Gold and silver prices surged sharply on Indian commodity markets this week, reflecting heightened safe-haven demand as global economic and geopolitical uncertainties persist. On the Multi Commodity Exchange (MCX), gold futures climbed toward historic highs, trading near all-time peaks above ₹1.75 lakh per 10 grams, while silver prices crossed the ₹4 lakh per kilogram mark for the first time, underscoring strong momentum in precious metals.

Key Highlights

• Gold and silver prices surged on MCX as Fed rate pause boosted safe-haven demand.
• Weak dollar and global tariff uncertainty supported precious metals across domestic and global.

The uptick in bullion prices was supported by a U.S. Federal Reserve decision to hold interest rates steady, which boosted investor appetite for non-yielding assets such as gold and silver. The Fed’s pause, combined with ongoing concerns over trade tensions and tariff uncertainty, has kept markets on edge and reinforced the appeal of precious metals as a hedge against risk.

Internationally, spot gold also touched new highs above $5,500 per ounce, riding on elevated safe-haven flows and a relatively weak U.S. dollar, which made bullion more attractive to investors holding other currencies. Spot silver similarly advanced, with prices breaching record levels as demand for lower-priced alternatives to gold gained traction.

Also Read: Edelweiss Gold & Silver ETF FoF: Strategic Allocation for 2026

Analysts point out that persistent geopolitical tensions and muted prospects for further rate hikes by major central banks are continuing to underpin precious metal markets. While bullion prices remain volatile, strong technical support levels have kept silver and gold well bid across both global and domestic exchanges.

Investors and traders are now watching upcoming macroeconomic data and global policy developments closely, as these will shape the near-term trajectory of gold and silver in India’s increasingly dynamic commodity landscape.