Gold and Silver Prices Surge in Early 2026

Gold and silver prices started 2026 on a strong note, rising sharply in India’s domestic futures market. Strong local demand and a weaker US dollar boosted investor confidence, continuing the upward trend seen through 2025. Precious metals like gold and silver are being seen as safe investments and long-term portfolio hedges.

On the Multi Commodity Exchange (MCX), gold futures for February 2026 opened at Rs 1.36 lakh per 10 grams, up Rs 1,195 from the previous close of Rs 1.35 lakh. Most of the gains were maintained throughout the session, with the contract last trading around Rs 1.36 lakh, up Rs 795, or nearly 0.6%.

Buying interest was also seen in longer-term contracts. Gold futures for April 2026 rose Rs 721, or 0.52%, to trade near Rs 1.40 lakh per 10 grams. Analysts said this was supported by a positive global outlook, including expectations of easier monetary policies, continued central bank purchases, and ongoing geopolitical uncertainties.

Silver outperformed gold during the session. MCX silver futures opened at Rs 2,39,041 per kg and climbed to an intraday high of Rs 2,43,443 per kg, following strong global silver prices on COMEX. The March 2026 silver contract gained more than 3% during the day and was last trading at around Rs 2.42 lakh per kg, up over Rs 6,100, or 2.6% in a single session.

The strong start to the year for gold and silver shows continued investor interest in precious metals as safe-haven assets amid global economic uncertainty and market volatility.