Friday’s trading session in Mumbai turned golden for bullion traders, with prices rocketing past key thresholds—24-carat gold exceeding 1.59 lakh rupees per 10 grams and silver topping 2.66 lakh per kilo. This resurgence underscores persistent global risks.
Per IBJA quotes, 24-carat gold added 1,075 rupees, closing at 1,59,097 rupees/10g after 1,58,022 rupees. 22-carat gained 985 rupees to 1,45,733 rupees, 18-carat to 1,19,323 rupees. Silver’s 6,033-rupee leap landed it at 2,66,700 rupees/kg from 2,60,667 rupees.
MCX futures amplified the gains: gold April 2026 at 1,60,435 rupees (+0.45%), silver May 2026 at 2,74,520 rupees (+2.45%). Internationally, gold reached 5,204 dollars/oz (up 0.20%), silver 89.66 dollars/oz (up 3.07%).
The trigger? Stagnant Iran-US talks, channeling funds into safe havens. Experts foresee continued strength, bolstered by central bank buys and ETF inflows. For Indian consumers, this means pricier ornaments, but savvy investors see opportunity.
Looking ahead, watch for US Fed signals and Middle East developments. Gold’s breakout could herald a new bull phase, rewarding patient holders amid volatility.