Gold Prices Rise Amid Geopolitical Shifts and Dollar Weakness Gold and silver prices rebounded sharply on Friday, reversing earlier declines after a steep drop in the previous session. The recovery was driven by a weaker U.S. dollar, easing geopolitical tensions, and renewed optimism around U.S.-Iran negotiations. On the Multi Commodity Exchange of India (MCX), silver futures for May 2026 delivery surged by 2.3% to Rs 2,25,014 per kilogram, while gold futures for April 2026 delivery climbed 1% to Rs 1,40,900 per 10 grams. Globally, spot gold rose 1.1% to $4,428.30 per ounce, and spot silver gained 1.1% to $68.80 per ounce. The rebound followed a dramatic crash in gold prices earlier in the week, which saw the metal fall nearly 3% due to heightened fears of a prolonged Middle East conflict and rising energy costs. U.S. President Donald Trump’s announcement of a 10-day pause on strikes targeting Iran’s energy infrastructure and his indication of progress in talks with Tehran helped ease market concerns. Analysts noted that the temporary halt in attacks provided temporary relief to investors, though uncertainty over a lasting ceasefire continued to weigh on sentiment. Gold ETFs also saw mixed performance, with several funds declining sharply despite the rally in physical bullion. Nippon India Silver ETF dropped 4.03%, while SBI Silver ETF and ICICI Prudential Silver ETF fell around 4%. Gold ETFs, including ICICI Prudential Gold ETF and Nippon India ETF Gold BeES, also declined by 2.36% and 2.09%, respectively. The divergence between ETFs and physical prices highlighted the complex dynamics at play, with investors shifting between assets based on risk appetite and macroeconomic signals. In international markets, Comex gold futures for April delivery rose 2.04% to $4,465.#u_s_dollar #indusind_securities #u_s_president_donald_trump #mcx_gold_futures #nippon_india_silver_etf
