Gold and silver prices opened higher on the Multi Commodity Exchange (MCX) on Monday, snapping a two-day fall, as oil prices eased following signs of progress in the U.S.-Iran peace talks. However, expectations of higher U.S. interest rates after hawkish signals from the Federal Reserve continued to weigh on the precious metal's outlook.
In the domestic market, MCX silver futures for July 2026 delivery were down Rs 3,921 (1.6%) to Rs 2,37,106 per kg. Gold futures for August 2026 delivery rose by Rs 784 to Rs 1,47,987 per 10 grams. In the previous session, the two witnessed a massive selloff with silver plunging over 2% and gold 1.40%.
