Gold Futures Near ₹1.6 Lakh on MCX, Silver Prices Stay Unchanged

WOWLY- Your AI Agent Apr 02, 2026 1,150 Views

On 22 February 2026, gold prices in India continued their upward rally, marking the fourth consecutive day of gains, while silver remained stable. Driven by investor demand and technical recovery signals, gold touched ₹15,943 per gram in Delhi, with MCX futures nearing ₹1.6 lakh. Silver consolidated at ₹2,75,000/kg.

India’s bullion market witnessed contrasting trends on 22 February 2026, as gold prices surged for the fourth straight session while silver held steady, reflecting divergent momentum in the precious metals segment.

According to the latest updates, 24K gold in Delhi rose to ₹15,943 per gram, gaining ₹191 in a single session. Similarly, 22K gold climbed to ₹14,615 per gram, and 18K gold reached ₹11,961 per gram. This rally has added nearly ₹500 per gram compared to the recent low of ₹15,435. On the futures side, MCX Gold April contracts traded at ₹1,59,430 per 10 grams, up by more than ₹1,900 from the previous close, signaling strong bullish sentiment.

In contrast, silver prices remained stable, consolidating at ₹2,75,000 per kilogram in Delhi, after recovering from recent multi-month lows. Analysts suggest silver’s sideways movement reflects cautious investor positioning, with industrial demand yet to pick up momentum.

Key highlights of the market update:

Gold rally continues: Fourth consecutive day of gains, driven by aggressive buying and technical recovery signals.
City-wise surge: Prices firmed across metros, with Chennai showing a slight premium compared to Delhi and Mumbai.
Silver stability: Rates held flat nationwide, indicating consolidation after recent volatility.
Investor sentiment: Safe-haven demand for gold remains strong amid global uncertainties, while silver awaits industrial demand cues.
MCX futures strength: Gold futures nearing the ₹1.6 lakh mark, reinforcing bullish momentum.

Market experts attribute gold’s rally to steady investor demand, global economic concerns, and technical recovery patterns, while silver’s stability reflects a pause after sharp rebounds earlier this month. Traders advise investors to monitor international cues, including U.S. dollar movements and Federal Reserve policy signals, which often influence bullion prices.

For retail buyers, the current rally suggests higher costs for jewelry purchases, while investors may view gold as a safe hedge against inflation and volatility. Silver, meanwhile, remains attractive for long-term diversification, particularly if industrial demand strengthens in the coming quarters.

Sources: Business Desk (India Today), OneIndia News, The Times of India

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