Gold and silver prices commenced Thursday’s session with notable increases on the Multi Commodity Exchange of India, bolstered by persistent safe-haven demand amid escalating tensions in the Middle East. The decline of the US dollar has enhanced the attractiveness of bullion, as it becomes more appealing to investors utilizing alternative currencies.
The Indian rupee exhibited a notable appreciation at the opening, increasing by 0.63 percent to 91.57 against the US dollar on Thursday, in contrast to its prior closing value of 92.15. Gold futures on MCX for April 2026 delivery increased by over Rs 1,600, approximately 1 percent, reaching Rs 1,63,142 per 10 grams. Silver futures for May 2026 delivery experienced a notable rise, increasing by Rs 8,700, or 3.2 percent, to reach Rs 2,74,251 per kilogram.
On Thursday, gold prices experienced an upward movement in global markets. Spot gold increased by 0.8 percent to $5,177.26 per ounce at 0249, while US gold futures for April settlement climbed 1 percent to $5,186.40. Spot silver continued its upward trajectory, increasing by 1.3 percent to $84.50 per ounce.