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- Gold, Silver Rate Highlights: MCX Gold drops, MCX Silver rises; international gold prices steady amid rising crude prices & US-Iran talks uncertainty
THE TIMES OF INDIA | Jun 02, 2026, 21:21:21 IST
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Gold, Silver Rate Highlights: MCX Gold drops, MCX Silver rises; international gold prices steady amid rising crude prices & US-Iran talks uncertainty
Gold, Silver Rate Today Live Updates: Gold prices are expected to take cues this week from developments in US-Iran talks, movements in crude oil markets and a series of key economic indicators, according to market analysts.
They also believe that remarks from US Federal Reserve officials could play a crucial role in shaping expectations around interest rates, which in turn may influence the near-term trajectory of bullion. Gold and silver prices have continued to be volatile since the start of the US-Iran war as investors move their money to US dollar assets seeking shelter, and raising questions on gold’s safe haven status. Experts believe that the long-term bull run of gold is intact, though in the near term prices will continue to be influenced by geopolitical uncertainty.
They also believe that remarks from US Federal Reserve officials could play a crucial role in shaping expectations around interest rates, which in turn may influence the near-term trajectory of bullion. Gold and silver prices have continued to be volatile since the start of the US-Iran war as investors move their money to US dollar assets seeking shelter, and raising questions on gold’s safe haven status. Experts believe that the long-term bull run of gold is intact, though in the near term prices will continue to be influenced by geopolitical uncertainty.
LIVE RATES · INDIA
7:57:02 am
20:23 (IST) Jun 02
Govt tightens silver import curbs; DGFT approval now mandatory for grains, powder
India has tightened restrictions on silver imports by bringing additional categories, including silver grains and powder, under the restricted list and requiring prior government approval for shipments, according to a government order issued on Tuesday.
Under the revised rules, imports of silver in the form of grains, powder, other forms, and products containing 99.9 per cent silver will require a valid import authorisation from the Directorate General of Foreign Trade (DGFT), Reuters reported.
The move comes weeks after the government placed imports of silver bars with 99.9 per cent purity and other semi-manufactured forms of silver under the restricted category.
20:03 (IST) Jun 02
Gold rebounds to Rs 1.61 lakh/10g as weak dollar revives bullion demand
Gold prices rebounded to Rs 1.61 lakh per 10 grams in the national capital on Tuesday after a weak US dollar and easing crude oil revived demand for the precious metals.
The price of 99.9 per cent purity climbed Rs 1,050 to Rs 1,61,450 per 10 grams (inclusive of all taxes), according to the All India Sarafa Association.
It had closed at Rs 1,60,400 per 10 grams on Monday.
Silver prices also strengthened by Rs 1,300 to Rs 2,71,000 per kilogram from the previous close of Rs 2,69,700 per kg.
18:05 (IST) Jun 02
Gold futures rise nearly 1 pc to Rs 1.6 lakh/10g on firm global cues
Gold prices climbed nearly 1 per cent to Rs 1.60 lakh per 10 grams in futures trade on Tuesday amid renewed geopolitical uncertainty surrounding the US-Iran conflict.
On the Multi Commodity Exchange, the yellow metal contract for August climbed by Rs 1,313, or 0.82 per cent, to Rs 1,60,554 per 10 grams in a business turnover of 8,150 lots.
Analysts said precious metals prices gained as investors reassessed geopolitical risks after fresh military developments in West Asia which complicated efforts to secure a lasting peace agreement between the US and Iran.
16:28 (IST) Jun 02
Silver climbs 2 pc to Rs 2.71 lakh/kg in futures trade amid strong global cues
Silver prices climbed by Rs 5,054 to Rs 2.71 lakh per kilogram in futures trade on Tuesday, tracking strong gains in overseas markets as investors assessed developments in West Asia and awaited key US economic data.
On the Multi Commodity Exchange, the white metal appreciated by Rs 5,054, or 1.9 per cent, to Rs 2,71,217 per kg in a business turnover of 10,497 lots.
"Silver has recovered from its recent lows as investors adopted a wait-and-see stance ahead of Middle East peace talks," Renisha Chainani, Head of Research at Augmont, said.
15:21 (IST) Jun 02
Gold Rate Today: Gold recovering as oil falls but remains vulnerable
Spot gold, following a loss of 1.21% yesterday, is currently trading with a gain of 1.1% at $4535 as oil and Dollar are slightly lower. Yesterday, the US President Trump announced that Israel has called off its planned raid on terror groups in Beirut and Lebanon will also refrain from attacking Israel. It is to be noted that Israel expanding its war in Lebanon has been a key contentious issue in the US-Iran negotiations; hence, a positive development on this front is weighing on oil prices and the Dollar Index.
ISM manufacturing Index rose to 54 in May (estimate 53, prior 52.7), fastest expansion in four years, as nearly every manufacturing industry reported growth.
Today's major data releases include JOLTS job openings (April) and the European Union's flash May CPI inflation.
Although de-escalation of Israel-Lebanon tensions is supporting gold prices, upside is expected to be capped unless US and Iran agree to a formal ceasefire with clear terms agreeable to both the sides. Moreover, Israel and Lebanon limited ceasefire can prove to be fragile.
Gold is still not out of woods as the President Trump cites possibility of a deal with Iran by next week. Many things can go wrong in the meantime as the two sides remain far apart on multiple issues.
Support is at $4500/$4450, while resistance is seen at $4600/$4670. Overall, bias remains bearish, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
ISM manufacturing Index rose to 54 in May (estimate 53, prior 52.7), fastest expansion in four years, as nearly every manufacturing industry reported growth.
Today's major data releases include JOLTS job openings (April) and the European Union's flash May CPI inflation.
Although de-escalation of Israel-Lebanon tensions is supporting gold prices, upside is expected to be capped unless US and Iran agree to a formal ceasefire with clear terms agreeable to both the sides. Moreover, Israel and Lebanon limited ceasefire can prove to be fragile.
Gold is still not out of woods as the President Trump cites possibility of a deal with Iran by next week. Many things can go wrong in the meantime as the two sides remain far apart on multiple issues.
Support is at $4500/$4450, while resistance is seen at $4600/$4670. Overall, bias remains bearish, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
14:20 (IST) Jun 02
Gold Rate Today: Mumbai bullion opening rates
Silver spot (in Rs per kilo) : 266200.00
Standard gold (99.5) : 155670.00
Pure gold (99.9) : 156296.00
Standard gold (99.5) : 155670.00
Pure gold (99.9) : 156296.00
13:06 (IST) Jun 02
Gold Rate Today: Gold prices trade in narrow range
Gold and silver traded in a narrow range on the Multi Commodity Exchange (MCX) on Tuesday as investors balanced the impact of a stronger US dollar and rising crude oil prices against uncertainty surrounding developments in the Middle East. Market participants also remained watchful of US President Donald Trump's decision on a proposed extension of the ceasefire arrangement with Iran.
In domestic trade, July 2026 silver futures on the MCX were marginally higher by Rs 167 at Rs 2,66,350 per kg. Gold contracts for June 2026 delivery rose Rs 258 to Rs 1,59,499 per 10 grams. Both precious metals had ended the previous session with modest gains.
Attention has now shifted to key US economic releases scheduled later this week, including non-farm payrolls and employment data. Investors are looking for signals on the health of the labour market as concerns grow over the inflationary impact of the ongoing tensions in the Middle East.
In overseas markets, spot gold was largely unchanged at $4,481.53 an ounce as of 0217 GMT. US gold futures for August delivery were up 0.1% at $4,511.20 an ounce. Among other precious metals, spot silver advanced 0.5% to $75.21 an ounce, platinum gained 0.5% to $1,932.50 an ounce, while palladium eased 0.4% to $1,356.90 an ounce.
In domestic trade, July 2026 silver futures on the MCX were marginally higher by Rs 167 at Rs 2,66,350 per kg. Gold contracts for June 2026 delivery rose Rs 258 to Rs 1,59,499 per 10 grams. Both precious metals had ended the previous session with modest gains.
Attention has now shifted to key US economic releases scheduled later this week, including non-farm payrolls and employment data. Investors are looking for signals on the health of the labour market as concerns grow over the inflationary impact of the ongoing tensions in the Middle East.
In overseas markets, spot gold was largely unchanged at $4,481.53 an ounce as of 0217 GMT. US gold futures for August delivery were up 0.1% at $4,511.20 an ounce. Among other precious metals, spot silver advanced 0.5% to $75.21 an ounce, platinum gained 0.5% to $1,932.50 an ounce, while palladium eased 0.4% to $1,356.90 an ounce.
10:15 (IST) Jun 02
Gold Rate Today: International gold prices hold steady
Gold prices were largely unchanged on Tuesday as market participants monitored mixed signals surrounding diplomatic efforts between the United States and Iran while also assessing the implications of a limited ceasefire between Israel and Hezbollah.
In the spot market, gold was trading at $4,481.53 an ounce at 0217 GMT, showing little movement from the previous session. Meanwhile, US gold futures for August delivery edged up 0.1% to $4,511.20 an ounce.
Investor sentiment remained cautious as conflicting reports about the progress of US-Iran negotiations continued to create uncertainty in global markets.
In the spot market, gold was trading at $4,481.53 an ounce at 0217 GMT, showing little movement from the previous session. Meanwhile, US gold futures for August delivery edged up 0.1% to $4,511.20 an ounce.
Investor sentiment remained cautious as conflicting reports about the progress of US-Iran negotiations continued to create uncertainty in global markets.
09:16 (IST) Jun 02
Gold Rate Today: Gold struggles to attract strong safe-haven demand
Gold prices started the week on a weaker note, pressured by a stronger US dollar and renewed geopolitical uncertainty after Iran announced suspension of negotiations with the US following fresh military strikes and Israel’s expanded operations in Lebanon. Market sentiment, which had recently improved on hopes of an imminent US-Iran peace agreement, turned cautious after another round of military escalation over the weekend. Iran’s Tasnim News Agency reported that Tehran had halted indirect negotiations with Washington and was considering a complete blockade of the Strait of Hormuz, citing violations of the existing ceasefire arrangement.
However, President Trump dismissed reports of a breakdown in talks, stating that discussions with Iran were continuing rapidly and that an Israeli strike on Beirut had been called off following his intervention.
Gold struggled to attract strong safe-haven demand as investors continued to favour the US dollar and risk assets amid expectations of higher inflation leading to higher for longer rates. US Manufacturing PMI was reported broadly in line with expectations.
Market focus this week will remain on the RBI policy meeting and key US labour market data, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
However, President Trump dismissed reports of a breakdown in talks, stating that discussions with Iran were continuing rapidly and that an Israeli strike on Beirut had been called off following his intervention.
Gold struggled to attract strong safe-haven demand as investors continued to favour the US dollar and risk assets amid expectations of higher inflation leading to higher for longer rates. US Manufacturing PMI was reported broadly in line with expectations.
Market focus this week will remain on the RBI policy meeting and key US labour market data, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
08:15 (IST) Jun 02
Gold outlook: Can the bull run resume after the current volatility?
Analysts believe that once geopolitical risks and energy market disruptions begin to ease, investors could return to the longer-term factors that have supported gold prices in recent years.
"Once the geopolitical situation stabilises and the energy shock begins to fade, we expect investors to refocus on the structural themes that have underpinned the bull market in gold over recent years," said Ole Hansen, analyst at Saxo Bank.
Looking further ahead, market watchers remain constructive on bullion. "By the end of 2026, gold still has potential to hit $5,500 should favourable circumstances arise, notably lower oil prices and a depreciation of the dollar, underpinned by continued robust central bank buying and its role as a geopolitical and inflation hedge," said KCM Trade chief market analyst Tim Waterer.
07:06 (IST) Jun 02
Gold, silver rates outlook: What should gold investors watch this week?
Markets are now turning their attention to a series of US economic releases, particularly labour market data, for clues on the Federal Reserve's next move.
"This week, market participants will closely watch the US jobs data, comments from Federal Reserve officials and Treasury Secretary Scott Bessent," said Chainwala, adding that developments in West Asia will remain a key driver for bullion prices.
06:10 (IST) Jun 02
Oil prices jump: Why does that matter for gold?
Crude oil prices rose more than 3% on Monday, intensifying concerns that central banks may have to keep monetary policy tight to contain inflationary pressures. Higher interest rates typically hurt gold because the metal does not generate any yield.
Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that the economic impact of the Middle East conflict could contribute to persistent inflation that may require tighter monetary policy.
05:03 (IST) Jun 02
Gold, silver rate today: US-Iran conflict keeps bullion markets on edge
Fresh geopolitical developments kept traders cautious after Iran said it had targeted a US air base following weekend strikes on Iranian military facilities. Iran's Tasnim news agency also reported that Tehran's negotiating team had halted message exchanges with the United States through mediators.
"Spot gold turned volatile, quoting USD 4,500 per ounce on Monday, and silver edged up towards USD 76 per ounce, as precious metals opened the week on a cautious footing amid lingering uncertainty over the US-Iran ceasefire framework," said Kaynat Chainwala, AVP Commodity Research, Kotak Securities.
"Spot gold turned volatile, quoting USD 4,500 per ounce on Monday, and silver edged up towards USD 76 per ounce, as precious metals opened the week on a cautious footing amid lingering uncertainty over the US-Iran ceasefire framework," said Kaynat Chainwala, AVP Commodity Research, Kotak Securities.
03:00 (IST) Jun 02
Why is gold falling despite geopolitical tensions?
While geopolitical conflicts typically support safe-haven demand, investors are increasingly worried that higher oil prices could fuel inflation and keep interest rates elevated for longer, reducing gold's appeal.
"Expectations for interest rates to remain higher for longer are likely to keep gold under pressure, unless bond yields stop rising and rates begin to stabilise or trend lower," said Jim Wyckoff, a market analyst at American Gold Exchange.
00:58 (IST) Jun 02
Gold price today: Bullion slips as oil surge, stronger dollar weigh on sentiment
Gold started the week on a weaker note as escalating tensions in West Asia boosted crude oil prices and strengthened the US dollar, putting pressure on precious metals. Spot gold slipped nearly 1% to USD 4,504.97 per ounce in international markets.
"Gold started the week on a weaker note as renewed tensions between the US and Iran over the weekend boosted crude oil prices and strengthened the dollar," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.
23:14 (IST) Jun 01
Gold falls nearly 2% with inflation worries rising on Middle East conflict
Gold prices fell nearly 2% on Monday as escalating tensions in the Middle East heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.
Spot gold was down 1.9% at $4,451.65 per ounce as of 10:01 a.m. EDT (1401 GMT) after hitting a two-week high on Friday.
US gold futures fell 2.5% to $4,479.20.
The US dollar firmed, making metals priced in the currency more expensive for holders of other currencies.
22:53 (IST) Jun 01
21:32 (IST) Jun 01
Gold futures fall over 1% on MCX; August contract drops Rs 1,932 per 10 gm
Gold futures ended lower on the Multi Commodity Exchange (MCX) on Monday, with the most-active August 2026 contract declining 1.2%, or Rs 1,932, to Rs 1,58,979 per 10 grams. Weakness was visible across maturities, with the June and October contracts also falling more than 1%. The August contract witnessed robust trading activity, clocking a turnover of over Rs 7,294 crore and open interest of 8,281 lots. The December contract saw the sharpest percentage decline, falling 2.81%, though trading volumes remained thin.
19:26 (IST) Jun 01
Silver futures tumble over 1% on MCX, July contract sheds Rs 3,361 per kg
Silver futures declined sharply on the Multi Commodity Exchange (MCX) on Monday, with the benchmark July 2026 contract falling 1.26% or Rs 3,361 to settle at Rs 2,63,637 per kg. The September and December contracts also ended lower by over 1%, tracking broad-based weakness in precious metals. Trading volumes remained highest in the July contract, which recorded turnover of over Rs 3,800 crore and open interest of 10,355 lots.
18:51 (IST) Jun 01
Gold declines Rs 2,500 to Rs 1.6 lakh/10g amid fresh US-Iran tensions
Gold prices retreated by Rs 2,500 to Rs 1.60 lakh per 10 grams in the national capital on Monday, tracking losses in global markets as renewed military exchanges between the US and Iran spiked crude oil rates.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated by Rs 2,500, 1.53 per cent, to Rs 1,60,400 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,62,900 per 10 grams.
Silver prices also weakened sharply, falling Rs 5,000, or nearly 2 per cent, to Rs 2,69,700 per kilogram (inclusive of all taxes). The white metal had settled at Rs 2,74,700 per kg in the previous session.
17:50 (IST) Jun 01
Bengaluru closing bullion rates on Monday
1 gm Gold (22 Kt) – Rs. 14,750.
1 gm Gold (24 Kt) – Rs. 16,090.
Silver per kg – Rs. 2,79,100.16:36 (IST) Jun 01
Gold futures drop to Rs 1,59,827/10g
Gold prices on Monday dropped Rs 1,084 to Rs 1,59,827 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by Rs 1,084, or 0.67 per cent, at Rs 1,59,827 per 10 grams in a business turnover of 992 lots.
Analysts attributed the fall in gold prices to weak global cues.
15:40 (IST) Jun 01
Gold Rate Today: Gold falls as oil rises on escalating Middle East tensions
Spot gold is currently trading with a loss of around 1% at $4493 as US-Iran tensions have resurfaced. Consequently , oil prices are rallying yet again after recording the worst monthly decline in May since 2020.
The US military attacked Iranian radar and drone sites in the city of Goruk and the island of Qeshm over the weekend. Situation seems to be disconcerting as Kuwait reported hostile missile and drone attacks while Iran's IRGC claimed to launch retaliatory strikes on regional bases.
Israel has intensified its war on expanding Lebanon.
Although the US President continues to maintain that he is close to a deal with Iran, escalating geopolitical tensions are sending oil prices higher, which is stoking inflation concerns. Brent oil is up 3% at the moment.
Today's US data include ISM manufacturing (May) and construction spending (April).
Gold is expected to trade with a bearish bias unless oil prices come down and inflation concerns ease. Support is seen at $4450/$4400. Resistance is at $4550/$4600, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
The US military attacked Iranian radar and drone sites in the city of Goruk and the island of Qeshm over the weekend. Situation seems to be disconcerting as Kuwait reported hostile missile and drone attacks while Iran's IRGC claimed to launch retaliatory strikes on regional bases.
Israel has intensified its war on expanding Lebanon.
Although the US President continues to maintain that he is close to a deal with Iran, escalating geopolitical tensions are sending oil prices higher, which is stoking inflation concerns. Brent oil is up 3% at the moment.
Today's US data include ISM manufacturing (May) and construction spending (April).
Gold is expected to trade with a bearish bias unless oil prices come down and inflation concerns ease. Support is seen at $4450/$4400. Resistance is at $4550/$4600, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
14:04 (IST) Jun 01
Gold Rate Today: Gold futures down
Gold futures extended losses on Monday, with prices declining by Rs 1,084 per 10 grams amid subdued demand in the physical market.
On the Multi Commodity Exchange (MCX), August gold contracts were trading at Rs 1,59,827 per 10 grams, down 0.67% or Rs 1,084. Trading activity remained active, with 992 lots changing hands during the session.
Market participants attributed the decline largely to weak signals from overseas markets, which weighed on sentiment in domestic bullion trading.
In international markets, gold futures in New York were lower by 0.39%, trading at USD 4,522.52 an ounce.
On the Multi Commodity Exchange (MCX), August gold contracts were trading at Rs 1,59,827 per 10 grams, down 0.67% or Rs 1,084. Trading activity remained active, with 992 lots changing hands during the session.
Market participants attributed the decline largely to weak signals from overseas markets, which weighed on sentiment in domestic bullion trading.
In international markets, gold futures in New York were lower by 0.39%, trading at USD 4,522.52 an ounce.
12:08 (IST) Jun 01
Gold Rate Today: Chennai opening bullion rates on Monday
1 Gm Gold 22 Kt: Rs 14,500.00
1 Gm Gold 18 Kt: Rs 12,180.00
1 Gm Silver: Rs 290.00
1 Gm Gold 18 Kt: Rs 12,180.00
1 Gm Silver: Rs 290.00
10:15 (IST) Jun 01
Gold Rate Today: MCX Gold drops, MCX Silver rises
Gold and silver prices began the week on a mixed note on the Multi Commodity Exchange (MCX), as traders weighed the impact of a stronger US dollar and a sharp uptick in crude oil prices while awaiting clarity on a proposed extension of the ceasefire arrangement between the United States and Iran.
In domestic trading, silver futures for July 2026 delivery edged higher by Rs 1,095 to Rs 2,68,093 per kilogram. Gold futures for June 2026 delivery, however, declined by Rs 1,069 to Rs 1,54,513 per 10 grams. During the previous session, both precious metals had ended with losses of up to 1%.
Investor attention remains firmly focused on developments involving Iran. On Friday, US President Donald Trump indicated that a decision on extending the existing ceasefire agreement with Tehran could be announced soon. However, reports suggest that key disagreements between the two sides have yet to be resolved, keeping market participants cautious.
In domestic trading, silver futures for July 2026 delivery edged higher by Rs 1,095 to Rs 2,68,093 per kilogram. Gold futures for June 2026 delivery, however, declined by Rs 1,069 to Rs 1,54,513 per 10 grams. During the previous session, both precious metals had ended with losses of up to 1%.
Investor attention remains firmly focused on developments involving Iran. On Friday, US President Donald Trump indicated that a decision on extending the existing ceasefire agreement with Tehran could be announced soon. However, reports suggest that key disagreements between the two sides have yet to be resolved, keeping market participants cautious.
09:15 (IST) Jun 01
Gold Rate Today: What markets will watch out for this week
Gold prices traded steady as investors balanced ongoing uncertainty surrounding US-Iran ceasefire negotiations against rising inflation concerns and expectations of tighter monetary policy.
While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President Trump. At the same time, Israel has expanded military operations against Hezbollah in Lebanon, keeping geopolitical risks elevated across the region. Despite gold’s traditional safe-haven appeal, the metal has struggled to gain momentum as higher crude oil prices continue to fuel inflation concerns.
Oil prices rebounded after Israel’s latest military actions, reinforcing fears that energy costs could remain elevated and force the Federal Reserve to maintain a hawkish stance. Markets are increasingly pricing in the possibility of a Fed rate hike later this year, while the US Dollar Index and Yields also strengthened.
On the data front, China’s private manufacturing PMI for May came in stronger than expected, supported by resilient domestic and export demand. This week, market participants will closely monitor PMI readings from major economies, US labor market data, and the RBI’s interest rate decision for further direction in precious metals, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President Trump. At the same time, Israel has expanded military operations against Hezbollah in Lebanon, keeping geopolitical risks elevated across the region. Despite gold’s traditional safe-haven appeal, the metal has struggled to gain momentum as higher crude oil prices continue to fuel inflation concerns.
Oil prices rebounded after Israel’s latest military actions, reinforcing fears that energy costs could remain elevated and force the Federal Reserve to maintain a hawkish stance. Markets are increasingly pricing in the possibility of a Fed rate hike later this year, while the US Dollar Index and Yields also strengthened.
On the data front, China’s private manufacturing PMI for May came in stronger than expected, supported by resilient domestic and export demand. This week, market participants will closely monitor PMI readings from major economies, US labor market data, and the RBI’s interest rate decision for further direction in precious metals, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
08:13 (IST) Jun 01
Gold Rate Today: Why are gold prices not rising too much?
Analysts have pointed to a strong recovery in global equity markets, continued outflows from exchange-traded funds and the absence of fresh positive catalysts as factors that have restricted gains in precious metals.
At the same time, lingering inflation concerns have reinforced expectations that major central banks could maintain a tighter policy stance for longer, reducing the attractiveness of non-yielding assets such as gold.
At the same time, lingering inflation concerns have reinforced expectations that major central banks could maintain a tighter policy stance for longer, reducing the attractiveness of non-yielding assets such as gold.
08:12 (IST) Jun 01
Gold Rate Today: Gold price outlook
Pranav Mer, Vice President of Commodity & Currency Research at JM Financial Services, said that the outlook for precious metals remains largely range-bound, with a possibility of further corrective movement in both gold and silver.
According to him, investors will closely track progress in negotiations between Washington and Tehran. With the ceasefire and talks reportedly extended by another 60 days, any breakthrough could further reduce safe-haven demand, potentially putting additional pressure on both gold and oil prices.
Mer noted that bullion has remained under pressure in recent weeks as crude oil prices corrected sharply and investors reduced their demand for traditional safe-haven assets amid signs of progress in US-Iran negotiations.
He added that representatives from both countries have acknowledged the existence of a preliminary framework for a potential agreement, although the proposal still requires approval from US President Donald Trump.
Mer said investors will begin the week by tracking manufacturing and services PMI data from major economies, while attention later in the week will shift to European GDP figures, US non-farm payrolls data and employment-related indicators.
According to him, investors will closely track progress in negotiations between Washington and Tehran. With the ceasefire and talks reportedly extended by another 60 days, any breakthrough could further reduce safe-haven demand, potentially putting additional pressure on both gold and oil prices.
Mer noted that bullion has remained under pressure in recent weeks as crude oil prices corrected sharply and investors reduced their demand for traditional safe-haven assets amid signs of progress in US-Iran negotiations.
He added that representatives from both countries have acknowledged the existence of a preliminary framework for a potential agreement, although the proposal still requires approval from US President Donald Trump.
Mer said investors will begin the week by tracking manufacturing and services PMI data from major economies, while attention later in the week will shift to European GDP figures, US non-farm payrolls data and employment-related indicators.
08:11 (IST) Jun 01
Gold Rate Today: Demand for physical gold weakens
Demand for physical gold remained subdued in India during the past week as elevated prices and import duties discouraged buying activity. In China, premiums narrowed as consumers adopted a more cautious approach toward purchases.
Meanwhile, data showed that speculative investors increased their bullish positions in gold, with net long holdings rising by 2,544 contracts to 96,931 during the week ended May 26.
Meanwhile, data showed that speculative investors increased their bullish positions in gold, with net long holdings rising by 2,544 contracts to 96,931 during the week ended May 26.
08:11 (IST) Jun 01
Gold Rate Today: Crude oil prices rise
Trump said on Friday that he would soon decide whether to approve a proposed extension of the ceasefire arrangement with Iran. However, major differences between the two sides reportedly remain unresolved.
Geopolitical tensions persisted after Israeli Prime Minister Benjamin Netanyahu announced that military operations against the Iran-backed Hezbollah group would be expanded deeper into Lebanon, despite a ceasefire that has been in place for more than six weeks.
Crude oil prices climbed over 2% in early trade, reviving concerns about inflation and its potential impact on monetary policy.
Geopolitical tensions persisted after Israeli Prime Minister Benjamin Netanyahu announced that military operations against the Iran-backed Hezbollah group would be expanded deeper into Lebanon, despite a ceasefire that has been in place for more than six weeks.
Crude oil prices climbed over 2% in early trade, reviving concerns about inflation and its potential impact on monetary policy.
08:11 (IST) Jun 01
Gold Rate Today: International gold prices slip
Gold prices edged lower on Monday as a firmer US dollar and a rise in crude oil prices reduced the appeal of the precious metal, while investors closely monitored developments surrounding a proposed extension of the Iran ceasefire agreement and awaited a decision from US President Donald Trump.
Spot gold slipped 0.2% to $4,527.36 per ounce as of 0156 GMT, retreating after touching a two-week high in the previous session. US gold futures declined 0.8% to $4,558.10 an ounce.
The strengthening dollar added pressure on bullion by making gold more expensive for buyers using other currencies.
Gold, Silver Rate Today Live Updates: Despite the recent weakness, bullion prices have found some support from bargain buying at lower levels, ongoing investor interest amid renewed Russia-Ukraine tensions and a relatively stable US dollar.
On the MCX, gold futures ended last week at Rs 1.55 lakh per 10 grams, down Rs 3,104 or nearly 2%. Silver futures also weakened, declining Rs 4,848 or 1.8% to settle at Rs 2.66 lakh per kilogram.
Market participants are expected to focus heavily on the health of the US economy and labour market in the coming days, with several major data releases likely to influence expectations around future Federal Reserve policy. On the domestic front, investors will also closely watch the Reserve Bank of India’s monetary policy decision scheduled for Friday.
(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.)
On the MCX, gold futures ended last week at Rs 1.55 lakh per 10 grams, down Rs 3,104 or nearly 2%. Silver futures also weakened, declining Rs 4,848 or 1.8% to settle at Rs 2.66 lakh per kilogram.
Market participants are expected to focus heavily on the health of the US economy and labour market in the coming days, with several major data releases likely to influence expectations around future Federal Reserve policy. On the domestic front, investors will also closely watch the Reserve Bank of India’s monetary policy decision scheduled for Friday.
(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.)
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