Gold, Silver Prices Today (April 2):Gold prices in India have once again grabbed headlines after breaching the psychological ₹1.50 lakh per 10 grams mark, both in the futures market on the Multi Commodity Exchange (MCX) and across retail markets. The market experiences a strong price increase because of worldwide economic instability and rising inflation rates but the main inquiry remains whether this trend will persist after April 2.
Gold Price Today: What’s Driving the Surge?
On April 2, 2026, gold and silver prices continued their upward momentum, with both metals witnessing strong gains on MCX. Gold has already delivered exceptional returns over the past year, rising nearly 60% in FY 2025–26, highlighting a sustained bullish trend in the bullion market.
The MCX gold price had surpassed ₹1.50 lakh per 10 grams threshold in early 2026 when geopolitical tensions and trade uncertainties caused market participants to choose gold as their preferred safe-haven asset. In the international market, spot gold prices climbed to around $4,700 per ounce, reaching their highest levels in nearly two weeks.
Gold, Silver Prices Today (April 2)
As per latest market updates:
- 24K Gold: ~₹1,50,000+ per 10 grams
- 22K Gold: ~₹1,37,000 – ₹1,40,000 per 10 grams
- 18K Gold: ~₹1,12,000 – ₹1,15,000 per 10 grams
MCX Futures Rates (Approx.)
- Gold: ₹1,60,000 – ₹1,62,000 per 10 grams
- Silver: ₹2,50,000 – ₹2,65,000 per kg
Gold Extends Weekly Rise as Trump Signals Possible End to Iran War
Volatility Warning
The gold market experienced significant price fluctuations during 2026 because its upward movement showed non-linear progress. The prices dropped below ₹1.5 lakh because of two factors which were a strong US dollar and decreasing geopolitical tensions.
Analysts observe that price movements become unpredictable during times of geopolitical conflict because of two main factors: a shortage of available funds and changes in investment patterns. The market shows an upward trend but we should expect short-term price declines to happen before any further increases.
Expert Outlook
According to Surendra Mehta, Secretary of the India Bullion & Jewellers Association (IBJA), gold and silver are witnessing a rebound due to easing geopolitical tensions and renewed buying by global funds. Mehta expects gold prices to potentially reach $5,900 to $6,000 per ounce by 2026, while silver could rise to $160 per ounce. He also noted that while jewellery demand has remained subdued due to high prices and uncertainty, investment demand for bullion is likely to increase in the coming months.
Market experts maintain their optimistic outlook with points of caution. The current gold market shows an upward trend that will continue until the next economic changes cause temporary price adjustments.
