KKN Gurugram Desk | Gold and Silver Price Trends Today (April 18, 2025): On Good Friday, both the MCX (Multi Commodity Exchange) and global bullion markets remain closed, leading to no trading activities during either the morning or evening sessions. Regular trading is expected to resume from Monday.

Gold and Silver Prices Drop Ahead of Good Friday

As of April 18, 2025, prior to the Good Friday holiday, there was a notable decline in the prices of gold and silver. On the MCX platform, the June futures contract for gold dropped by ₹422, closing at ₹95,661 per 10 grams. Silver saw a decline as well, falling by ₹36 to settle at ₹95,037 per kilogram. This downward trend reflects the market’s general sentiment ahead of the holiday.

MCX and Global Markets Closed for Good Friday

Today, April 18, the MCX and international bullion markets are closed due to the observance of Good Friday. Both the morning and evening trading sessions have been suspended, with normal operations expected to resume on Monday. Market participants are eagerly awaiting the reopening of these exchanges to react to any developments in the global economic environment.

International Gold and Silver Market: Key Updates

Globally, significant movements are taking place in the gold market, particularly involving the United States and Switzerland. The United States’ new tariff policy has led to favorable conditions for precious metals, and as a result, large quantities of gold are being imported into Switzerland.

In March 2025, Switzerland imported 25.5 tons of gold from the U.S., which is more than double the 12.1 tons imported in February 2025. At the same time, exports of gold from Switzerland to the U.S. have decreased by 32%, dropping to 103.2 tons.

Comex Warehouse: A Continuous Decline in Gold Stocks

The CME Group’s Comex warehouse, which handles gold futures trading, has been experiencing a consistent outflow of gold for the past eight days. On April 4, 2025, the inventory at the warehouse peaked at 45.1 million troy ounces. However, as of today, the stock has declined by 1.5 million ounces, amounting to a loss of approximately $4.8 billion in gold value.

This drop began in November 2024, shortly after Donald Trump was re-elected as the U.S. President, triggering an atmosphere of uncertainty among investors. The situation highlights ongoing shifts in the global demand for gold and the influence of political events on market movements.

Gold Consumption and Stock Situation in the U.S.

According to independent analyst Ross Norman, the U.S. consumes approximately 115 tons of physical gold (in the form of coins and bars) annually. Given the current inventory levels at CME warehouses, there is enough stock to meet this demand for the next 10 years. This data points to the sustainability of gold supplies in the U.S. for the foreseeable future, despite fluctuations in global market activity.

Market Outlook for Gold and Silver

The overall outlook for gold and silver prices remains uncertain in the short term due to the ongoing holiday closure of markets and geopolitical developments. However, it is important to consider the long-term trends in the precious metals sector, especially as global trade dynamics continue to evolve.

For investors and traders in the precious metals market, understanding the interplay of international trade policies, market sentiment, and stock inventories is crucial. With the ongoing closures for Good Friday, the next few days will likely see heightened activity when markets reopen. As always, it’s essential to keep an eye on global trends, as they will influence the pricing of gold and silver in the coming weeks.

Stay tuned for further updates on gold and silver prices as market conditions evolve.