Amidst US-Iran tensions, gold witnessed a decline and silver recorded a rise on the MCX, while volatility persisted in international markets as well.
सोना टूटा या फिर चांदी की चमक बरक़रार? जानें आज के ताजा भाव
The impact of escalating tensions between the United States and Iran is now becoming visible in global commodity markets as well. On Monday, gold and silver were observed trading within a limited range in the domestic market. While gold opened with a decline, silver appeared to trade with strength. Global instability and rising tensions in West Asia have put investors on alert.
Gold Slips on MCX; Silver Rallies
On the Multi Commodity Exchange (MCX), the gold contract for June 5, 2026, opened at ₹152,487—marking a marginal decline of ₹43 compared to its previous close of ₹152,530. As trading progressed, the downward trend intensified.
By approximately 10:00 AM, gold had tumbled by ₹630—or 0.41 percent—to reach ₹151,900, which also marked the day’s intra-day low. However, during the trading session, it also touched a high of ₹154,434. Amidst the market volatility, investors’ eyes remain fixed on international developments.
Conversely, silver witnessed a rally. The silver contract for July 3, 2026, opened at ₹264,535—an increase of ₹2,613 (approximately one percent) compared to its previous close of ₹261,922. At the time of writing, silver was trading at ₹262,611, up by ₹689 or 0.26 percent. During the day, it touched a low of ₹262,003 and a high of ₹264,922.
Volatility in International Markets as Well
Volatility in gold and silver prices also persisted in the international markets. On COMEX, gold was trading down by more than one percent at $4,678 per ounce, while silver held steady at $80 per ounce, recording a marginal gain of 0.04 percent.
According to experts, this market volatility persists due to escalating tensions between the United States and Iran. Reports indicate that Iran had conveyed a peace proposal to the U.S. through Pakistan, calling for an end to hostilities, the reopening of the Strait of Hormuz, and negotiations regarding its nuclear program. However, the U.S. remains firm on demands such as the surrender of uranium, a stance that appears to be further heightening tensions between the two nations rather than easing them.
Trump Rejects Iran’s Response
Expressing his displeasure over Iran’s response, U.S. President Donald Trump took to social media to state that he had read the reply from Iranian representatives; however, he found it unsatisfactory and deemed it unacceptable.
Following this statement by Trump, uncertainty in global markets has intensified further. Investors believe that if tensions between the U.S. and Iran continue to escalate, the repercussions could be felt across various commodity markets—including gold and silver—in the days to come.
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