Gold, silver may remain range-bound on West Asia tensions, US data in focus: Analysts

In the holiday-shortened past week, gold futures for the June contract increased ₹2,425, or 1.65%, while silver for May delivery appreciated ₹4,541, or 2%, 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 $155.4, or 3.43%, to settle at $4,679.7 per ounce on the Comex.Silver for May delivery increased $3.13 or 4.5%, to close at $72.92 per ounce on Thursday.“Gold prices closed in positive for the second straight week, ending with a weekly gain of nearly 4%, while silver too was up for the week, tracking higher gold and industrial metals,” Mer said.First Published: Apr 5, 2026 8:14 PM IST

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