On Monday, gold and silver prices opened strongly on the Multi Commodity Exchange (MCX), driven by a weaker dollar and declining oil prices. Silver futures for July 2026 delivery rose by ₹5,042 to ₹2,76,888 per kg, while gold futures for June 2026 delivery increased by ₹821 to ₹1,59,500 per 10 grams. These gains come amid reports from U.S. President Donald Trump about significant progress in U.S.-Iran peace negotiations, which could reopen the Strait of Hormuz, a critical route for global oil shipments. The decline in oil prices to a two-week low has also contributed to this upward trend, as lower oil prices can ease inflation concerns. In international markets, spot gold rose by 1.1% to $4,560.09 per ounce. Analysts suggest that both gold and silver prices may remain volatile, influenced by fluctuations in crude oil prices. Recommendations for trading include buying silver in the range of ₹2,71,000 to ₹2,67,000 and gold between ₹1,58,500 and ₹1,57,700, with specific stop loss and target levels advised.