MCX Gold & Silver Prices Skyrocket as Bullion Turnover Hits ₹25,000 Crore; Crude Oil Dips

Mumbai: The Multi Commodity Exchange (MCX) witnessed an explosive trading session on Wednesday, March 25, 2026, as precious metals staged a powerful recovery. Total turnover on the exchange reached a staggering ₹232,338.31 crore, largely driven by a frenzy in commodity options and a renewed investor appetite for safe-haven assets.

Gold Hits Record Psychological Milestone

Breaking a recent losing streak, gold futures surged by over 4%, crossing the crucial ₹144,000 per 10 grams mark. The April contract settled at ₹144,795, marking a single-day rise of ₹5,883. Market analysts attribute this “buy the dip” action to escalating geopolitical tensions in West Asia and a softening US Dollar.

Smaller denominations also saw high activity:

• Gold-Gini (8g): Settled at ₹117,297 (Up 3.29%)

• Gold-Petal (1g): Settled at ₹14,742 (Up 3.8%)

Silver Outperforms with 5.5% Surge

Silver stole the spotlight with an even more aggressive rally. The May futures contract jumped by ₹12,487, settling at ₹236,428 per kg. Retail-centric contracts like Silver-Micro and Silver-Mini also reflected this strength, trading above the ₹2.40 lakh level as industrial demand expectations paired with bullion’s safe-haven status.

Energy Segment: Crude Oil and Natural Gas Slide

In stark contrast to the glittering metals, the energy segment faced significant selling pressure:

• Crude Oil: April futures tumbled by nearly 6%, dropping ₹521 to settle at ₹8,215 per barrel.

• Natural Gas: Prices fell by 2.23% to settle at ₹271.40 per MMBTU, influenced by shifting global supply forecasts and cooling demand.

Market Statistics at a Glance

The Bulldex (Bullion Index) futures also mirrored the positive sentiment, trading at the 35,360-point level, up significantly from previous sessions. With the wedding season in full swing in India, the sudden spike in gold prices is expected to impact retail jewelry demand in the coming weeks.