Gold and silver prices in India recorded a sharp rise on 16 April 2026, tracking firm international trends and renewed safe-haven demand from investors.
In domestic trade, gold prices moved higher, with 24-carat gold hovering near ₹1.55 lakh per 10 grams, reflecting strong gains in both spot and futures markets. Silver also surged sharply, with rates crossing the ₹2.70 lakh per kilogram mark in some MCX-linked trading ranges, marking one of the stronger single-session up-moves in recent weeks.
The rally in bullion was supported by global factors, including a weaker US dollar and easing US Treasury yields, which improved demand for non-yielding assets like gold. Investors also increased exposure to precious metals amid continuing geopolitical uncertainty and expectations of shifting global interest rate trajectories.
Silver outperformed in percentage terms during parts of the session, supported by both industrial demand expectations and speculative buying in futures contracts. Analysts noted that silver tends to show sharper volatility compared to gold, leading to stronger upside moves during bullish phases.
On the domestic front, demand remained firm ahead of Akshaya Tritiya, a key seasonal buying period in India. Jewellers reported steady retail interest, with customers showing higher engagement in advance bookings and price-lock schemes despite elevated price levels.
On MCX, bullion futures remained firmly in positive territory throughout the session, with traders actively participating in both gold and silver contracts.