On Tuesday, gold prices saw a marginal increase, with futures for June 2026 delivery rising by ₹611 to ₹1,49,950 per 10 grams on the Multi Commodity Exchange of India. In contrast, silver futures for July 2026 delivery fell by ₹632 to ₹2,43,263 per kg. The market is reacting to ongoing tensions related to the U.S.-Iran peace talks and rising inflation fears due to oil prices hovering above $110 per barrel. Gold is traditionally viewed as a hedge against inflation, yet higher interest rates reduce its attractiveness. Globally, spot gold prices increased by 0.5% to $4,541.39 per ounce, recovering from a previous drop of over 2%. Analysts suggest that gold and silver will remain volatile, with gold support at $4,440.00 and resistance at $4,574-4,610 per troy ounce. In major Indian cities, standard gold (22 carat) prices range from ₹1,09,712 in Mumbai to ₹1,11,992 in Chennai for 8 grams.