Gold, Silver Prices Edge Higher: What’s Driving The Surge?

Gold and silver prices edged higher on Tuesday, tracking gains in international bullion markets after the US dollar weakened. The recovery came after remarks by US President Donald Trump suggested that the conflict with Iran could be nearing its end, prompting investors to return to safe-haven assets during Asian trading hours. Gold and silver prices also opened sharply higher on the Multi-Commodity Exchange of India (MCX) on Tuesday. MCX gold futures for April 2026 rose Rs 1,492, or 1.1%, to Rs 1,61,791 per 10 grams, while May 2026 silver futures jumped Rs 11,179, or 4%, to Rs 2,78,339 per kg. Bullion markets, however, remain volatile as traders continue to track geopolitical developments, movements in the US dollar, and expectations around global interest rates.