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Gold and silver may stay volatile in the near term, but today's bounce shows investors are still willing to buy dips. Whether the recovery holds will depend on global cues and key support levels.

Early signs of the rally were visible even before Indian markets opened. Gift Nifty jumped more than 700 points after the trade deal announcement, signalling a strong start for Dalal Street.

India became one of the largest buyers of discounted Russian crude after 2022, a trend that helped reduce its import bill. US President Donald Trump's announcement indicates that these purchases will eventually decline, but the immediate impact is expected to be limited.

On the Multi Commodity Exchange, silver prices jumped sharply, while gold also posted strong gains in early trade. MCX silver was trading around Rs 2,53,792 per kg, up Rs 17,531 or 7.42% as of 10 am. MCX gold was near Rs 1,49,101 per 10 grams, higher by Rs 5,110 or 3.55%.

The India–US trade deal has supercharged sentiment, lifting Adani stocks and other heavyweights sharply. Here's a look at the top gainers as markets rally hard after the landmark announcement.

The India–US trade deal lifts a long-standing weight off investors' shoulders, giving the Sensex, Nifty and the rupee a cleaner runway. With clarity finally restored, the market's next leg higher suddenly looks more believable.

While US President Donald Trump laid out the figure in public, the Indian government has so far not specified what such a commitment involves, raising questions over its scale, timing and credibility.

The India–US trade deal has given the Sensex and Nifty their strongest tailwind in months, setting the stage for what could become a far more extended market surge.

Early signals from the Gift Nifty point to a strong opening. Gift Nifty futures were trading at around 26,190 points at 8:26 am. This suggests that the Nifty 50 index could open nearly 4.5% higher than Monday's closing level of 25,088.4.

Instead of leaving the details to official statements, US President Donald Trump chose to spell out the trade deal himself, framing it as a result of personal diplomacy and immediate action.

Also shedding light on the much-awaited US-India trade deal, which had faced several roadblocks with New Delhi adamant about not opening its agriculture sector to Washington, Trump said that an agreement is finally on the cards. Trump said he lowered the reciprocal tariffs following discussions with PM Modi, describing the move as a gesture of "friendship and respect."

The Union Budget 2026 may not have changed income tax rates, but it brings several practical updates that affect how individuals file returns, disclose income and deal with compliance. From easier timelines to simpler rules, here are the key takeaways taxpayers should know.

After touching record highs in recent weeks, silver prices have cooled sharply. The metal has slipped by nearly Rs 17,000, prompting investors to pause and reassess whether this fall is a buying opportunity or a sign to stay cautious.

The S&P BSE Sensex rallied 943.52 points to close at 81,666.46, while the NSE Nifty50 added 262.95 points to end at 25,088.40. 

A key announcement in the Budget was the proposal to set up a High-Level Committee on Banking for Viksit Bharat. The committee will undertake a comprehensive review of the sector and suggest reforms to align it with India's next stage of economic growth.