Gold, silver stay elevated
Gold prices were stabilizing at record highs in India on April 12 while tokenized gold product PAXG was trading near $4,695 after hitting an all‑time high of $5,619 in January. (Silver rebounded to about $76.65 on April 11, with domestic Indian rates at roughly ₹2.60 lakh per kilogram as industrial demand and geopolitics keep volatility high.) (newspress.co.in) (financefeeds.com) (sundayguardianlive.com) (businesstoday.in)
Gold and silver are still trading near extreme levels in April 2026, with Indian retail gold holding above ₹1.5 lakh per 10 grams and silver near ₹2.60 lakh per kilogram. (newspress.co.in) On Sunday, April 12, Indian physical bullion markets were shut, but quoted retail rates still showed 24-carat gold at ₹1,51,600 per 10 grams and 22-carat gold at ₹1,38,950. (newspress.co.in) Silver rebounded on Friday, April 11, to about $76.65 an ounce, while domestic Indian rates were reported around ₹2.60 lakh per kilogram. (sundayguardianlive.com) (businesstoday.in) The move is showing up in digital markets too. PAX Gold, a crypto token issued by Paxos that represents one fine troy ounce of gold in London vaults, closed at $4,747.32 on April 9 after trading as high as $4,785.49 that day. (paxos.com) (coinmarketcap.com) Gold’s strength has held even after repeated record highs in 2025. The World Gold Council said central banks bought a net 230 tonnes in the fourth quarter of 2025, up from 218 tonnes in the prior quarter. (gold.org) Silver has a different driver mix. The Silver Institute’s World Silver Survey 2025 said the market posted a fifth straight annual deficit in 2024, with industrial demand hitting a record 680.5 million ounces. (silverinstitute.org) (goldsilver.com) In India, local prices do not just track the global metal quote. Retail rates also move with the rupee, import duties, taxes, and dealer premiums, which is why city prices can stay elevated even when international trading pauses for the weekend. (goldmeter.in) That matters ahead of Akshaya Tritiya, one of India’s biggest bullion-buying festivals, when households typically buy coins, bars, and jewelry. Business Today reported on April 11 that silver prices had climbed sharply since the 2025 festival. (businesstoday.in) For now, the market has stopped sprinting but not really backed off. Gold is still sitting near records, silver is still volatile, and both metals are entering India’s festival-buying season at historically expensive levels. (newspress.co.in) (sundayguardianlive.com)
