Key facts
- Gold and silver prices were largely steady on MCX on Tuesday.
- MCX silver futures for July 2026 rose Rs 167 to Rs 2,66,350 per kg.
- Gold futures for June 2026 gained Rs 258 to Rs 1,59,499 per 10 grams.
- A stronger U.S. dollar and higher crude oil prices capped gains.
- Markets awaited U.S. President Donald Trump's decision on extending the Iran ceasefire.
Precious metals prices are influenced by geopolitical events, currency strength, and commodity prices. The ongoing uncertainty surrounding the Iran ceasefire and potential decisions by the U.S. President, coupled with a stronger dollar and rising crude oil, create a complex environment for gold and silver investors. These factors can lead to volatility as markets attempt to price in future geopolitical and economic developments.