Editor’s Note
This article reports on a significant surge in precious metals prices, with gold futures breaching the $5,000 per ounce threshold and silver also posting sharp gains. The information was accurate at the time of writing based on available market data.
The shine of gold in the international market has become so intense that it has crossed the psychological level of $5,000. The April futures contract on Comex jumped by $71 per ounce to reach a high of $5,068. This is the third consecutive week that gold has maintained its gains.
Silver has surprised even more. The March delivery silver contract rose by $3.47 to reach $81.1 per ounce. The volatility and surge in silver indicate that investors are eager to include precious metals in their portfolios under any circumstances at this time.
The situation is no different in the domestic market (MCX). Buying gold and silver has now become a major challenge for Indian investors.
Latest Price Status:
– Comex Gold (April): +$71/oz, $5,068
– Comex Silver (March): +$3.5/oz, $81.1
– MCX Gold (10g): +₹2,136, ₹1,56,955
– MCX Silver (1kg): +₹10,674, ₹2,52,067
The news is not just about rising prices, but about the fear generated by statements from the US and Iran. On one hand, US President Trump has given Iran a 10 to 15-day ultimatum to negotiate a deal on its nuclear program, while on the other hand, the US has made its largest military deployment in the Gulf region since the 2003 Iraq war.
The tension is not limited to statements. In response to the US’s major military deployment, Iran has also made it clear that if it is attacked, it will target US bases in the region.
This commotion has also pushed up global crude oil prices. Whenever war-like conditions arise in the world, currency and stock markets begin to wobble. In such times, gold remains the only means that preserves the value of investment.
Behind this surge in gold prices is not just the fear of war, but also America’s own economic weakness. In the fourth quarter of 2025, the pace of US GDP growth fell to 1.4%, which is much lower than experts’ estimate of 3%.
Furthermore, there remains disagreement among US Federal Reserve officials regarding interest rates. Some officials are worried about inflation, while others are concerned about the falling labor market. The market now expects the first interest rate cut in June. As long as this uncertainty in the economy persists, the prospects for gold and silver prices to come down appear slim.