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The Economic Times
The Economic Times
Veer Sharma

Silver soars nearly Rs 10,000 in 2 days, gold prices extend gains on Iran peace deal optimism. Big rally brewing?

Gold silver Iran Donald Trump MCX Manoj Kumar Jain United States

Gold and silver prices opened sharply higher, extending gains for a second straight session on the Multi Commodity Exchange (MCX) on Friday, after crude oil prices hit a two-month low as the US and Iran moved closer to a peace deal.

In the domestic market, MCX silver futures for July 2026 delivery were up Rs 5,167 (2%) at Rs 2,44,817 per kg. Gold futures for August 2026 delivery rose Rs 649 to Rs 1,49,581 per 10 grams. With today’s gains, silver has risen Rs 10,012, or 4%, over the last two days, while gold has surged Rs 1,600.

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