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- Gold, Silver Rate Today Highlights: Gold, silver prices rise marginally amid rising geopolitical tensions
Gold, Silver Rate Today Highlights: Gold, silver prices rise marginally amid rising geopolitical tensions
Focus now shifts to inflation prints, GDP data across major economies, central bank buying trends and geopolitical developments, including US political decisions and trade-related signals.
Track TOI’s live coverage on gold and silver prices, know which way are MCX Gold, MCX Silver headed:
Silver prices also remained elevated at Rs 2,76,303 per kilogram, as investors continued to shift towards safe-haven assets amid a sharp selloff in equity markets, weakening rupee and rising crude oil prices.
The spike in bullion prices came as benchmark indices extended losses, with the Sensex plunging 1,456 points and the Nifty closing down 436 points.
In volume terms, however, imports fell 4.76 per cent to 721.03 tonnes in 2025-26 from 757.09 tonnes in the previous fiscal. Gold imports were 795.2 tonnes in 2023-24 and 678.3 tonnes in 2022-23.
India is the world’s second-largest gold consumer after China, with demand largely driven by the jewellery sector. Gold is traditionally viewed as a safe-haven asset, and demand in India typically rises during periods of global geopolitical uncertainty.
On the Multi Commodity Exchange, gold contracts for June delivery climbed Rs 194, or 0.13%, to trade at Rs 1,53,857 per 10 grams, with a turnover of 1,174 lots.
Market analysts attributed the rise in prices to the creation of new positions by participants.
In the international market, however, gold futures in New York declined 0.44% to $ 4,715.16 per ounce.
Standard gold (99.5) : Rs 151346.00
Pure gold (99.9) : 151954.00
On Monday, US President Donald Trump said the ceasefire with Iran was “on life support,” pointing to disagreements over several major issues. These included demands related to ending hostilities across all fronts, removal of the US naval blockade, resumption of Iranian oil exports and compensation linked to war damages.
In domestic trade, MCX silver futures for July 2026 delivery climbed Rs 3,132, or 1.1%, to Rs 2,81,443 per kilogram. Gold futures for June 2026 delivery also moved higher, rising Rs 336 to trade at Rs 1,53,999 per 10 grams.
He added that investors are now closely focused on the upcoming Consumer Price Index (CPI) data to assess whether inflationary pressures are strengthening beyond current expectations.
The inflation figures, scheduled for release later in the day, are expected to provide further signals on the Fed’s future monetary policy direction.
Meanwhile, crude oil prices advanced during early Asian trading hours, while the US dollar extended gains recorded in the previous session.
Higher oil prices tend to fuel inflation concerns, which increases the possibility of interest rates remaining elevated. Although gold is traditionally considered a hedge against inflation, higher interest rates generally reduce the appeal of the non-yielding metal.
Spot gold was trading flat at $4,732.89 per ounce as of 0246 GMT, while US gold futures for June delivery edged 0.3% higher to $4,742.40 per ounce.
Gold remains range-bound as markets reassess US interest rate expectations, with global brokerages scaling back the likelihood of multiple rate cuts this year amid sticky inflation and cautious central bank policy signals. A higher-for-longer rate environment continues to weigh on bullion, as elevated yields increase the opportunity cost of holding non-yielding assets.
Near-term direction is expected to hinge on US inflation data and shifting Fed policy cues, which will determine whether rate-cut expectations revive or fade further. At the same time, investors are closely tracking President Donald Trump’s visit to China and his meeting with President Xi Jinping, where discussions on Iran, Taiwan, AI and nuclear issues could influence broader risk sentiment and drive safe-haven demand for gold.
Gold remained volatile as traders balanced short-covering and bargain buying with caution ahead of key US inflation readings this week, while geopolitical tensions added to uncertainty.
Market participants are positioning ahead of the US CPI data due Tuesday and the Producer Price Index (PPI) scheduled for Wednesday, which are expected to guide the Federal Reserve’s next policy cues. “There is just some bargain hunting coming in and positioning ahead of the US inflation data this week,” said Jim Wyckoff, market analyst at American Gold Exchange.
Sentiment was also shaped by rising Middle East tensions after President Donald Trump rejected Iran’s response to a US peace proposal, raising fears that the prolonged conflict could disrupt shipping through the Strait of Hormuz and keep oil prices elevated.
“Markets are largely focused on expectations around the strait, particularly whether it will reopen, and are digesting the broader scenario of higher energy prices,” said Daniel Pavilonis, senior market strategist at RJO Futures. (Reuters)
Gold prices reversed early losses to trade slightly higher on Monday amid volatile moves, as investors assessed developments in US-Iran diplomacy and positioned ahead of key US inflation data due later this week.
Spot gold rose 0.3% to USD 4,730.49 per ounce as of 10:20 a.m. EDT (1420 GMT), after falling more than 1% earlier in the session, reflecting choppy sentiment in global bullion markets.
Gold prices came under pressure in global trade, even as geopolitical tensions around US-Iran negotiations continued to influence sentiment. In international markets, spot gold fell over 1 per cent to USD 4,661.68 per ounce, while silver also traded marginally lower at USD 80.28 per ounce.
“Silver saw a slight uptick, benefiting from steady retail demand amid the approaching wedding season,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk.
However, gold remained weak as investors reacted cautiously to developments around US-Iran peace proposals, with reports indicating renewed rejection of terms and fears of possible escalation.
“Gold traded slightly weak as markets reacted cautiously to negative developments around the US-Iran peace proposals, with reports suggesting renewed rejection of terms and rising fears of re-escalation in the conflict,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
He added that ongoing uncertainty has kept global risk sentiment under pressure, while rising crude oil prices are again stoking inflation concerns across markets.
Gold prices fell by Rs 600 to Rs 1,55,300 per 10 grams on Monday, according to the All India Sarafa Association, as renewed uncertainty around US-Iran negotiations weighed on global sentiment.
“Gold came under pressure on Monday as fresh setbacks in US-Iran negotiations renewed uncertainty across global markets,” said Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities.
The rejection of the latest proposals by both sides reignited fears of a prolonged conflict, pushing crude oil prices higher and reviving inflation concerns. The development also strengthened expectations of tighter monetary policy by major central banks, including the US Federal Reserve.
MCX silver futures extended gains in late trade on 11 May 2026, with the July 2026 contract surging 6.15% to Rs 2,78,019 per kg amid strong momentum buying and heavy trading volumes. The contract touched an intraday high of Rs 2,79,437 after opening at Rs 2,64,535 and hitting a low of Rs 2,60,986 earlier in the session.
The September 2026 contract jumped 5.83% to Rs 2,83,089, while the December contract remained higher by 3.21% at Rs 2,85,054. Market activity stayed concentrated in the July series, where volumes crossed 16,700 lots, reflecting sustained bullish sentiment in silver counters.
MCX gold futures recovered sharply in late trade on Monday reversing earlier weakness as fresh buying lifted prices across key contracts. The June 2026 contract climbed 0.68% to Rs 1,53,574 per 10 grams after moving between Rs 1,51,500 and Rs 1,54,434 during the session.
The August contract gained 0.73% to Rs 1,57,120, while October futures rose 0.66% to Rs 1,60,074. Trading activity remained concentrated in the June series, with volumes crossing 7,100 lots and open interest at 9,315 lots, indicating strong participation amid the rebound.
The September 2026 contract also gained over 5%, trading in a range of Rs 2,66,927 to Rs 2,83,500 and ending at Rs 2,81,234, while the December 2026 contract rose 3.21% to Rs 2,85,054 with comparatively thinner activity. Overall sentiment in silver remained strongly positive, with all major contracts closing firmly in the green.
Gold prices fell Rs 600 to Rs 1.55 lakh per 10 grams in the national capital on Monday after US President Donald Trump rejected Tehran's response to Washington's peace proposal, raising fears of renewed conflict in West Asia and pushing crude oil rates higher.
Shares of major jewellery companies including Titan, Senco Gold, and Kalyan Jewellers fell sharply by 6–9% on Monday amid fears of a potential sharp increase in gold import duties. Market participants said concerns over tighter import restrictions triggered broad-based selling in the counter.
However the governemnt sources clariefied that govt is not considering duty hike.
“There are concerns that the government might sharply increase import duty on gold for a year to discourage imports,” said Surendra Mehta, national secretary at the India Bullion and Jewellers Association. “Duties could be raised even higher than levels seen in recent years,” he added, as quoted Reuters.
MCX gold futures on Monday traded lower extending a mild corrective tone amid profit booking after recent strength. The June 2026 contract saw intraday volatility between Rs 1,54,434 and Rs 1,51,500 before settling at Rs 1,51,939, indicating selling pressure at higher levels. August futures followed a similar pattern, oscillating between Rs 1,57,191 and Rs 1,55,000 and ending at Rs 1,55,394, while October remained largely steady at Rs 1,58,639 with minimal movement.
Amid concerns over India's rising import bill and pressure on foreign exchange reserves, government sources on Monday clarified that there are currently no plans to impose restrictions on the use of international cards or raise import duties on precious metals, even as Prime Minister Narendra Modi on Sunday, stressed the need to reduce dependence on imported commodities such as fuels, gold jewellery and overseas spending.
Commerce Ministry sources said, "At present, there are no import restrictions on cards," dismissing speculation around possible curbs on international transactions to contain foreign exchange outflows.
The sources further stated that there are "no plans to hike tariff on gold and silver" at this stage, signalling that the government is not considering immediate fiscal measures on precious metal imports despite concerns over rising purchases.
In Delhi today, 24K gold was priced at Rs 15,228 per gram, down by Rs 22, while 22K gold stood at Rs 13,960 per gram, registering a decline of Rs 20. Meanwhile, 18K gold was available at Rs 11,425 per gram, slipping by Rs 16.
The weakness came as escalating Middle East tensions pushed oil higher, raising fears that persistent inflation could keep interest rates elevated for longer. This weighed on gold, which typically loses appeal in a high-rate environment as it does not yield interest.
Gold and silver are expected to stay range-bound for a second straight week as investors look at global news and economic data. The main focus remains on US–Iran peace talks, which are influencing overall market sentiment. While tensions in geopolitics are supporting prices to some extent, they are not strong enough to push a big breakout in either direction. Investors are also waiting for important data from China, Germany, the US, the Eurozone and the UK, including inflation and GDP numbers. These updates are likely to guide how markets move next and decide demand for safe-haven assets like gold and silver.
Gold remained steady during the week, gaining nearly 1% on MCX. Lower US Treasury yields and a weaker dollar helped support prices. Crude oil prices also fell as tensions eased, which improved overall market sentiment. Silver continued its strong run for a second week, supported by higher copper prices, dollar weakness and signs of supply shortage in global markets. These factors together helped both metals stay positive even though global markets remained volatile.
Precious metals saw some pressure during the week when tensions between US and Iranian forces rose again in the Persian Gulf. There were also reports of fresh attacks in the UAE, but markets calmed after US President Donald Trump said the ceasefire was still holding. Now, investors are watching Trump’s expected China visit and a US Senate vote on Federal Reserve nominee Kevin Warsh. Central bank buying and inflows into exchange-traded funds are also supporting bullion. In India, inflation data, trade numbers and the rupee’s movement will be important for gold and silver prices next week.
In global markets, Comex gold rose nearly 2% to $4,730.7 per ounce, while silver jumped 5.8% to $80.86 per ounce. Analysts say the gains were supported by a weaker US dollar, lower US bond yields and hopes of progress in US–Iran peace talks, which improved investor mood for precious metals.
Analysts say that momentum in gold remains consolidative, while silver shows relatively stronger movement supported by supply concerns and broader commodity trends.
Upcoming inflation data from China, Germany and the US, along with GDP figures from the Eurozone and the UK, are expected to guide price direction. In the previous week, both metals posted gains on MCX and international exchanges, aided by a weaker US dollar, lower bond yields and easing crude oil prices. Central bank buying and ETF inflows further supported bullion, though intermittent geopolitical tensions kept prices volatile.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
