Global Gold Markets Closed for Easter Weekend; Check Gold & Silver Rates in India, US, London, Shanghai & MCX

As the world observes Good Friday on April 18, marking the start of the Easter weekend (April 18 to April 20), all major gold markets across the globe including in Indian stock markets, London OTC market, the United States (US) Futures market, and China's Shanghai Gold Exchange (SGE) are closed today. With this global holiday in effect, there will be no trading in gold and precious metals, and no market reports published on Friday. This break comes after a week of strong gold rallies both internationally and in India, where prices recently touched record highs.

Good Friday Holiday : Gold Market Close Today

In London, the Over-the-Counter (OTC) gold market is shut on April 18, due to Good Friday, which is marked as a non-trading and non-settlement day in its official business calendar. It is also listed as a GBX/GBP non-settlement day in the European Union Infrastructure (EUI). On Thursday, just before the Easter weekend began, gold prices tumbled in London, falling back below $3300 per Troy ounce after briefly hitting a new all-time high of $3357 earlier in the day. At 3 PM benchmarking auction on last trading day, spot gold prices had dropped $50 per ounce.

With the London market now closed until Tuesday, this fall reduced gold's Easter Week 2025 rally to 2.3% in US Dollar terms, putting a temporary halt to the strong momentum seen over the past few sessions. As London remains one of the world's most influential bullion markets, the price dip ahead of the Good Friday break is likely to influence global trading sentiment when markets reopen next week.

In the US, the futures market is also closed today on April 18, in observance of the Good Friday holiday. This includes a halt in trading for key commodities such as gold, silver, crude oil, and natural gas, across major exchanges. The closure comes after a highly active week in the gold futures segment, where prices had surged significantly, reflecting strong investor interest. With the US market now on a break, overall global trading activity has slowed down, contributing to a quiet start to the Easter weekend across financial markets.

The Shanghai Gold Exchange (SGE) has halted trading today in observance of the Good Friday holiday, according to its holiday trading schedule. The exchange will remain shut until April 20 (Easter Sunday), with no trading on April 19 due to the regular Saturday weekend closure.

The closure of one of Asia's largest gold trading platforms contributes to the holiday-shortened trading weekend, reducing activity and liquidity in the international bullion market. With China, a major gold consumer and trading hub, on pause, investors will likely wait for Monday's market reopening for further direction.

MCX Holiday Today: Check MCX Gold and Silver Price

The Multi Commodity Exchange (MCX) is also closed on April 18. There is no trading in gold, silver, or other commodities like crude oil, copper, and natural gas today. On Thursday, MCX gold futures touched Rs. 93,940, while 24-karat gold hit a record Rs. 97,310 per 10 grams.

On MCX, gold futures for June 5 settled at Rs. 95,710, up 0.05%, while silver futures for May 5 closed at Rs. 95,266, down 1.02%.

Indian Market Closed Today: Check Gold Rate in India

The Good Friday holiday pause comes at a time when gold prices in India were nearing a major milestone of Rs 1,00,000 per 10 grams. Gold prices in India have seen a steep rise this week. On April 17, 22-karat gold reached Rs. 8,920 per gram, with the 10-gram rate climbing by Rs. 1,050 to Rs. 89,200. 24-karat gold increased by Rs. 1,140, while 18-karat gold rose by Rs. 860, now at Rs. 72,990 per 10 grams. In just two days, gold became Rs. 20,130 costlier per 100 grams, offering 18-20% returns amid a global price rally.

Silver Price in India

Meanwhile, silver prices in India remained steady. On April 17, 1 kilogram of silver was priced at Rs. 1,10,000, and 100 grams at Rs. 10,000.

As all major global markets take a break for the Easter weekend, market watchers now look ahead to April 21, when trading resumes. Experts believe the bullish trend in gold and silver may continue, especially with festive demand in India and global economic uncertainties still in play.