Gold, Silver Ease in India Ahead of Akshaya Tritiya as Global Prices Hold Firm

Overview

• India’s bullion market saw a brief pullback before the festival, with 24K gold near ₹1,54,200 per 10 grams and silver around ₹2,65,000 per kilogram.
• Silver prices fell by about ₹5,000 per kilogram as traders took profits after a sharp run-up earlier in the week.
• International gold and silver held steady with weekly gains as talk of a US–Iran ceasefire reduced worries about inflation and further rate hikes.
• On the futures side, MCX silver for May traded near ₹2.50 lakh per kilogram, and one brokerage analyst expected roughly a 4% weekly rise.
• Southern cities such as Chennai and Hyderabad showed silver prices about ₹10,000 per kilogram higher than other metros, and shoppers face extra costs from 3% GST and jewellery making charges.