Gold, silver prices rise up to 2% on weaker dollar, softer crude oil
Synopsis
Gold and silver posted strong intraday gains on 25 May as crude oil cratered over 6 per cent and the dollar softened, with MCX silver surging nearly 2 per cent to ₹2,77,245 and gold holding above ₹1,59,000. The dual tailwind of falling energy prices and US-Iran diplomatic optimism is reshaping the short-term outlook for precious metals.
Key Takeaways
MCX gold futures traded at ₹1,59,245 on 25 May , up 0.36 per cent or ₹566 , with an intraday high of ₹1,59,500 .
MCX silver futures surged nearly 2 per cent to an intraday high of ₹2,77,245 , last trading at ₹2,76,427 .
COMEX gold rose 0.75 per cent to $4,557.30/oz ; COMEX silver gained over 2 per cent to $78.015 .
Brent crude fell 6 per cent to $97.16/barrel ; WTI crude dropped more than 6 per cent to $90.33 .
Key resistance for gold at ₹1,59,500–₹1,60,000 ; silver faces resistance at ₹2,77,000 , with support near ₹2,73,000 .
Gold and silver prices climbed sharply on Monday, 25 May, gaining up to nearly 2 per cent on the Multi Commodity Exchange (MCX), as a softer US dollar and a steep decline in global crude oil prices lifted precious metals. Investor sentiment was also shaped by assessments of potential progress in US-Iran peace negotiations.
Gold Futures: Price Levels and Technical Range
MCX gold futures (June 5) were trading 0.36 per cent higher at ₹1,59,245 per 10 grams as of 10:48 am IST, up ₹566 from the previous session's close of ₹1,58,679. The yellow metal touched an intraday high of ₹1,59,500, a gain of ₹821 or 0.51 per cent, while the intraday low was recorded at ₹1,59,014.
According to commodity market experts, MCX gold continued to hold above the ₹1,59,000 mark with a cautious-to-mildly positive bias. 'Immediate resistance is seen in the ₹1,59,500–₹1,60,000 range, while a sustained breakout could push prices towards ₹1,61,000. On the downside, support is placed around the ₹1,58,000–₹1,57,500 levels,' the experts noted.
Silver Surges Nearly 2%, Eyes ₹2,79,000 Zone
MCX silver futures (July 3) outpaced gold, surging nearly 2 per cent or ₹5,400 to hit an intraday high of ₹2,77,245. At last count, silver was trading at ₹2,76,427, up 1.7 per cent or ₹4,581. The intraday low stood at ₹2,75,428, still higher by 1.31 per cent or ₹3,582.
Experts noted that MCX silver was holding firm above the ₹2,76,000 mark amid ongoing volatility. A sustained move above ₹2,77,000 could support further recovery towards the ₹2,79,000–₹2,80,000 zone, while downside support is seen near ₹2,73,000.
Global Cues: COMEX Metals and Crude Oil
In international markets, COMEX gold rose 0.75 per cent to $4,557.30 per ounce, while COMEX silver traded over 2 per cent higher at $78.015. Global crude oil prices fell sharply, with Brent crude declining 6 per cent to $97.16 a barrel and US West Texas Intermediate (WTI) crude tumbling more than 6 per cent to $90.33.
The sharp drop in crude prices eased inflationary pressures, reinforcing the case for a softer dollar and boosting the appeal of non-yielding assets like gold and silver. 'Safe-haven demand and geopolitical developments continue to influence the direction of precious metals,' commodity experts observed.
What to Watch Next
Traders will monitor further developments in US-Iran diplomatic talks, which could either sustain or reverse the current safe-haven bid. Any reversal in the dollar's trajectory or a crude oil rebound may cap further upside in precious metals. The ₹1,60,000 level in gold and ₹2,77,000 in silver remain key near-term technical thresholds to watch.
Point of View
Which is inherently fragile; a diplomatic setback could reverse both the energy and currency moves overnight. Gold holding above ₹1,59,000 looks technically constructive, but the real test is whether it can sustain above ₹1,60,000 without geopolitical fuel. Retail investors chasing silver's near-2 per cent intraday spike should note that the white metal's industrial demand linkages make it more volatile on reversals than gold.
NationPress
5 Aug 2026
Frequently Asked Questions
Why did gold and silver prices rise on 25 May 2025?
Gold and silver rose on 25 May 2025 due to a combination of a weaker US dollar, a sharp decline in global crude oil prices, and investor optimism around potential progress in US-Iran peace negotiations. These factors boosted safe-haven demand for precious metals.
What is the current MCX gold price today?
MCX gold futures (June 5 contract) were trading at ₹1,59,245 per 10 grams as of 10:48 am IST on 25 May, up 0.36 per cent or ₹566. The intraday high was ₹1,59,500.
How much did MCX silver gain today?
MCX silver futures (July 3 contract) surged nearly 2 per cent, hitting an intraday high of ₹2,77,245. The metal was last trading at ₹2,76,427, up 1.7 per cent or ₹4,581 from the previous close.
What are the key support and resistance levels for gold and silver?
For MCX gold, resistance is seen at ₹1,59,500–₹1,60,000, with a breakout potentially targeting ₹1,61,000; support lies at ₹1,58,000–₹1,57,500. For MCX silver, resistance is at ₹2,77,000 with upside towards ₹2,79,000–₹2,80,000, while support is near ₹2,73,000.
How did crude oil prices move and why does it matter for gold?
Brent crude fell 6 per cent to $97.16 a barrel and WTI dropped more than 6 per cent to $90.33 on Monday. Falling crude eases inflation expectations, which typically weakens the dollar and makes non-yielding assets like gold and silver more attractive to investors.
