Gold, silver rates up today: What explains the rise in COMEX metals
Published on 16/04/2026 07:23 AM
Gold, silver rates up today: What explains the rise in COMEX metalsGold and silver rose on Thursday as geopolitical uncertainty and dollar weakness boosted safe haven demand, while Asian stocks and US futures gained on easing Iran US tensions.By Anshul April 16, 2026, 7:23:08 AM IST (Updated)2 Min ReadGold and silver prices rose in Thursday’s (April 16) trade, tracking geopolitical uncertainty, currency fluctuations and broader risk-on sentiment in global equities.
On COMEX, gold futures rose to $4,849 an ounce, up $25.50 or 0.53%. Silver futures climbed to around $80.68–$81 an ounce, gaining $1.05 or 1.32%.
The move came as Asian equities traded higher in early sessions, supported by optimism over potential de-escalation in geopolitical tensions involving Iran and the United States, alongside expectations of a steady earnings season. MSCI’s Asia-Pacific index outside Japan rose 0.3%, while Japan’s Nikkei advanced 1.5%.
US futures also edged higher, extending the previous Wall Street rally driven by strong earnings from major banks.
According to Kaynat Chainwala, AVP Commodity Research, Kotak Securities, dollar weakness triggered by soft US inflation-linked data and expectations of renewed US–Iran negotiations supported safe-haven demand in the previous session, even as the greenback showed partial recovery during the day.
Silver saw support from industrial demand, though gains were tempered by broader macroeconomic uncertainty, according to market commentary attributed to Gaurav Garg, research analyst at Lemonn Markets desk.
Oil markets also remained volatile, with Brent crude easing on expectations of improved supply flows and mixed geopolitical signals.
Overall, bullion markets remained supported by macro uncertainty and geopolitical developments, but gains were capped by intermittent dollar strength and shifting risk appetite across global asset classes.
-With Reuters inputsContinue ReadingNote To ReadersDisclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers should consult certified experts before making any investment decisions.First Published: Apr 16, 2026 7:21 AM ISTTagsgoldGold Pricesgold ratessilversilver prices