Gold, Silver Prices Today:Gold and silver prices saw some sharp volatility on Monday, global commodity markets absorbed fresh optimism about a possible US-Iran peace deal. WTI crude oil slid almost 5%, and at the same time precious metals moved higher hard. Silver did especially well, beating gold in both international and local markets.
Investors seemed to rush toward safer haven assets, even as currency fluctuations kept happening, which also helped calm down oil-linked inflation worries a little. Still, there was plenty of uncertainty around the geopolitical side, so the mood stayed a little tense.
Reuters said spot gold jumped more than 1% to roughly $4,570 per ounce, while spot silver jumped nearly 4.4% in global trading. The strength showed up after the US dollar weakened, and traders started looking at the chance that Washington and Tehran might cool tensions.
MCX Gold and Silver Prices Today
On the Multi Commodity Exchange (MCX), bullion prices traded higher during early trade as investors shifted focus from crude oil to safe-haven metals.
- MCX Gold June futures traded near ₹1,59,000–₹1,60,000 per 10 grams
- MCX Silver July futures surged above ₹2,74,000 per kg
Silver prices gained as much as 4% intraday in volatile trading. Gold prices remained supported despite easing geopolitical tensions
Recent MCX data also showed silver witnessing stronger momentum than gold due to renewed investor buying and industrial demand expectations.
Global Gold and Silver Rates Today
- Spot Gold: Around $4,570 per ounce
- US Gold Futures: Around $4,572 per ounce
- Spot Silver: Around $78–79 per ounce
Reuters reported that bullion markets gained support from a weaker dollar and easing crude oil prices after hopes of reopening the Strait of Hormuz improved risk sentiment globally.
Gold, Silver Prices Today: MCX Rates Fall, Check Latest City-Wise Gold Prices in India
Gold, Silver Prices Today
24-Carat Gold Price (10 grams)
- Delhi: ₹1,64,000
- Mumbai: ₹1,63,850
- Chennai: ₹1,64,400
- Kolkata: ₹1,63,900
- Bengaluru: ₹1,63,950
- Hyderabad : ₹1,64,100
Silver Rates Today in Major Indian Cities
Silver Price (1 kg)
- Delhi: ₹2,76,000
- Mumbai: ₹2,75,500
- Chennai: ₹2,80,000
- Kolkata: ₹2,75,800
- Hyderabad : ₹2,80,000
- Bengaluru: ₹2,76,200
WTI Crude Oil Prices Crash 5%
Crude oil prices witnessed one of the sharpest single-day declines in recent weeks after reports hinted at possible diplomatic progress between the US and Iran.
WTI crude fell around 5%. Brent crude slipped below the $100 per barrel mark
Traders anticipated reduced supply disruptions if tensions ease
Axios reported that oil markets reacted positively to hopes of reopening shipping routes near the Strait of Hormuz, a critical global energy corridor.
The decline in crude oil also provided temporary relief to emerging markets like India by easing concerns over imported inflation and currency pressure.
