Gold and silver prices opened higher for the second straight day on the MCX on Tuesday amid signs of renewed diplomatic efforts between the U.S. and Iran. However, investor sentiment remained cautious after Yemen's Houthis threatened to impose a naval blockade on Saudi Arabia, raising concerns over another potential spike in crude prices.
In the domestic market, MCX silver futures for September 2026 delivery were up Rs 3,109 at Rs 2,21,509 per kg. Gold futures for August 2026 delivery gained by Rs 1,000 to Rs 1,42,390 per 10 grams. With today’s increase, the two are up for a second session in a row.
