Gold, Silver Rate Today Live Updates: MCX Gold, MCX Silver prices drop; International gold prices move up as all eyes on US-Iran peace deal
Gold and silver prices began Friday’s trade on a softer note on the Multi Commodity Exchange (MCX) as market participants balanced uncertainty surrounding the ongoing Middle East conflict against reports suggesting a possible extension of the ceasefire arrangement between the United States and Iran. Investor sentiment also remained cautious amid persistent concerns over inflation and the future trajectory of US interest rates.
In domestic trading, MCX silver futures for July 2026 delivery declined by Rs 1,518, or 0.5%, to Rs 2,68,018 per kg. Gold futures for June 2026 delivery also edged lower, falling Rs 609 to Rs 1,56,316 per 10 grams. Both precious metals had gained as much as 2% in the previous session.
Meanwhile, inflation in the United States accelerated in April at its fastest pace in three years, largely due to higher energy costs linked to the Iran conflict. The stronger-than-expected price pressures reinforced market expectations that the Federal Reserve may keep interest rates on hold for an extended period, potentially stretching into next year.
