- By Priyanka Koul
- Sat, 09 May 2026 03:48 PM (IST)
- Source:JND
Gold Silver Price Hike: Amid the ongoing Middle East crisis, gold prices rose 1.83 per cent during the week due to persistent geopolitical uncertainty and volatile crude oil prices.
On Friday, MCX gold June futures gained 0.04 per cent, while MCX silver May futures surged 1.34 per cent. Gold futures were trading at Rs 1,52,589 per 10 grams, while silver futures stood at Rs 2,61,999 per kilogram.
Gold-Silver Price Today: Check Latest Gold And Silver Rates
According to data from the India Bullion and Jewellers Association (IBJA), the price of 999 purity gold on Friday stood at Rs 1,51,078 per 10 grams, compared to Rs 1,48,357 at the market opening on Monday. This indicates that gold prices have risen by Rs 2,721 over the week.
As for silver, the price of 999 purity silver on Friday was Rs 2,55,600 per kilogram, compared to Rs2,44,237 per kilogram at Monday’s opening, according to IBJA data. This means silver prices increased by Rs 11,363 during the week.
Precious metals extended gains for the fourth consecutive session amid optimism over a possible US-Iran peace agreement.
Market participants said expectations of easing regional tensions and a weaker dollar supported demand for non-yielding bullion.
Gold and silver, however, have declined nearly 10 per cent since the US-Iran conflict began on February 28. Market experts said the broader safe-haven trend remains intact, although the pace of the rally has slowed as the dollar stabilises and overall risk sentiment shows tentative signs of improvement.
Analysts added that while disruptions to commodity flows through the Strait of Hormuz continue to dominate the macroeconomic narrative, markets are also entering a phase of technical consolidation following the sharp volatility witnessed in recent weeks.