Silver jumps ₹4,000 in a day, gold prices surge ahead of Akshaya Tritiya | Check rates

Gold and silver prices witnessed a sharp surge on Thursday, driven by strong domestic demand ahead of Akshaya Tritiya and increased buying activity in the bullion market. The sudden spike has drawn attention from both investors and jewellery buyers, with silver registering a particularly steep rise in a single trading session.

On the Multi Commodity Exchange (MCX), silver jumped by ₹3,993 in early trade to reach ₹2,55,735 per kilogram. Gold also recorded a significant gain, rising by around ₹861 to ₹1,54,809 per 10 grams. The sharp upward movement reflects heightened market activity as the festive season approaches, traditionally considered an auspicious time for purchasing precious metals.

In the retail market, prices have also moved higher across all categories. The rate of 24 karat gold increased by ₹220 to ₹1,55,570 per 10 grams, while 22 karat gold rose by ₹200 to ₹1,42,600 per 10 grams. Meanwhile, 18 karat gold climbed by ₹170 to ₹1,16,680 per 10 grams. Silver is currently trading at around ₹2,70,000 per kilogram in the retail segment, reflecting strong demand across major cities.

Market activity has been particularly strong in Delhi, where festive buying ahead of Akshaya Tritiya has intensified. Fresh purchases by traders and stockists have pushed prices further upward, with gold touching around ₹1.58 lakh per 10 grams and silver nearing ₹2.57 lakh per kilogram in recent sessions. Despite rising prices, consumer interest remains steady, with buyers increasingly opting for lighter and designer jewellery.

Globally, however, precious metals showed some weakness, with gold prices declining by about one percent and silver also trading lower. Despite this trend, domestic factors such as festive demand and the ongoing wedding season have continued to support higher prices in India, keeping the bullion market on an upward trajectory.