Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54
Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Silver prices rebounded on Warsh's remarks in the ECB panel discussion on July 1, and a weaker-than-expected nonfarm US payroll report for June.
For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
In the international market, too, gold and silver futures were trading with losses
Gold and silver futures opened lower on MCX and Comex, extending volatility in bullion after prices had earlier retreated from sharp record highs this year
Gold recovers after a weak start on domestic exchange; Comex futures trade lower
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 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
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,490
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,440
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
Gold & silver prices have surged, but should investors now rebalance their portfolios? Why experts are warning against overexposure to precious metals
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,990