New Delhi, India — April 15, 2026
India’s bullion market witnessed a sharp rally on Wednesday, with gold and silver prices surging significantly ahead of the auspicious festival of Akshaya Tritiya, driven by strong buying from jewelers and stockists.
Akshaya Tritiya, set to be celebrated on April 19 this year, is traditionally considered one of the most favorable occasions for purchasing precious metals, particularly gold and silver. The surge in demand expectations has fueled bullish sentiment across the domestic market.
Silver Leads Rally with Sharpest Gains
According to data released by the All India Sarafa Association, silver prices recorded a substantial jump of ₹11,800 per kilogram. This marks a strong 4.81% increase, pushing prices from ₹2,45,200 to ₹2,57,000 per kilogram (inclusive of all taxes).
The bullion market remained closed on Tuesday due to a public holiday, amplifying the impact of fresh buying activity when trading resumed.
Gold Prices Cross Historic ₹1.58 Lakh Mark
Gold prices also maintained an upward trajectory, reflecting sustained investor and consumer interest. The price of 99.9% purity gold rose by nearly ₹3,000, or about 2%, reaching ₹1,58,000 per 10 grams (inclusive of taxes), compared to ₹1,55,000 in the previous trading session.
Market analysts attribute this rally primarily to strong retail demand ahead of the festival, with consumers continuing to view gold as a stable and culturally significant investment.
Festive Demand Remains Strong Despite Volatility
Rajeev Verma, Chairman and Managing Director of Lal Sons Jewellers, said Akshaya Tritiya continues to be a cornerstone event for the jewelry industry.
He noted that despite recent price volatility, consumer sentiment remains resilient, with buyers showing strong intent to purchase gold jewelry due to its long-term value and traditional importance.
Global Markets Show Mixed Trend
While domestic markets surged, international bullion prices moved lower on Wednesday. Spot gold declined by $45.88, or nearly 1%, to trade at $4,795.97 per ounce. Silver prices also slipped by 1.2%, settling at $78.61 per ounce.
Investment expert Ratnam Chandra attributed the global dip to easing geopolitical tensions, particularly growing optimism around a potential agreement between the United States and Iran.
According to Chandra, expectations of reduced geopolitical risk have softened safe-haven demand for gold in international markets, even as Indian domestic demand remains strong due to seasonal and cultural factors.
