New Delhi, India — April 20, 2026
Gold and silver prices recorded a sharp upward movement in the national capital on Monday, reflecting heightened investor demand for safe-haven assets amid escalating geopolitical tensions between the United States and Iran.
According to data released by the All India Sarafa Association, silver prices surged by ₹4,300 to reach ₹2,57,000 per kilogram. The metal had previously closed at ₹2,53,000 per kilogram in the last trading session on Friday.
Gold prices also witnessed a notable rise in the domestic market. The price of 99.9% purity gold increased by ₹800, pushing it to ₹1,57,000 per 10 grams. The surge highlights renewed buying interest as global uncertainties continue to influence bullion markets.
Domestic Market Driven by Safe-Haven Demand
Market analysts attribute the sharp rise in precious metal prices to growing geopolitical instability, particularly tensions involving the United States and Iran. Historically, gold and silver tend to gain during periods of uncertainty, as investors shift toward assets perceived as stable stores of value.
The domestic bullion market in India mirrored this trend, with traders reporting strong demand from both investors and jewelers anticipating further volatility.
Global Market Trends Show Weakness
Despite the gains in the Indian market, global precious metal prices showed a subdued trend.
Spot silver prices declined by $1.09, or 1.35%, to $79.71 per ounce in international markets. Similarly, gold prices fell by 0.52% to $4,805.09 per ounce.
Analysts note that the divergence between domestic and global prices may be influenced by currency fluctuations, import duties, and local demand dynamics in India.
Outlook for Investors
Market experts suggest that bullion prices could remain volatile in the near term, depending on further geopolitical developments and global economic signals. Investors are likely to keep a close watch on international relations and monetary policy cues.
