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
19 Sept 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.
