Gold and silver prices may surge when markets open Monday as escalating tensions between Israel and Iran fuel global uncertainty. Investors are increasingly turning to safe-haven assets, pushing bullion prices higher and raising speculation about further record-breaking rallies.
Gold and silver markets are expected to start the week on a strong note amid Israel-Iran tensions
New Delhi: Gold and silver markets are expected to start the week on a strong note as rising geopolitical tensions in the Middle East drive investors toward traditional safe-haven assets. The latest escalation came after Israel Defense Forces reportedly carried out pre-emptive strikes on Iran, triggering fears of a wider regional conflict.
The development has increased uncertainty in global financial markets, encouraging investors to move funds into precious metals such as gold and silver.
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In India, precious metals ended Friday’s session slightly lower amid subdued trading activity on the Multi Commodity Exchange.
April gold futures settled at ₹1,61,971 per 10 grams, falling ₹133 or 0.08%. Meanwhile, May silver futures declined ₹654 or 0.23% to close at ₹2,81,990 per kilogram.
Despite the modest dip, analysts believe prices may open higher when trading resumes on Monday due to global developments over the weekend.
Global bullion markets moved in the opposite direction. On the COMEX, gold prices surged nearly 2% to settle at $5,296.40 per ounce, gaining $102.20 in a single session.
Silver recorded an even stronger rally, climbing close to 8% to reach $93 per ounce. Analysts say the surge reflects investors shifting toward safer assets amid rising geopolitical risk.
Commodity expert Anuj Gupta expects both metals to witness a “gap-up opening” on Monday as safe-haven demand intensifies.
Gold has already seen a strong upward trend this year. MCX gold futures rose by more than 8% in February alone, gaining ₹12,451 per 10 grams. Year-to-date, the yellow metal has climbed about 20%, or ₹26,700.
Silver, however, experienced mixed performance. Prices declined around 3% in February but still recorded a 20% rise in 2026, adding nearly ₹46,900 so far this year.
Several global factors are supporting precious metals. Rising geopolitical tensions between Israel and Iran have increased market uncertainty, prompting investors to seek safer assets.
In addition, falling U.S. Treasury yields have reduced the opportunity cost of holding gold. Inflation concerns are also playing a role after higher U.S. producer price data suggested persistent price pressures.
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Another major factor is increased demand from China. Gold imports through Hong Kong jumped sharply in January, further supporting global prices.
Market analysts believe prices could climb further if geopolitical tensions intensify. Gold is currently facing resistance around $5,450, while key support is seen near $5,120.
Silver has crossed the $92 level and may continue rising if uncertainty persists. However, experts caution that reaching $6,000 for gold or $200 for silver would require prolonged geopolitical tensions and sustained global demand. For now, investors are closely watching developments in the Middle East to determine the next move in precious metals markets.
