Gold, Silver Rate Today Live Updates: Gold prices hold steady as uncertainty on US-Iran talks persists

“Gold traded slightly positive near ₹149650, up around 0.20%, as COMEX gold held support close to $4510, indicating buying interest at lower levels. Markets are entering a data-heavy week, with key focus on US unemployment and non-farm payrolls, which will be crucial in shaping interest rate expectations and near-term direction in gold.

Despite the mild recovery, sentiment remains cautious, with broader movement dependent on dollar and yield reactions to data. Technically, support is seen near ₹149000, while resistance is placed around ₹151500, with $4500 acting as a key base support on the international side,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Silver edged up marginally in futures trading on Tuesday, rising 0.09% to Rs 2.44 lakh per kilogram, as ongoing tensions in West Asia continued to influence sentiment.

On the Multi Commodity Exchange, July delivery contracts for the metal advanced by Rs 225, or 2.08%, to Rs 2,44,120 per kg, with trading volumes standing at 982 lots.

Analysts attributed the uptick to the creation of fresh positions by market participants, which supported prices during the session.

In global markets, silver futures on Comex climbed 2.36% to $78.29 per ounce.

Yesterday, gold slumped over $100 as Iran's drone attacks targeted UAE while US attacked Iranian boats in the Strait of Hormuz.

Oil prices surged as a fire broke out at the UAE's oil port of Fujairah. The US intends to escort commercial ships through the strategic waterway in accordance with its "Project Freedom".

Today, gold at $4550 is up by around 0.50% as oil has slipped on possibility of US escorting commercial ships, though as it can not work as a permanent solution, oil pullback is likely to be temporary.

Today's US data include ISM services and JOLTS job openings.

Upside in gold is expected to be limited as markets, at least for now, have priced out Fed rate cuts this year. In fact, rate hike possibility is becoming more visible.

A breach of support at $4500 will open the way to to the next support at $4410. Resistance is at $4610, says Praveen Singh, Head of commodities at Mirae Asset Sharekhan.

Gold futures moved higher on Tuesday, gaining Rs 254 to reach Rs 1,53,100 per 10 grams, supported by renewed buying interest from traders amid firm demand in the physical market.

On the Multi Commodity Exchange, contracts for August delivery advanced by Rs 254, or 0.17%, to Rs 1,53,100 per 10 grams, with a trading volume of 74 lots.

Market participants attributed the uptick to the creation of fresh positions by speculators, which helped lift prices during the session.

In international markets, gold futures in New York also edged up, rising 0.50% to $4,544.62 per ounce.

Silver spot (in Rs per kilo): 239502.00

Standard gold (99.5): 146966.00

Pure gold (99.9) : 147557.00

Gold prices pressured by a firm dollar and yields and rising inflation expectations as oil prices surged amid escalating Middle East tensions. However, rising USDINR is capping losses for bullion on domestic front. Over the weekend, US President Trump announced “Project Freedom,” an initiative aimed at reopening the Strait of Hormuz, a key route handling nearly 20% of global oil flows, which has remained largely blocked by Iran since the conflict began. Reports of missile exchanges, attacks on vessels, and an Iranian strike on UAE’s Fujairah oil hub intensified supply disruption fears, pushing crude prices sharply higher and amplifying global inflation concerns.

This has reinforced expectations of a more hawkish stance from major central banks, including the Federal Reserve, weighing on non-yielding assets like gold. Despite heightened geopolitical risks, bullion struggled to gain as higher bond yields and a firm dollar capped upside. Markets also reacted to stronger US data, with factory orders beating expectations, further supporting the dollar. Focus now shifts to global PMI readings and upcoming US labor market data for further directional cues, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services.

Manoj Kumar Jain of Prithvi Finmart told ET that despite this volatility, silver could find a base around $68 per troy ounce, while gold is expected to maintain support above $4,440 per troy ounce on a weekly closing basis.

He believes that both gold and silver are likely to remain unstable in the near term, influenced by movements in the dollar index, fluctuations in crude oil prices, and ongoing uncertainty surrounding a possible US-Iran agreement.

For gold, he identified a support zone between $4,500 and $4,470, with resistance seen in the $4,574 to $4,610 range per troy ounce. In the case of silver, support is placed between $72 and $70, while resistance is expected between $75.50 and $77.40 for the day.

In the domestic market on MCX, gold is projected to find support in the Rs 1,48,400 to Rs 1,47,700 range, with resistance levels at Rs 1,50,100 to Rs 1,50,850. Silver, meanwhile, is likely to hold support between Rs 2,41,000 and Rs 2,38,800, while facing resistance in the Rs 2,46,600 to Rs 2,50,000 band.

He suggested that investors should wait for clearer stability before initiating new positions, adding that prices may continue to move within a limited range ahead of the release of the US non-farm payroll data later this week.

Gold and silver began Tuesday’s session on a largely flat note on the Multi Commodity Exchange of India, as persistent inflation concerns continued to cloud expectations around U.S. monetary policy. Investors also remained cautious, closely tracking developments related to the ongoing US-Iran negotiations.

Geopolitical tensions, however, stayed high. Iran carried out fresh attacks in the Gulf on Monday in response to US actions, with both sides continuing their struggle for control over the Strait of Hormuz—a vital corridor that typically handles nearly one-fifth of the world’s daily oil and gas shipments.

In the domestic derivatives market, MCX silver futures for July 2026 delivery slipped by Rs 632 to Rs 2,43,263 per kilogram. Meanwhile, gold futures for June 2026 delivery edged higher by Rs 611 to Rs 1,49,950 per 10 grams. In the previous session, silver had declined by 3%, while gold registered a fall of 1.3%.

Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association.

Market participants noted that gold came under pressure in a relatively thin trading environment, as investors continued to evaluate the implications of elevated energy prices and persistent uncertainty surrounding negotiations between the United States and Iran. Higher crude prices have strengthened expectations that interest rates may stay elevated for a longer period, with the possibility of additional tightening later in the year.

This outlook has supported the US dollar as well as Treasury yields, both of which moved higher during the session and weighed on precious metal prices.
Meanwhile, silver recorded a gain of Rs 6,800, or 2.8%, to settle at Rs 2,49,500 per kg (inclusive of all taxes), up from Rs 2,42,700 per kg in the previous session, as per the association’s data.

In the international market, however, spot silver declined 2.55% to $73.43 per ounce, while gold fell by $49.27, or 1.07%, to $4,565.68 per ounce.

Gold continued to trade on the weaker side globally, hovering around $4,560 per ounce, as rising crude oil prices—amid ongoing uncertainty in the Strait of Hormuz—kept sentiment cautious. Although oil prices had briefly eased after US President Donald Trump announced “Project Freedom” to facilitate the movement of vessels through the Strait, the lack of clarity around the initiative led to renewed buying in crude.

At the same time, comments from a senior Iranian lawmaker describing US involvement in the Strait as a breach of a fragile ceasefire added to geopolitical concerns, keeping investors wary and markets on edge.

Silver prices witnessed a sharp rise in the national capital on Monday, climbing by Rs 6,800 to reach Rs 2.49 lakh per kilogram, driven by robust demand from jewellers and stockists even as global trends remained under pressure.

“Gold traded weak on Monday, declining around ₹1500 to ₹149900, while COMEX gold slipped to $4566, down nearly $50, as rising crude prices continued to pressure bullion. Elevated oil prices are keeping inflation expectations high, which in turn supports a higher interest rate outlook, limiting gold’s upside.

Markets are now focused on this week’s US Non-Farm Payrolls and unemployment data, which could further influence dollar strength and add pressure on gold.

In the near term, gold is expected to remain volatile with a slight downside bias, with support near ₹148500 and resistance around ₹151000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Silver saw a marginal rise of 0.1% to $72.76 per ounce, platinum gained 0.5% to $1,954.80, and palladium advanced 0.8% to $1,491.84.

In early trade, spot gold edged up 0.2% to $4,528.99 per ounce as of 0059 GMT, recovering slightly after a sharp decline of more than 2% in the previous session, when it had dropped to its lowest level since March 31. US gold futures for June delivery also saw a modest uptick, rising 0.1% to $4,538.20.

Meanwhile, oil prices eased by more than 1% after markets weighed the impact of these disruptions alongside reports that a US-flagged vessel operated by Maersk had successfully navigated the Strait under military escort, offering some relief over supply concerns.