Gold and Silver Prices Steady Amid Inflation Concerns and Geopolitical Tensions
Gold, silver prices open flat as traders assess Iran war, peace talks, crude oil-led inflation worries. Should you buy today?
The Economic TimesImage: The Economic Times
Gold and silver prices remained stable on the Multi Commodity Exchange of India as inflation worries persist, influenced by ongoing US-Iran peace talks and rising crude oil prices. Gold futures for June 2026 are priced at ₹1,51,257 per 10 grams, while silver futures for July 2026 stand at ₹2,51,237 per kg.
- 01Gold futures for June 2026 are priced at ₹1,51,257 per 10 grams.
- 02Silver futures for July 2026 gained 0.1%, reaching ₹2,51,237 per kg.
- 03Inflation fears are heightened by crude oil prices hovering near $110 per barrel.
- 04Immediate support for gold is at ₹1,48,000, with resistance at ₹1,54,000.
- 05Silver prices are stable above ₹2,50,000, with critical support at ₹2,45,000.
Advertisement
In-Article Ad
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.
Advertisement
In-Article Ad
Fluctuations in gold and silver prices can affect consumer purchasing decisions and investment strategies in India, particularly for those looking to hedge against inflation.
Advertisement
In-Article Ad
Reader Poll
Do you think now is a good time to invest in gold or silver?
Connecting to poll...
More about Multi Commodity Exchange of India
Read the original article
Visit the source for the complete story.





