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Representational Image| Photo: AI generated<\/p>\nBusiness Desk<\/p>\n
Last Updated: 05 April 2026, 08:33 PM IST<\/p>\n
Brokerage firm Choice Broking said the rebound in gold and silver was supported by a mix of macroeconomic and geopolitical factors, including a weakening rupee at record lows and a decline in Bitcoin, which led investors to shift towards bullion.<\/p>\n
Representational Image| Photo: AI generated<\/p>\n
New Delhi: Gold and silver prices are expected to remain range-bound with a positive bias in the coming week as investors closely track geopolitical developments in West Asia<\/a> and key global macroeconomic data, analysts said.<\/p>\n Market participants will also keep a close watch on the upcoming monetary policy decision by the Reserve Bank of India scheduled mid-week, which could provide further direction to domestic bullion prices.<\/p>\n “Going into the week ahead, focus continues to remain on developments in the Gulf region – any sign of further escalation and de-escalation may drive prices, accordingly,” Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, said.<\/p>\n Apart from geopolitical cues, investors are expected to monitor a series of global economic indicators.<\/p>\n “On the data front, investors will be looking ahead to the services PMI numbers from across major economies, and US data on durable goods, GDP, Personal Consumption Expenditures (PCE) index and CPI inflation,” he added.<\/p>\n In the previous holiday-shortened week, precious metals witnessed a recovery after three consecutive weeks of decline. On the Multi Commodity Exchange, gold futures for the June contract rose by Rs 2,425, or 1.65 per cent, while silver futures for May delivery gained Rs 4,541, or 2 per cent.<\/p>\n Also read |\u00a0Will RBI hold rates in April amid rising inflation risks? Economists weigh in<\/a><\/p>\n Brokerage firm Choice Broking said the rebound in gold and silver was supported by a mix of macroeconomic and geopolitical factors, including a weakening rupee at record lows and a decline in Bitcoin, which led investors to shift towards bullion.<\/p>\n In the international market, gold futures for June climbed USD 155.4, or 3.43 per cent, to settle at USD 4,679.7 per ounce on Comex. Silver for May delivery advanced USD 3.13, or 4.5 per cent, to close at USD 72.92 per ounce.<\/p>\n “Gold prices closed in positive for the second straight week, ending with a weekly gain of nearly 4 per cent, while silver too was up for the week, tracking higher gold and industrial metals,” Mer said.<\/p>\n He added that prices held firm despite stronger-than-expected US macroeconomic data, which reinforced the view of Federal Reserve officials that the economy remains resilient and monetary policy accommodative.<\/p>\n