Gold and silver began Wednesday’s session with strong gains on the Multi Commodity Exchange of India, mirroring the upward trend in global bullion markets after US President Donald Trump agreed to a two-week ceasefire with Iran, which helped ease fears of inflation driven by rising energy prices.
Silver futures for May 2026 delivery on MCX surged by Rs 13,422, or 6%, to Rs 2,44,770 per kilogram. At the same time, gold futures maturing in June 2026 climbed Rs 3,655, or 2.4%, to Rs 1,53,944 per 10 grams.
