Gold and Silver Prices Rise in India Amid Global Uncertainty

New Delhi: Gold and silver prices recorded a significant rise in India on April 2, reflecting strong global cues and shifting investor sentiment amid geopolitical developments linked to Donald Trump’s recent statements on the West Asia conflict.

According to the All India Sarafa Association, gold of 99.9% purity surged by ₹3,500 to ₹1,55,000 per 10 grams, while silver jumped by ₹9,000 to ₹2.46 lakh per kg, indicating renewed momentum in the bullion market.

Market Trends and Drivers

This rebound comes despite gold witnessing a sharp 11% decline in March, its steepest monthly fall since 2008. Analysts suggest that improved sentiment—driven by expectations of easing tensions—has supported the recent uptick, though uncertainty still persists.

On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by around 0.5%, trading near ₹1,51,473 per 10 grams. Silver futures, however, showed mixed movement, with some contracts slipping slightly.

City-wise Price Snapshot

Mumbai & Kolkata: ₹1,52,960 (24-carat, 10g)

Chennai: ₹1,53,280 (24-carat, 10g)

22-carat gold: ₹1,40,210 per 10g Silver: ₹2,55,100 per kg

Outlook

Market experts believe bullion prices may remain volatile in the coming weeks due to geopolitical tensions, oil price fluctuations, and uncertainty around global monetary policy. Concerns over supply disruptions, particularly around the Strait of Hormuz, continue to influence investor decisions.

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