Gold and silver prices recorded gains in futures trading on Tuesday, with both precious metals rising on the Multi Commodity Exchange of India amid heightened geopolitical tensions and conflict in the Middle East.
Market participants have shifted toward safe-haven assets as global uncertainty persists, contributing to the upward movement in bullion prices. Experts said gold and silver are witnessing increased demand under such conditions, although price volatility may continue in the coming days as international developments directly influence market sentiment.
Gold futures registered a notable increase on the Multi Commodity Exchange during morning trading. At around 10:57 a.m., the April 2 delivery gold contract rose by ₹1,735 per 10 grams.
The increase represents a gain of approximately 1.06 percent compared with the previous session. The rise in prices also reflected renewed investor interest in gold futures.
Experts attribute the movement to uncertainty in international markets, where investors traditionally view gold as a safe-haven asset. As geopolitical tensions increase globally, demand for gold and corresponding price levels tend to rise.
Silver prices also recorded a significant rise alongside gold. On the MCX, the May 5 delivery silver contract increased by about ₹8,789.
This represents a gain of around 3.45 percent compared with the previous session. The sharp rise indicates b demand in the silver market.
Silver is used both as an investment asset and widely in industrial applications. As a result, shifts in global economic activity and market sentiment can lead to rapid changes in silver prices.
Experts said geopolitical developments are currently the primary factor influencing gold and silver prices.
Rising tensions in the Middle East and developments linked to Iran have increased uncertainty in global markets. Under such circumstances, investors often shift away from risk-oriented investments such as equities toward safe-haven assets.
Gold and silver are traditionally regarded as safe-haven investments, which contributes to price increases during periods of geopolitical tension.
On March 10, 2026, gold prices in major Indian metropolitan cities recorded minor fluctuations. These prices change based on international market trends and domestic demand.
The following spot prices are quoted per gram and do not include making charges or taxes.
In Delhi, 24-carat gold with 99.9 percent purity is trading at approximately ₹16,253 per gram. The price of 22-carat gold with 91.6 percent purity is around ₹14,900 per gram, while 18-carat gold with 75 percent purity is priced near ₹12,194 per gram.
In Mumbai, 24-carat gold is priced at approximately ₹16,238 per gram. The price of 22-carat gold is about ₹14,885 per gram, while 18-carat gold is trading around ₹12,179 per gram.
In Kolkata, 24-carat gold is available at approximately ₹16,238 per gram. The price of 22-carat gold stands near ₹14,885 per gram, while 18-carat gold is priced at around ₹12,179 per gram.
In Chennai, gold prices are higher compared with other metropolitan cities. The price of 24-carat gold is approximately ₹16,418 per gram. The price of 22-carat gold is about ₹15,050 per gram, while 18-carat gold is trading around ₹12,890 per gram.
Gold prices also recorded gains in the international market. On Tuesday, global gold prices reached approximately $5,160 per ounce.
In the previous session, prices had declined slightly, but the market recovered those losses during Tuesday’s trading.
Experts said weakness in the U.S. dollar provided support to gold prices. When the dollar weakens, gold becomes relatively cheaper for investors using other currencies, which increases demand.
