New Delhi: Today the new financial year has started from April 1, 2026, but the news coming from the bullion market can be heavy on the pocket of the common man. Amid global tensions and inflation concerns, there is a tremendous rise in gold prices. Gold’s shine has increased so much that it has crossed the psychological level of ₹ 1,51,000, while silver prices have registered a slight slowdown today.
Record breaking rise in gold prices, ‘yellow gold’ crosses Rs 1.51 lakh
A strong rise was seen in the gold future price in this morning’s trading session. Gold with the contract of June 5, 2026 has reached a new peak of ₹ 1,51,553 per 10 grams with an increase of ₹ 792 or 0.53%. Experts say that the rise in the international market (Comex) is having a direct impact on India’s domestic market. Amidst the ongoing uncertainty around the world, investors are considering gold as the safest investment, due to which both its demand and prices are skyrocketing.
Slight fall in silver prices, is this a buying opportunity?
Unlike gold, there is some relief in the prices of silver today. Silver with the contract of May 5, 2026 is trading today at ₹ 2,39,493 per kg, falling by ₹ 1,399 or 0.58%. After the stormy rise in silver for the last few days, now ‘profit booking’ is being seen in the market. That means, after reaching high levels, investors are now earning profits by selling their silver. However, experts believe that the price of ₹2.39 lakh is still historically high.
Why are the prices of gold and silver on fire?
Market experts have cited three major reasons behind this huge fluctuation in prices. The first is the Middle East crisis; The increasing tension between Iran and Israel has scared the entire world. The second major reason is the weakness of the rupee against the dollar, due to which it has become expensive to import gold into India. Apart from this, the new tax rules applicable on Digital Gold and Sovereign Gold Bond (SGB) from today, April 1, have also affected the sentiments of investors.
global market situation
There is movement in other metals at the international level also. Spot silver today fell 0.8% to $ 74.53 an ounce. At the same time, platinum has increased by 0.7% to $ 1,963.22 and palladium has increased by 0.6% to $ 1,484.84 an ounce.
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