Silver Prices

Silver was trading at $66, down 7.78 per cent from June 17 high of $71.57.

At the time of writing, the MCX gold contract was trading ₹2,031 lower at ₹1,47,278

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,040

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,490

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,740

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,38,910

Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,640

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,36,210

According to Praveen Singh, head of commodities at Mirae Asset Sharekhan, silver is expected to continue to remain under pressure unless a US-Iran deal is formally announced

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,490

Investors withdrew nearly ₹3,000 crore from gold and silver ETFs in May as prices retreated from record highs, triggering profit booking and portfolio reallocation

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,440

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,40,410

Analysts at Kedia Stocks and Commodities Research expect Silver prices to fall to $48.60 levels in the bear-case scenario. On the upside, they expect prices to zoom up to $170 in the next bull cycle.

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,040

In the international market, spot gold fell 0.2 per cent to $4,319.09 per ounce on rising fears of a US rate hike ‌after a strong jobs report, while renewed hostilities in West Asia

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,990

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,740

In near-term, the metal is expected to be under pressure unless oil prices come down on sustainable basis