Noida, Apr 17 (APAC Media): Gold and silver prices opened Friday’s session on a positive footing on the Multi Commodity Exchange of India (MCX), tracking easing inflation concerns and growing optimism in global markets over a possible US–Iran peace agreement that has improved risk sentiment and supported demand for precious metals.
In global markets, gold prices moved little but remained on track for a fourth straight weekly gain. Spot gold was at $4,789.68 per ounce as of 0228 GMT, up 0.9% for the week, while US gold futures for June delivery held steady at $4,808.30. Spot silver slipped 0.2% to $78.26 per ounce, although it is also poised to record its fourth consecutive weekly gain.
Investor sentiment improved after recent geopolitical developments, including the implementation of a 10-day ceasefire between Lebanon and Israel on Thursday.
Additionally, US President Donald Trump indicated that fresh negotiations between the United States and Iran could take place over the weekend, further supporting market optimism.
City-wise Gold & Silver Rates (17 April 2026)
| 🏙️ City | 🟡 24K Gold (Rs/gram) | 🟠 22K Gold (Rs/gram) | ⚪ Silver (999) (Rs/kg) |
|---|---|---|---|
| 🔴 Delhi | Rs 15,580 | Rs 14,260 | Rs 2,55,000 |
| 🔵 Mumbai | Rs 15,565 | Rs 14,245 | Rs 2,55,000 |
| 🟢 Chennai | Rs 15,665 | Rs 14,360 | Rs 2,65,000 |
| 🟣 Kolkata | Rs 15,565 | Rs 14,245 | Rs 2,55,000 |
| 🟡 Bengaluru | Rs 15,565 | Rs 14,245 | Rs 2,55,000 |
| 🟠 Hyderabad | Rs 15,565 | Rs 14,245 | Rs 2,55,000 |
On the MCX, bullion futures traded mixed in early Friday deals. Gold June 2026 futures fell Rs 472, or 0.31%, to Rs 1,53,301 per 10 grams. Silver contracts moved in the Rs 2,50,000–2,54,000 per kg range, showing volatility with a slight negative bias in select contracts.
The US dollar strengthened after hitting a six-week low in the previous session, but it was still headed for a second consecutive weekly decline. A weaker dollar typically supports commodity prices by making dollar-denominated assets more attractive for overseas buyers.
Akshaya Tritiya, one of the most auspicious Hindu festivals, will be observed on 19 April. Also known as Akha Teej, the day falls on the Tritiya tithi of Shukla Paksha in the month of Vaishakh and is associated with prosperity, good fortune and new beginnings. The festival is widely marked by the purchase of gold, as it is believed to bring lasting wealth and success. As a result, demand for gold typically rises ahead of the occasion as people buy jewellery and bullion to mark the celebration.
📊 Market Overview
Bullion markets traded with a mixed bias on Friday, as gold witnessed mild profit booking while silver remained volatile within a narrow range on MCX. Global cues stayed largely steady, with spot gold hovering near elevated levels and silver showing slight pressure despite overall weekly strength.
Sentiment remained cautious as traders weighed easing geopolitical tensions against ongoing inflation and interest rate expectations, keeping price movements range-bound across domestic and international markets.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
Also Read:
