On Monday, gold and silver prices opened relatively unchanged on the Multi Commodity Exchange of India, reflecting ongoing concerns about inflation and geopolitical tensions related to the US-Iran peace talks. Gold futures for June 2026 delivery are priced at ₹1,51,257 per 10 grams, while silver futures for July 2026 saw a slight increase of 0.1%, reaching ₹2,51,237 per kg. The rise in crude oil prices, currently around $110 per barrel, is contributing to inflationary pressures, which could lead to higher interest rates. This situation diminishes the attractiveness of gold as a hedge against inflation. Analysts suggest that gold is currently consolidating within the range of ₹1,51,000 to ₹1,52,000, with immediate support at ₹1,48,000 and potential resistance at ₹1,54,000. For silver, maintaining above ₹2,45,000 is crucial for market stability, while resistance is noted at ₹2,60,000. Prices for standard gold in major Indian cities vary, with Delhi prices at ₹1,10,792 for 8 grams of 22-carat gold.