Gold and silver are expected to remain range-bound with a positive bias next week as investors track geopolitical developments in West Asia and key global macro data, analysts said.
On the domestic front, investors will also be looking for the Reserve Bank of India's monetary policy mid-week, they added.
Investors will also monitor a series of global economic indicators for fresh direction.
"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.
In the holiday-shortened past week, gold futures for the June contract increased ₹2,425, or 1.65 per cent, while silver for the May delivery appreciated ₹4,541, or 2 per cent on the Multi Commodity Exchange.
Brokerage firm Choice Broking said gold and silver prices staged a recovery after three consecutive weeks of decline, supported by a combination of macroeconomic and geopolitical factors, including a weakening Indian rupee at record lows, and a decline in Bitcoin as investors shifted flows toward bullion.
In the international market, gold futures for the June contract gained USD 155.4, or 3.43 per cent, to settle at USD 4,679.7 per ounce on the Comex.
Silver for May delivery increased USD 3.13 or 4.5 per cent, to close at USD 72.92 per ounce on Thursday.
"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.
He noted that prices held onto gains despite better-than-expected US macroeconomic data releases, which cemented expectations and the Federal Reserve officials' view that the economy remains on a stronger footing and that the current monetary policy remains accommodative.
Some liquidation in the gold was seen amid ETF selling investors and reduced central bank buying, followed by a sharp corrective move after US President Donald Trump's remarks on Iran heightened geopolitical tensions, Mer added.
Choice Broking said uncertainties persist as Iran rejected a US peace proposal and asserted control over the Strait of Hormuz, while strong physical demand supported sentiment. Silver imports into China during the first two months of 2026 hit an eight-year high at 206.76 metric tonnes, tightening global supply.
Analysts said the overall trend in precious metals is expected to remain sideways-to-bullish next week, with investors also tracking the US unemployment rate and jobless claims for further cues on policy easing and bullion prices.
Published on April 6, 2026