The prices of gold and silver in the domestic and global markets have once again surprised investors. Silver prices recorded a sharp rise of nearly Rs 20,000 per kg in just two trading sessions, while gold also made strong gains and neared new highs. However, market experts say that volatility may persist in the near term, so investors should adopt a cautious strategy.
Latest prices of gold and silver on MCX
On the Multi Commodity Exchange (MCX), gold futures for delivery in April 2026 rose by more than ₹ 5,000 in two days to reach ₹ 1,55,761 per 10 grams. At the same time, silver futures with settlement on March 5, 2026 made a huge jump and touched the level of Rs 2,45,213 per kg with an increase of about Rs 20,000. This sharp rise has created a stir among both traders and the jewelery market.
What is the condition of the international market?
Precious metals also showed strength in the global market. Spot gold recovered to around $5,000 an ounce after two consecutive sessions of decline. Silver also jumped to close to $ 77.91 an ounce. Low trading volumes and limited liquidity witnessed sharp and sudden price fluctuations, especially as trading was slow due to holidays in Asian markets.
Fed signals and geopolitical implications
The market is keeping an eye on the minutes of the US Federal Open Market Committee (FOMC) meeting and core PCE inflation data. Different statements from Fed officials have increased uncertainty in the market. Some officials are in favor of keeping interest rates steady for now, while others have indicated that a rate cut is possible if inflation comes closer to the 2% target. The possibility of change in interest rates has a direct impact on the prices of gold and silver. There was a slight reduction in geopolitical tension due to Iran-US talks, due to which there was slight pressure in gold initially, but later the prices stabilized.
Long term trend continues?
Experts believe that despite profit-booking from recent highs, gold still remains at higher levels than in previous weeks. This indicates that the long-term trend has not been completely broken, but is currently in a state of stagnation.
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