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Indian bullion Market Experienced A Notable Recovery, Trimming Losses Triggered After The Ceasefire Headlines

While the immediate “Panic Buying” has subsided, The Long-Term trend for precious metals remains structurally supported by broader economic uncertainties.

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The Indian bullion market experienced a notable recovery as gold and silver prices rebounded from a recent corrective phase. This upward shift follows a period of high volatility driven by the geopolitical breakthrough of a US-Iran ceasefire, which initially stripped away some of the safe-haven premium that had been driving prices to record highs.

Indian gold prices on 11 April 2026 moved higher by about Rs. 870 per 10 grams, trimming losses triggered after the ceasefire headlines. For 24K gold with 99.9% purity, the rate stood at Rs. 15,235 per gram or Rs. 1,52,350 per 10 grams, while 22K gold at 91.6% purity was quoted at Rs. 13,965 per gram or Rs. 1,39,650 per 10 grams.

Despite this easing of tensions, the domestic market saw a firm recovery on Saturday, with the MCX signaling a cautious trend. While gold recovered a portion of its earlier losses, silver saw a more aggressive climb per kilogram across major metropolitan hubs, reflecting a resilient demand for precious metals even as global markets paused for the weekend.

In the international arena, spot gold stabilized near $4,749.42 per ounce, securing its third consecutive weekly gain of approximately 2%. Silver maintained a strong technical position, trading in a band between $76.31 and $76.65 per ounce and successfully defending a critical support level at $75.00. Investors are currently balancing a complex macroeconomic landscape where easing inflation risks are being weighed against a strengthening US dollar. This “cautious” sentiment is further reinforced by the strategic behavior of central banks, whose continued interest in diversifying reserves provides a steady floor for prices despite the de-escalation of conflict in the Middle East.

For domestic consumers in India, city-specific pricing continues to vary based on local taxes and demand, with significant recovery noted in cities like Chennai and Delhi. However, market experts remind buyers that retail costs remain subject to additional charges, including a 3% GST and various making charges that can significantly alter the final invoice. As central bank policies and currency fluctuations remain the primary drivers of momentum, the recovery on April 11 suggests that while the immediate “panic buying” has subsided, the long-term trend for precious metals remains structurally supported by broader economic uncertainties.

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National News

MMTC-PAMP Appoints Sidharth Malhotra As Brand Ambassador

As Part Of The Association, Sidharth Will Lead MMTC-PAMP’s New Integrated Campaign, ‘Purest And More,’ Showcasing The Brand’s Expanding Portfolio Across Physical Precious Metals, Digital Investments and Responsible Gold Recycling.

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MMTC-PAMP, India’s only London Bullion Market Association (LBMA)-accredited Good Delivery  Gold & Silver refiner, today announced acclaimed actor Sidharth Malhotra as its Brand Ambassador, marking a significant  milestone in the brand’s journey to strengthen its connection with a new generation of consumers. As part of the association,  Sidharth will lead MMTC-PAMP’s new integrated campaign, ‘Purest And More,’ showcasing the brand’s expanding portfolio  across physical precious metals, digital investments and responsible gold recycling. 

The integrated campaign showcases MMTC-PAMP’s complete ecosystem, from 24K 999.9+ purest gold and silver coins and  bars to digital gold and silver, gold recycling, online purchasing and assured buyback services. Through relatable, everyday  moments and festive celebrations, the campaign reinforces MMTC-PAMP’s position as India’s most trusted precious metals  brand while making gold ownership more relevant, accessible and convenient for today’s consumers. 

Announcing the association, Samit Guha, Managing Director and CEO, MMTC-PAMP said:

“We are delighted to welcome  Sidharth Malhotra to the MMTC-PAMP family. Sidharth has built a strong reputation through authenticity, credibility and a  modern outlook—qualities that closely reflect the values of our brand. As one of India’s most admired and influential actors,  he enjoys a deep connect across generations, making him an ideal ambassador as we continue expanding the reach of MMTC PAMP among both seasoned investors and first-time buyers.

This partnership comes at an exciting phase in our growth as we  continue to redefine precious metals ownership through innovation, responsible sourcing and world-class quality. Through  our ‘Purest And More’ campaign, we are showcasing how MMTC-PAMP today offers far more than physical gold—from digital  investments and online buying to gold recycling and assured buyback—while remaining uncompromising on purity and trust.”

The campaign film unfolds through a series of relatable family moments around a wedding celebration, with Sidharth  naturally introducing consumers to MMTC-PAMP’s diverse offerings. The storytelling highlights that every MMTC-PAMP  offering is backed by the brand’s commitment to purity, trust and convenience while reinforcing its promise of “Purest And  More.” 

Speaking on the association, Sidharth Malhotra said:

“MMTC-PAMP has built a remarkable reputation for purity, trust and  innovation, while also modernising the way people invest in and experience precious metals. Whether it’s celebrating life’s  milestones, building long-term wealth or embracing more responsible choices through recycled gold, the brand continues to  stay relevant for today’s consumers. I’m excited to be part of this journey and look forward to connecting with people through  the ‘Purest And More’ campaign.”

The association brings together one of India’s most recognised actors with one of the country’s most trusted precious metals  brands at a time when consumer interest in certified physical gold, digital gold and sustainable precious metals solutions  continues to grow. With Sidharth Malhotra as the face of the brand, MMTC-PAMP aims to further strengthen its leadership  position while deepening engagement with a younger, digitally connected audience. 

The campaign will be amplified across television, digital platforms, social media, print, retail stores and e-commerce channels,  with dedicated creatives highlighting key offerings including digital gold and silver, festive gifting, Virasat recycled gold,  Akshaya Tritiya, Diwali and MMTC-PAMP’s certified purity credentials. 

Link to the TVC (YouTube):

Link to the TVC (Instagram):https://www.instagram.com/p/DciH4s7tim5//

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