Gold, silver rate today: Gold prices trade steady near Rs 94,900/ 10 gm, silver down over Rs 400

Gold, silver rate today: Gold prices in Monday’s session (April 30, 2025) traded steady amid easing trade war tensions between the US and China. At around 10:47 am, Gold June futures, while swinging between gains and losses, traded lower by 0.07 per cent or Rs 66 at Rs 94,926 per 10 gm. In the previous session, the gold June futures contract closed at Rs 94,992 per 10 grams with a loss of 0.96 per cent.

Meanwhile, silver May futures traded on a tepid note, down by 0.44 per cent or Rs 421 at Rs 96,020 per kg, while it settled at Rs 96,441 per kilogram with a loss of 1.10 per cent.

Alongside, the dollar index recovery from a three-year low also weighed on the precious yellow metal price. At the last count, the dollar index was up by a tad at 99.5. 

International gold price movement

Internationally, gold futures traded higher by 0.34 per cent at $3,309.55 per cent. After the recent sharp pullback, gold prices have fallen a substantial over 6 per cent from its all-time high of $3,509.9 per ounce.

Gold and silver showed profit-taking from their highs last week after US President Trump said to reduce trade tariffs substantially on Chinese goods imports. 

Spot gold, meanwhile, traded weak by 0.63 per cent or $21.36 at $2,296.84 per ounce.

Global cues impacting gold price

Last week, the US administration gave cues of de-escalating a trade war between the US and China after US President Donald Trump said talks on tariffs were taking place with China. Furthermore, aligning with the move, China on Friday exempted some US imports from its high tariffs. 

Global equity markets also gained amid US-China trade deal hopes and eases safe-haven demand for precious metals. However, geo-political tensions and central banks buying in gold due to global uncertainty could support prices. Silver prices also corrected but if US-China trade deal executes than it will support prices of silver.

Expert view

Manoj Jain- Commodity Expert- IndiaNivesh said, “We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and ahead of the key U.S. economic data; gold prices could test its support level of $3,200 per troy ounce and silver prices could also test $31.80 per troy ounce levels.”

Gold has support at $3300-3274, while resistance at $3358-3380 per troy ounce and silver has support at $32.66-32.30, while resistance is at $33.30-33.70 per troy ounce in today’s session. At mcx, gold is having support at 94400-93660 and resistance at 95500-96040 while silver is having support at 95800-95150 and resistance at 97000-97750. We suggest selling gold on rise around 96200 with a stop loss of 96850 for the target of 94400, he added.