On June 5, gold and silver prices experienced a decline influenced by ongoing geopolitical tensions, particularly related to the Iran war, which has kept oil prices elevated. The international spot gold price fell by 0.89%, bringing it down to $4,464.80 per ounce, while silver saw a more significant decrease of 1.81%, settling at $72.63 per ounce. In the domestic market, the Multi Commodity Exchange (MCX) reported that the spot price of gold closed at ₹1,55,392 per 10 grams. Additionally, gold futures for the August contract on the MCX ended the session at ₹1,59,502, reflecting a slight decline of 0.03%. Silver futures for July also dipped, closing at ₹2,64,680 per kilogram, down 0.04%. Market analysts are closely monitoring key US employment data, including Non-Farm Payrolls and unemployment figures, which are expected to influence the dollar and precious metals. According to Jateen Trivedi, VP Research Analyst at LKP Securities, gold is currently finding support near ₹1,58,500, while ₹1,60,500 is identified as a critical resistance level.