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What is the story about?
Gold and silver prices surged in Indian futures markets on Friday (February 13), supported by fresh positions taken by traders and firm global trends.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery gained ₹1,044, or 0.68%, to trade at ₹1.53 lakh per 10 grams in a turnover of 1,538 lots.
Analysts said renewed speculative positions and steady spot demand contributed to the rise. Globally, gold futures were up 0.81% at $4,962 per ounce in New York.
Silver prices also climbed sharply, with March delivery contracts on MCX rising ₹5,465, or 2.31%, to ₹2.41 lakh per kilogram in a turnover of 3,201 lots. Traders cited fresh positions and global gains as key drivers. Silver was trading 2.49% higher at $77.15 per ounce in New York.
Market experts highlighted the broader outlook for both metals:
Gold – According to Sandip Raichura, CEO of Retail Broking and Distribution & Director at PL Capital, gold has recovered after a January decline and could reach $6,000 per ounce by the end of 2026. He noted that while geopolitical tensions and inflation remain key factors, all price dips may represent buying opportunities.
ALSO READ | Why gold is suddenly trading at a discount in India
Silver – Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA), said silver prices have pulled back slightly after a recent rally, but long-term trends remain positive, suggesting continued strength amid the broader upcycle.
Investors in India are closely tracking these movements, with both metals benefiting from global market momentum, policy trends, and ongoing demand uncertainty.
-With PTI inputs
On the Multi Commodity Exchange (MCX), gold contracts for April delivery gained ₹1,044, or 0.68%, to trade at ₹1.53 lakh per 10 grams in a turnover of 1,538 lots.
Analysts said renewed speculative positions and steady spot demand contributed to the rise. Globally, gold futures were up 0.81% at $4,962 per ounce in New York.
Silver prices also climbed sharply, with March delivery contracts on MCX rising ₹5,465, or 2.31%, to ₹2.41 lakh per kilogram in a turnover of 3,201 lots. Traders cited fresh positions and global gains as key drivers. Silver was trading 2.49% higher at $77.15 per ounce in New York.
Market experts highlighted the broader outlook for both metals:
Gold – According to Sandip Raichura, CEO of Retail Broking and Distribution & Director at PL Capital, gold has recovered after a January decline and could reach $6,000 per ounce by the end of 2026. He noted that while geopolitical tensions and inflation remain key factors, all price dips may represent buying opportunities.
ALSO READ | Why gold is suddenly trading at a discount in India
Silver – Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA), said silver prices have pulled back slightly after a recent rally, but long-term trends remain positive, suggesting continued strength amid the broader upcycle.
Investors in India are closely tracking these movements, with both metals benefiting from global market momentum, policy trends, and ongoing demand uncertainty.
-With PTI inputs
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