Monday’s trading session delivered blockbuster gains for gold and silver, electrifying bullion markets across India. The India Bullion and Jewellers Association pegged silver at Rs 2,53,665 per kg after a Rs 8,736 surge from Friday’s Rs 2,44,929. Gold enthusiasts cheered as 24-carat rates leaped Rs 2,798 to Rs 1,54,876 per 10 grams, eclipsing the prior Rs 1,52,078 mark.
Supporting grades shone too: 22-carat gold hit Rs 1,41,866 per 10 grams (up from Rs 1,39,303), and 18-carat reached Rs 1,16,157 (from Rs 1,14,059). Excitement rippled through MCX, where April 2026 gold futures gained 0.68% to Rs 1,56,510, and March 2026 silver futures surged 1.42% to Rs 2,53,452.
The bullish wave swept global exchanges, with Comex gold rising 0.82% to $5,020 per ounce and silver exploding 2.55% to $78 per ounce. Factors like central bank buying and currency fluctuations fueled the fire.
Expert insight from Choice Wealth’s Akshat Garg: ‘Silver’s rapid upswings invite short-term retreats, amplified by a robust dollar and softening geopolitical strains.’ He counsels patience: ‘This is par for the course in silver trading—long-term bulls need not fret over fleeting dips.’
Jewellers are recalibrating strategies amid this boom, potentially passing on costs to consumers. Investors, meanwhile, are positioning for more gains. As markets digest these levels, tomorrow’s open will be pivotal in confirming the trend.