On the domestic exchange, silver futures for May 2026 delivery advanced by Rs 1,458, or 0.5%, to Rs 2,50,086 per kg. Gold futures for June 2026 delivery, however, remained largely unchanged at Rs 1,53,079 per 10 grams.
In global markets, gold prices showed little movement but were on track to register a fourth consecutive weekly gain. Spot gold stood at $4,789.67 per ounce as of 0229 GMT, reflecting a weekly rise of 0.9%. US gold futures for June delivery were also steady at $4,809.30. Spot silver, on the other hand, edged down 0.2% to $78.26 per ounce, though it too was set to log its fourth straight week of gains.
Investor sentiment improved following geopolitical developments, including the implementation of a 10-day ceasefire between Lebanon and Israel on Thursday. US President Donald Trump also signalled that fresh talks between the United States and Iran could take place over the weekend.
Earlier, gold prices had come under pressure, declining more than 8% since the conflict involving Iran began in late February, as rising energy costs raised concerns about higher inflation and the possibility of interest rates remaining elevated for longer.
