Gold Rate Today: Spot silver gains

Among other precious metals, spot silver gained 1.1% to $68.80 per ounce. Platinum rose 2.1% to $1,865.13, while palladium advanced 2.7% to $1,389.80.

US President Donald Trump said he would extend the pause on strikes targeting Iran’s energy infrastructure into April and noted that discussions with Iran were progressing well. However, an Iranian official described the US proposal to end the conflict as “one-sided and unfair.”

Gold Rate Today: Oil prices above $100

Brent crude remained above $105 per barrel, fuelling inflation concerns as the conflict has severely disrupted shipments through the Strait of Hormuz, a key route for nearly one-fifth of global crude and LNG flows.

Elevated oil prices are likely to push up transportation and production costs, adding to inflationary pressures. While higher inflation can support gold’s role as a hedge, rising interest rates tend to dampen demand for the non-yielding asset. According to CME Group’s FedWatch Tool, markets have now ruled out any U.S. rate cuts in 2026, compared with earlier expectations of two cuts before the conflict escalated.

Gold Rate Today: Gold down from highs

Gold has dropped about 17% since the US-Israeli conflict with Iran began on February 28, weighed down by a stronger dollar, which has gained more than 2% over the same period.

Gold Rate Today: Gold rally in check?

The weakening of the dollar made bullion, which is priced in the greenback, more affordable for investors using other currencies.

“For weeks, gold has been treated as a liquidity asset sold to cover volatility and margin calls elsewhere, but at current levels, it is now looking more like a value proposition for investors, which is why it’s back in favour today,” said Tim Waterer, chief market analyst at KCM Trade.

“However, hawkish central banks wary of persistent oil-driven inflation, continue to act as a heavy lid on gold’s ambitions to the upside, keeping any rally firmly in check.”

Gold Rate Today: Gold prices rise over 1%

Gold prices advanced by more than 1% on Friday, supported by a softer U.S. dollar and buying at lower levels. Despite the uptick, the metal remained on course for a fourth consecutive weekly decline as rising energy costs heightened inflation concerns and reinforced expectations of tighter global monetary policy.

Spot gold climbed 1.1% to $4,428.30 per ounce as of 0228 GMT, although it has still declined around 1.3% so far this week. U.S. gold futures for April delivery also rose 1.1% to $4,423.40.