New Delhi, India — April 8, 2026
Gold, Silver Rally Sharply as Ceasefire Boosts Bullion Demand
Gold and silver prices surged sharply on Wednesday, driven by renewed investor demand following the announcement of a temporary ceasefire between the United States and Iran, along with a weakening US dollar.
In the Delhi bullion market, gold prices jumped ₹3,200 to ₹1,56,400 per 10 grams, while silver prices recorded a massive rally of ₹11,000, reaching ₹2,51,000 per kilogram. The surge reflects strong buying sentiment amid easing geopolitical tensions and favorable global cues.
Gold Futures Climb on MCX
On the Multi Commodity Exchange of India, gold futures for June delivery rose by ₹3,007, or nearly 2%, to touch ₹1.53 lakh per 10 grams. The sharp rise indicates increased participation from traders and investors in the derivatives segment.
Globally, gold futures for June contracts climbed by $129.12, or लगभग 3%, to $4,813.82 per ounce, signaling strong international demand for the safe-haven asset.
Ceasefire, Weak Dollar Drive Buying
Market experts attribute the rally to a combination of geopolitical relief and currency movements. According to Manav Modi, a commodities analyst at Motilal Oswal Financial Services, the ceasefire announcement and a softer US dollar significantly boosted gold prices by encouraging fresh buying.
The temporary easing of military tensions reduced immediate risk, but the weaker dollar made gold more attractive to investors globally, supporting prices.
Prices Still Below Peak Levels
Despite the recent surge, gold prices remain below their earlier peak levels. During heightened geopolitical tensions, gold had touched ₹1.65 lakh per 10 grams on February 27, 2026.
Since then, prices have declined by ₹12,363, or about 7.5%, before rebounding on renewed market optimism.
