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The Economic Times
The Economic Times
Veer Sharma

Silver soars Rs 5,000/kg, gold nears Rs 1.6 lakh/10 grams on US-Iran peace deal progress. Right time to buy?

Gold silver MCX Iran United States Manoj Kumar Jain Oil crude oil

Gold and silver prices opened on a strong note on Multi Commodity Exchange (MCX) on Monday, ‌supported by a weaker dollar and easing oil prices, as investors weighed prospects of a breakthrough in the U.S.-Iran peace negotiations.

In the domestic market, MCX silver futures for July 2026 delivery rose Rs 5,042 or 1.8% to Rs 2,76,888 per kg. Gold futures for June 2026 delivery were up Rs 821 at Rs 1,59,500 per 10 grams. In the previous session, silver and gold were marginally lower.

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