Key facts
- Gold prices fell 1.0% to $4,444.86 per ounce on Wednesday.
- Gold futures declined approximately 1.75% on Monday.
- Gold and silver prices opened higher on Thursday.
- MCX silver futures for July 2026 rose Rs 753 on Thursday.
- MCX gold futures for August 2026 gained Rs 840 on Thursday.
- MCX silver futures for July 2026 rose Rs 167 to Rs 2,66,350 per kg on Tuesday.
- MCX gold futures for June 2026 gained Rs 258 to Rs 1,59,499 per 10 grams on Tuesday.
- Domestic LPG prices in India increased by Rs 29 per 14.2-kg cylinder.
- The new domestic LPG price in Delhi is Rs 942.
- Silver prices declined on Friday, June 5, 2026.
- Silver prices rose on Monday, June 1, 2026.
Gold prices have shown significant volatility, with reports indicating a drop below $4,500 per ounce on Wednesday, attributed to escalating Middle East tensions between Iran and the U.S. and a stronger U.S. dollar. Brent crude futures rose, fueling inflation concerns, further pressuring gold prices. On Monday, gold futures fell approximately 1.75% from a two-week closing high, hovering near $4,516, influenced by higher Treasury yields and a U.S. dollar strengthening above 99. Investors are closely monitoring energy-driven inflation trends and awaiting key U.S. jobs data.
Conversely, gold and silver prices opened higher on Thursday, supported by a weaker U.S. dollar and easing crude oil prices. Optimism surrounding a potential Middle East ceasefire also boosted investor sentiment. MCX silver futures for July 2026 rose Rs 753, and gold futures for August 2026 gained Rs 840. However, on Tuesday, gold and silver prices on MCX were largely steady, with gains capped by a stronger U.S. dollar and higher crude oil prices as markets awaited U.S. President Donald Trump's decision on extending the Iran ceasefire. MCX silver futures for July 2026 rose Rs 167 to Rs 2,66,350 per kg, while gold futures for June 2026 gained Rs 258 to Rs 1,59,499 per 10 grams. On Friday, gold and silver prices in India fell, mirroring a dip in crude oil prices following a conditional ceasefire announcement between Israel and Lebanon, though geopolitical risks remain uncertain.
In parallel, domestic LPG prices in India have increased by Rs 29 per 14.2-kg cylinder, bringing the new price in Delhi to Rs 942. This marks the second price hike since the U.S.-Iran conflict began, with estimated supply costs now ranging between Rs 1,600-1,700, driven by rising import costs.
Silver prices experienced a downward trend on Friday, June 5, 2026, following the release of the jobs report, indicating market adjustments. Earlier, on Monday, June 1, 2026, silver prices were on an upward trend. Traders are awaiting further U.S. economic data and developments regarding the Middle East geopolitical situation.