Gold crosses Rs 1.6 lakh, silver jumps as tariffs, tensions roil markets
Gold crosses Rs 1.6 lakh, silver jumps as tariffs, tensions roil markets
Gold reclaims Rs 1.6 lakh and silver climbs on MCX amid tariff uncertainty and geopolitical tensions, signaling ongoing volatility for precious metals.
Gold prices on the MCX rose at the opening, reclaiming the Rs 1.6 lakh mark for 10 grams as investors sought safe-haven assets amid tariff uncertainty and mounting geopolitical tensions. Gold futures for April 2026 were up about 0.7%, trading around Rs 1,61,072 per 10 grams, while silver for March delivery jumped roughly 2.7% to Rs 2,67,990 per kg. On the global stage, spot gold edged higher and silver traded up as traders weighed macro cues and dollar movements. In the international market, gold prices hovered around $5,174.76 per ounce, with spot silver at about $88.23 per ounce after hitting a more than two-week high earlier in the week.
Analysts point to the 10% global tariff imposed by the United States and ongoing geopolitical jitters as the key drivers behind the renewed safe-haven bid. Tariff-related uncertainty, coupled with upcoming US-Iran discussions in Geneva, has kept buyers cautious even as bullion prices attempt to extend gains. The dollar index has held above the 97 level, which traditionally constrains bullion gains but has not deterred safe-haven demand given the current risk environment. As markets digest evolving macroeconomic signals and geopolitical developments, volatility remains in the cards for both gold and silver.
Traders are urged to proceed cautiously, balancing the appeal of precious metals with risk management. Keep a close eye on tariff announcements, geopolitical headlines, and dollar movements, and consider hedging strategies to navigate potential swings. Silver’s sharper intraday move relative to gold suggests renewed risk-off demand, but gains could be tempered if macro cues improve or if the dollar strengthens further. The path ahead for bullion will hinge on global policy signals and the trajectory of demand for safe-haven assets amid uncertain times.
