Gold Jumps 1% to ₹1,53,699 on MCX as Dollar and Crude Fall After US Extends Iran Ceasefire

Gold prices moved higher in early trade on 22 April as global cues turned positive.

• MCX Gold June futures rose ₹2,000+ (1.3%) to ₹1,53,699 per 10 grams
• MCX Silver May futures jumped ₹4,700+ (~2%) to ₹2,49,423 per kg

Why Gold Prices Increased?

The rally came after Donald Trump extended the US ceasefire with Iran, helping reduce geopolitical tensions and pushing crude oil prices lower.

At the same time, the US dollar index slipped slightly, which supported gold prices globally. Gold usually rises when the dollar weakens.

Recent Volatility in Gold

Gold has been volatile recently due to the US-Iran conflict and rising crude oil prices.

• Domestic spot gold has fallen over 4% since the conflict began on Feb 28.
• Higher oil prices had earlier raised inflation concerns and reduced hopes of US rate cuts, which pressured gold.

Read More: India’s Gold Imports Hit Record USD 71.98 Billion in FY26 Amid Price Surge.

Federal Reserve Developments

US Federal Reserve Chair nominee Kevin Warsh told US senators he would remain independent while setting interest rate policy. This also influenced market sentiment.

Conclusion

Gold and silver gained as the weaker dollar, falling oil prices, and easing geopolitical tensions boosted investor demand for safe-haven assets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.