rising West Asia tensions.'
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Meanwhile, Gold prices dropped sharply in the national capital on Tuesday, falling Rs 1,200 to Rs 1,00,170 per 10g, as global cues turned weak and traders booked profits amid Israel Iran tensions.
According to the All India Sarafa Association, gold of 99.9% purity fell from Monday's closing rate of Rs 1,01,370. Gold of 99.5% purity declined Rs 1,100 to Rs 99,450 per 10g, slipping below the Rs 1 lakh mark.
'Gold corrected further on Tuesday as traders reevaluated the likelihood of a full-scale regional war between Israel and Iran.
Reports suggest Iran is actively pursuing a diplomatic solution,' said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
Spot gold was trading at $3,380.65 per ounce in global markets. Analysts said prices softened as investors locked in recent gains and awaited cues from the US Federal Reserve's upcoming policy decision.
'Gold is trading negative despite the escalation in the Middle East. The precious metal saw profit-taking at higher levels,' said Rahul Kalantri, Vice-President – Commodities at Mehta Equities, quoted PTI.
Kalantri noted that silver retreated from day's highs ahead of the Fed's policy announcement, but underlying uncertainty and geopolitical risks could keep prices supported.
Chintan Mehta, CEO of Abans Financial Services, said investors are also tracking key US macroeconomic indicators — including May's retail sales and industrial production data — to gauge the strength of the economy.
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