Gold and Silver Prices Surge: Domestic bullion markets opened on a bullish note this Friday, April 17, as both gold and silver futures registered a steady climb. The upward movement reflects the strengthening of precious metal prices in the international market, maintaining a firm grip on the Multi Commodity Exchange (MCX).
As of 9:53 AM IST, gold futures were trading near ₹1,53,200, while silver continued its robust rally, hovering close to the ₹2,49,650 mark. This surge follows a week of fluctuating sentiments in the global economy.
Gold Futures Maintain Steady Climb
The gold benchmark June contract on the MCX opened at ₹1,53,301 per 10 grams, marking an increase of ₹149 from the previous close of ₹1,53,152. Early trading saw the metal reach a daily high of ₹1,53,301 before stabilizing.
At the time of reporting, the contract was trading at ₹1,53,211, up by ₹59. While the current prices show strength, they remain below the yearly peak of ₹1,80,779 reached earlier in 2026.
Silver Reclaims Key Psychological Levels
Silver witnessed a sharper spike during the opening session. The benchmark May contract on the MCX opened at ₹2,50,001 per kg, a jump of ₹1,373 over the previous closing of ₹2,48,628.
The industrial metal touched an intraday high of ₹2,50,086. Currently, it is trading at ₹2,49,680 per kg. It is worth noting that silver had hit a record high of ₹4,20,048 per kg earlier this year, indicating significant volatility in the white metal.
International Market Performance
The rally is largely supported by global trends on the Comex. Gold opened at $4,811.80 per ounce, surpassing the previous close of $4,808.30. It gained $7.50 to trade at $4,815.80 during the morning session.
Similarly, silver on the Comex traded at $79.03 per ounce, up by $0.32 from its previous levels. Market analysts point to these international gains as the primary driver for the domestic price appreciation seen in India today.
