Gold and silver prices registered a strong opening on the Multi Commodity Exchange of India as investors increasingly moved toward safe-haven assets amid rising uncertainty linked to the escalating Middle East conflict involving Iran, Israel and the United States. A weaker dollar also supported bullion, as the decline made dollar-priced precious metals more affordable for buyers using other currencies.
On the Multi Commodity Exchange of India, gold futures scheduled for April 2026 delivery climbed by more than Rs 1,577, or about 1%, reaching Rs 1,61,250 per 10 grams. Silver contracts for May 2026 delivery also recorded a sharp increase, jumping Rs 6,800, or roughly 2.5%, to trade at Rs 2,68,991 per kilogram.