Gold Silver Prices Today, March 6, 2026: Precious Metals Surge as MCX Gold Hits INR 1,60,700 per 10g, Silver INR 2,67,100 per Kg Amid US-Iran War Tensions
Gold and silver prices went up on Friday after a mild dip in the previous session, driven by conflict in the Middle East and a softer dollar. MCX gold April futures gained 0.64 per cent to Rs 1,60,700 per 10 grams on an intra-day basis.
New Delhi, March 6: Gold and silver prices went up on Friday after a mild dip in the previous session, driven by conflict in the Middle East and a softer dollar. MCX gold April futures gained 0.64 per cent to Rs 1,60,700 per 10 grams on an intra-day basis. Meanwhile MCX silver May futures gained 1.87 per cent to Rs 2,67,100 per kg. Earlier in the day, silver prices on MCX had jumped 2.6 per cent while gold advanced over 1 per cent followed by profit booking.
As investors wait for cues from the US February jobs report, due later Friday, traders widely expect the US Federal Reserve to keep interest rates unchanged at its policy meeting set to conclude on March 18, according to multiple reports. Spot silver edged marginally in international markets to $82.26 per ounce, while spot gold was flat on an intraday basis. Analysts said the US-Iran war has lifted inflation concerns and trimmed bets on near‑term Fed rate cuts. Gold Rate Today, March 06, 2026: Check 22K & 24K Gold Prices in Delhi, Mumbai, Chennai and Other Cities.
As the war against Iran entered its seventh day, investors are concerned about disruption of energy supplies. The dollar index eased 0.29 per cent to 99.03, making greenback-backed bullion cheaper for buyers in overseas currencies US President Donald Trump continued to maintain his aggressive stance on Iran and signalled he had some plans for Cuba too. Further, the US Defence Secretary Pete Hegseth said the United States has enough munitions to sustain the campaign for an extended period.
Meanwhile, after a surge of over 15 per cent since last week when the US-Israel and Iran war began, oil prices dropped early on Friday after the US said it would allow a 30-day waiver for Indian refiners to purchase Russian oil stranded at sea. The April contract of the benchmark Brent crude on the Intercontinental Exchange was trading at $84.21 per barrel, down by 1.52 per cent from its previous close. Silver Rate Today, March 06, 2026: Check Latest Prices of White Metal in Delhi, Mumbai, Chennai and Other Major Cities.
"Gold has support at Rs 1,58,000 and Rs 1,56,600 per 10 gram while resistance at Rs 1,61,100 and Rs 1,62,800. MCX silver has support at Rs 2,57,700 and Rs 2,52,000 per kg and resistance is at Rs 2,66,000 and Rs 2,71,000," an analyst said.
(The above story first appeared on LatestLY on Mar 06, 2026 11:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).