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- Gold, Silver Rate Today Live Updates: Gold, silver prices rally strongly as oil drops on hope of US-Iran talks
THE TIMES OF INDIA | May 07, 2026, 07:55:23 IST
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Gold, Silver Rate Today Live Updates: Gold, silver prices rally strongly as oil drops on hope of US-Iran talks
Gold, Silver Rate Today Live Updates: Gold prices remained largely unchanged on Tuesday as investors carefully assessed the economic implications of escalating tensions in the Middle East, even as peace negotiations between the United States and Iran showed little progress.
Geopolitical developments continue to dominate sentiment. Fresh hostilities were reported on Monday, with both Washington and Tehran launching attacks in the Gulf region as they sought to assert control over the Strait of Hormuz through competing maritime blockades, unsettling an already fragile truce. The US military said it had destroyed six Iranian small boats and intercepted cruise missiles and drones aimed at disrupting a renewed American push to reopen the key shipping route.
Geopolitical developments continue to dominate sentiment. Fresh hostilities were reported on Monday, with both Washington and Tehran launching attacks in the Gulf region as they sought to assert control over the Strait of Hormuz through competing maritime blockades, unsettling an already fragile truce. The US military said it had destroyed six Iranian small boats and intercepted cruise missiles and drones aimed at disrupting a renewed American push to reopen the key shipping route.
LIVE RATES · INDIA
7:59:02 am
21:25 (IST) May 06
Gold jumps on weaker dollar, Middle East peace hopes
Gold prices rose more than 1% on Wednesday, buoyed by a weaker dollar, while softer oil prices eased fears of inflation and higher-for-longer interest rates, amid hopes of a US-Iran peace deal.
Spot gold was up 1.7% at $4,633.31 per ounce, as of 0225 GMT. U.S. gold futures for June delivery rose 1.7% to $4,643.20.
18:39 (IST) May 06
Gold Rate Today Live Updates: Gold futures rise 2 pc to Rs 1.52 lakh/10g amid US-Iran deal hopes
Gold prices jumped Rs 2,947 to Rs 1.52 lakh per 10 grams in futures trade on Wednesday amid cooling oil rates and a weak US dollar, with traders reacting to signs that the US and Iran may be moving closer to a deal.
On the Multi Commodity Exchange, the yellow metal appreciated by Rs 2,947, or 1.97 per cent, to Rs 1,52,700 per 10 grams in a business turnover of 9,273 lots.
Analysts said the price of the yellow metal rose as crude oil prices dropped after reports that Washington and Tehran were closing in on an agreement to bring an end to the war.
Iran has also announced that the Strait of Hormuz could reopen after US President Donald Trump paused his "Project Freedom" to guide commercial ships out of the economically vital waterway, according to reports.
"Gold prices surged on Wednesday, driven by a weaker dollar and easing crude oil prices amid speculation around potential US-Iran peace talks," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.
16:02 (IST) May 06
Gold Rate Today Live: MCX gold futures jump nearly 2% across contracts as June series tops Rs 1.52 lakh
Gold futures on the Multi Commodity Exchange (MCX) surged sharply on Wednesday, with the June 5, 2026 contract rising Rs 2,893, or 1.93%, to Rs 1,52,646 per 10 grams. The contract touched an intraday high of Rs 1,52,885 after opening at Rs 1,52,000, while trading volumes stood at 4,926 lots with open interest of 9,222 lots.
The bullish trend extended to deferred contracts as August gold futures climbed Rs 2,744, or 1.79%, to Rs 1,56,042 per 10 grams, while October contracts advanced Rs 3,225, or 2.07%, to Rs 1,59,175. The October series also hit its day’s high at the same level, reflecting sustained strength in long-duration gold contracts on MCX.
13:39 (IST) May 06
Gold Rate Today: Gains for gold capped
Gold prices edged higher, recovering from a one-month low as the US reassured that its ceasefire with Iran remained intact despite elevated tensions around the Strait of Hormuz. Sentiment stayed cautious after the launch of “Project Freedom” by US President Trump to secure shipping routes, with Iran responding through missile activity and fresh strikes, including an attack on a key oil hub in the UAE.
However, calmer rhetoric from Washington, emphasizing the defensive and temporary nature of the operation, helped stabilize markets and slightly eased oil prices, though they remain well above pre-war levels.
Persistently high crude continues to fuel inflation concerns, reinforcing expectations of a prolonged higher-for-longer rate environment led by the Federal Reserve, which has capped gains for gold. Despite geopolitical risks, bullion remains under pressure from elevated US yields and a firm dollar.
However, sentiment saw some support from ongoing diplomatic talks in Pakistan and China’s move to ease gold import rules, which could boost physical demand. Focus today will be on PMI data from major economies, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.
However, calmer rhetoric from Washington, emphasizing the defensive and temporary nature of the operation, helped stabilize markets and slightly eased oil prices, though they remain well above pre-war levels.
Persistently high crude continues to fuel inflation concerns, reinforcing expectations of a prolonged higher-for-longer rate environment led by the Federal Reserve, which has capped gains for gold. Despite geopolitical risks, bullion remains under pressure from elevated US yields and a firm dollar.
However, sentiment saw some support from ongoing diplomatic talks in Pakistan and China’s move to ease gold import rules, which could boost physical demand. Focus today will be on PMI data from major economies, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.
12:41 (IST) May 06
Gold Rate Today: Mumbai bullion opening rates
Silver spot (in Rs per kilo) : 246333.00
Standard gold (99.5) : 150033.00
Pure gold: (99.9) : 150636.00
Standard gold (99.5) : 150033.00
Pure gold: (99.9) : 150636.00
11:40 (IST) May 06
Gold Rate Today: How to trade gold, silver
Manoj Kumar Jain of Prithvi Finmart told ET that silver is expected to find a floor around $68 per troy ounce, while gold could continue to hold above the $4,440 mark on a weekly closing basis.
According to him, volatility is likely to persist in the near term, driven by movements in the dollar index and crude oil prices, as well as anticipation around the upcoming US non-farm payroll data.
For gold, he identified a support zone between $4,535 and $4,500, with resistance levels placed in the $4,622 to $4,681 range per troy ounce. Silver, on the other hand, is expected to see support between $72 and $70, while facing resistance in the $75.50 to $77.40 band for the day.
On the MCX, gold is seen having support in the Rs 1,49,100 to Rs 1,48,400 range, with resistance between Rs 1,50,500 and Rs 1,51,800. Silver is likely to find support between Rs 2,41,400 and Rs 2,38,800, while resistance is expected in the Rs 2,48,000 to Rs 2,51,500 range.
He advised investors to consider booking profits on long positions in both metals during price rallies, at least until there is clarity on a potential US-Iran peace agreement.
10:41 (IST) May 06
Gold Rate Today: Gold, silver prices rally strongly
Gold and silver prices saw a strong start on Wednesday on the Multi Commodity Exchange of India, supported by a softer US dollar and a decline in crude oil prices. The easing in oil helped reduce concerns around inflation and the possibility of interest rates remaining elevated for a prolonged period. Sentiment was further lifted by growing optimism around a potential resolution to the US-Iran conflict.
In domestic trading, silver futures for July 2026 delivery surged by Rs 7,684, or 3.1%, to Rs 2,52,000 per kilogram. Gold futures for June 2026 delivery also moved higher, rising Rs 2,429, or 1.7%, to Rs 1,52,182 per 10 grams. Both metals had closed with gains in the previous session as well.
Market confidence improved after US President Donald Trump indicated progress in efforts to end the conflict. He announced on Tuesday that operations to escort vessels through the Strait of Hormuz would be temporarily halted, pointing to advances in negotiations toward a broader agreement with Iran, though without sharing further details. There was no immediate response from Tehran, where it was still early Wednesday.
Meanwhile, oil prices, though still elevated, declined for a second consecutive session, slipping below the $110 per barrel mark. Elevated crude prices tend to fuel inflation concerns, which in turn increase expectations of higher interest rates.
In domestic trading, silver futures for July 2026 delivery surged by Rs 7,684, or 3.1%, to Rs 2,52,000 per kilogram. Gold futures for June 2026 delivery also moved higher, rising Rs 2,429, or 1.7%, to Rs 1,52,182 per 10 grams. Both metals had closed with gains in the previous session as well.
Market confidence improved after US President Donald Trump indicated progress in efforts to end the conflict. He announced on Tuesday that operations to escort vessels through the Strait of Hormuz would be temporarily halted, pointing to advances in negotiations toward a broader agreement with Iran, though without sharing further details. There was no immediate response from Tehran, where it was still early Wednesday.
Meanwhile, oil prices, though still elevated, declined for a second consecutive session, slipping below the $110 per barrel mark. Elevated crude prices tend to fuel inflation concerns, which in turn increase expectations of higher interest rates.
09:25 (IST) May 06
Gold Rate Today: Gold prices rise sharply
Gold prices climbed sharply on Wednesday, rising by over 1% as a softer US dollar lent support. At the same time, easing crude oil prices helped calm concerns around inflation and the prospect of interest rates staying elevated for an extended period, with markets drawing optimism from potential progress toward a US-Iran peace agreement.
Spot gold advanced 1.7% to $4,633.31 per ounce as of 0225 GMT, while US gold futures for June delivery also gained 1.7% to reach $4,643.20, according to a Reuters report.
On Tuesday, US President Donald Trump announced a temporary halt to efforts aimed at escorting vessels through the Strait of Hormuz, pointing to headway in negotiations toward a broader deal with Iran.
According to Kelvin Wong, senior market analyst at OANDA, gold prices benefited from the decline in oil, as the reduction in geopolitical risk premium followed confirmation from the US that the fragile ceasefire with Iran remained in place despite recent tensions earlier in the week.
Spot gold advanced 1.7% to $4,633.31 per ounce as of 0225 GMT, while US gold futures for June delivery also gained 1.7% to reach $4,643.20, according to a Reuters report.
On Tuesday, US President Donald Trump announced a temporary halt to efforts aimed at escorting vessels through the Strait of Hormuz, pointing to headway in negotiations toward a broader deal with Iran.
According to Kelvin Wong, senior market analyst at OANDA, gold prices benefited from the decline in oil, as the reduction in geopolitical risk premium followed confirmation from the US that the fragile ceasefire with Iran remained in place despite recent tensions earlier in the week.
08:07 (IST) May 06
Gold Rate Today: Gold up as oil eases
Gold prices moved higher on Tuesday, rebounding from a drop in the previous session that had taken the metal to its lowest level in over a month. The uptick came as market participants evaluated the fragile ceasefire in the Middle East and its possible implications for inflation trends and interest rate expectations.
Spot gold gained 0.8% to reach $4,557.56 per ounce by 1:31 p.m. EDT (1731 GMT), after having touched its weakest point since March 31 a day earlier.
Spot gold gained 0.8% to reach $4,557.56 per ounce by 1:31 p.m. EDT (1731 GMT), after having touched its weakest point since March 31 a day earlier.
07:00 (IST) May 06
Gold rate outlook: Geopolitical tensions around Strait of Hormuz keep markets on edge; inflation and Fed outlook in focus
The United Arab Emirates said it was under attack from Iranian missiles and drones, even as Washington said a shaky ceasefire was intact despite an exchange of fire the previous day as US forces attempted to force open the Strait of Hormuz.
The narrow waterway, which carries a large share of global oil, fertiliser and other commodity supplies, has been virtually closed since attacks began on February 28, driving up prices around the world.
Oil prices slipped on Tuesday, but losses were limited. Elevated energy prices risk stoking inflation and delaying central banks' easing cycles.
While gold is traditionally seen as a hedge against inflation and uncertainty, its appeal tends to wane when interest rates are high, as rising yields make non-yielding assets less attractive. Safe-haven demand remains, even if its influence has weakened as gold is increasingly treated as a risk-sensitive asset, said Fawad Razaqzada, market analyst at City Index.
“Nonetheless, the need to hedge against inflation, alongside persistent central bank buying, has helped limit deeper downside moves so far,” Razaqzada said.
Meanwhile, the release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's monetary policy on hold, or whether a softening labor market could revive the case for rate cuts.
05:02 (IST) May 06
Gold, Silver Rate Today Live Updates: Gold sees bargain buying after recent selloff; focus shifts to US economic data
“We are seeing some bargain hunting after the recent selloff, and oil prices easing are also providing support. The market is going to continue to watch the headlines, but we could see focus shift a little towards economic data,” said Jim Wyckoff, market analyst at American Gold Exchange.
“Gold bulls need a significant fundamental spark to regain their footing,” he added.
03:38 (IST) May 06
Long-end gold futures slip amid thin trade in October expiry
October 2026 gold futures declined 0.38% to 1,55,950 per 10 grams, with limited activity of just 1 lot and no intraday range movement, indicating muted liquidity and mild pressure at the far end of the curve, as of 23:17 IST on Tuesday.
02:25 (IST) May 06
Mid-month gold contract gains on steady demand in August expiry
August 2026 gold futures gained 0.23% to 1,53,201 per 10 grams, trading in a range of 1,52,591 to 1,53,800, with 444 lots traded and open interest at 1,690 lots, reflecting stable mid-term participation, as of 23:17 IST on Tuesday.
00:55 (IST) May 06
Gold futures edge higher in near-month contract, strong activity in June expiry
June 2026 gold futures rose 0.31% to 1,49,798 per 10 grams, moving between 1,49,228 and 1,50,440, with volumes of 4,476 lots and open interest at 9,792 lots, indicating active near-term positioning, as of 23:17 IST on Tuesday.
23:03 (IST) May 05
Gold Rate Today: Will gold upside stay capped amid Fed rate outlook and fresh Middle East tensions?
Gold upside may remain limited as investors have largely priced out interest rate hikes by the US Federal Reserve, with the possibility of further tightening gaining traction, analysts said.
Renewed flare-ups in the region, including missile interceptions by the United Arab Emirates, have weakened confidence in the four-week ceasefire efforts, said Renisha Chainani, Head - Research at Augmont, adding that higher crude oil prices and global bond yields are expected due to tighter monetary policy ahead.
22:25 (IST) May 05
Strait of Hormuz tensions add to inflation fears and policy uncertainty
The fragile security situation around the Strait of Hormuz, including reported missile strikes and competing claims of control, has reinforces concerns over energy-led inflation and a prolonged period of tighter monetary policy by central banks, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities said.
21:32 (IST) May 05
Gold rate outlook: Dollar strength and Treasury yields draw investors away from gold
"With the conflict now in its tenth week, in response to changing macroeconomic conditions, investors have increasingly turned to the US dollar and Treasury yields as their preferred safe-haven assets while remaining sidelined by gold, which adds to the downward pressure on precious metals," Saumil Gandhi, Senior Analyst Gandhi said.
20:51 (IST) May 05
Gold Rate Today: Gold slips Rs 300 amid geopolitical tensions and safe-haven shift
Gold of 99.9 per cent purity fell Rs 300 to Rs 1,52,500 per 10 grams (inclusive of all taxes), compared to Rs 1,52,800 on Monday.
"Gold continued to face pressure on Tuesday as investors responded to escalating tensions in the Middle East and their implications for the overall macroeconomic outlook," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
"Gold continued to face pressure on Tuesday as investors responded to escalating tensions in the Middle East and their implications for the overall macroeconomic outlook," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
20:05 (IST) May 05
Silver Rate Today Live: Silver rises Rs 1,500 to Rs 2.51 lakh/kg in Delhi as geopolitical risks persist
Silver prices climbed Rs 1,500 to Rs 2.51 lakh per kilogram in the national capital on Tuesday, tracking a firm trend in global markets as geopolitical tensions in West Asia kept the commodity sentiment supported. The white metal had closed at Rs 2,49,500 per kg in the previous session.
19:48 (IST) May 05
Gold Rate Today Live: Gold at Rs 15,360 per gram, silver at Rs 2.54 lakh/kg in Bengaluru
Closing bullion rates for Bengaluru on Tuesday showed 22-karat gold at Rs 14,080 per gram, while 24-karat gold was priced at Rs 15,360 per gram, indicating higher purity metal traded at a premium. Silver was quoted at Rs 2,54,400 per kilogram, reflecting prevailing market demand for the white metal.
17:41 (IST) May 05
Gold Rate Today: Sentiment remains cautious
“Gold traded slightly positive near ₹149650, up around 0.20%, as COMEX gold held support close to $4510, indicating buying interest at lower levels. Markets are entering a data-heavy week, with key focus on US unemployment and non-farm payrolls, which will be crucial in shaping interest rate expectations and near-term direction in gold.
Despite the mild recovery, sentiment remains cautious, with broader movement dependent on dollar and yield reactions to data. Technically, support is seen near ₹149000, while resistance is placed around ₹151500, with $4500 acting as a key base support on the international side,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Despite the mild recovery, sentiment remains cautious, with broader movement dependent on dollar and yield reactions to data. Technically, support is seen near ₹149000, while resistance is placed around ₹151500, with $4500 acting as a key base support on the international side,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
16:41 (IST) May 05
Silver Rate Today: MCX Silver futures move up
Silver edged up marginally in futures trading on Tuesday, rising 0.09% to Rs 2.44 lakh per kilogram, as ongoing tensions in West Asia continued to influence sentiment.
On the Multi Commodity Exchange, July delivery contracts for the metal advanced by Rs 225, or 2.08%, to Rs 2,44,120 per kg, with trading volumes standing at 982 lots.
Analysts attributed the uptick to the creation of fresh positions by market participants, which supported prices during the session.
In global markets, silver futures on Comex climbed 2.36% to $78.29 per ounce.
On the Multi Commodity Exchange, July delivery contracts for the metal advanced by Rs 225, or 2.08%, to Rs 2,44,120 per kg, with trading volumes standing at 982 lots.
Analysts attributed the uptick to the creation of fresh positions by market participants, which supported prices during the session.
In global markets, silver futures on Comex climbed 2.36% to $78.29 per ounce.
15:41 (IST) May 05
Gold Rate Today: Gold recovering as oil prices decline
Yesterday, gold slumped over $100 as Iran's drone attacks targeted UAE while US attacked Iranian boats in the Strait of Hormuz.
Oil prices surged as a fire broke out at the UAE's oil port of Fujairah. The US intends to escort commercial ships through the strategic waterway in accordance with its "Project Freedom".
Today, gold at $4550 is up by around 0.50% as oil has slipped on possibility of US escorting commercial ships, though as it can not work as a permanent solution, oil pullback is likely to be temporary.
Today's US data include ISM services and JOLTS job openings.
Upside in gold is expected to be limited as markets, at least for now, have priced out Fed rate cuts this year. In fact, rate hike possibility is becoming more visible.
A breach of support at $4500 will open the way to to the next support at $4410. Resistance is at $4610, says Praveen Singh, Head of commodities at Mirae Asset Sharekhan.
Oil prices surged as a fire broke out at the UAE's oil port of Fujairah. The US intends to escort commercial ships through the strategic waterway in accordance with its "Project Freedom".
Today, gold at $4550 is up by around 0.50% as oil has slipped on possibility of US escorting commercial ships, though as it can not work as a permanent solution, oil pullback is likely to be temporary.
Today's US data include ISM services and JOLTS job openings.
Upside in gold is expected to be limited as markets, at least for now, have priced out Fed rate cuts this year. In fact, rate hike possibility is becoming more visible.
A breach of support at $4500 will open the way to to the next support at $4410. Resistance is at $4610, says Praveen Singh, Head of commodities at Mirae Asset Sharekhan.
14:39 (IST) May 05
Gold Rate Today: MCX Gold Futures up
Gold futures moved higher on Tuesday, gaining Rs 254 to reach Rs 1,53,100 per 10 grams, supported by renewed buying interest from traders amid firm demand in the physical market.
On the Multi Commodity Exchange, contracts for August delivery advanced by Rs 254, or 0.17%, to Rs 1,53,100 per 10 grams, with a trading volume of 74 lots.
Market participants attributed the uptick to the creation of fresh positions by speculators, which helped lift prices during the session.
In international markets, gold futures in New York also edged up, rising 0.50% to $4,544.62 per ounce.
On the Multi Commodity Exchange, contracts for August delivery advanced by Rs 254, or 0.17%, to Rs 1,53,100 per 10 grams, with a trading volume of 74 lots.
Market participants attributed the uptick to the creation of fresh positions by speculators, which helped lift prices during the session.
In international markets, gold futures in New York also edged up, rising 0.50% to $4,544.62 per ounce.
14:38 (IST) May 05
Gold Rate Today: Mumbai bullion opening rates
Silver spot (in Rs per kilo): 239502.00
Standard gold (99.5): 146966.00
Pure gold (99.9) : 147557.00
Standard gold (99.5): 146966.00
Pure gold (99.9) : 147557.00
12:15 (IST) May 05
Gold Rate Today: Global data in focus
Gold prices pressured by a firm dollar and yields and rising inflation expectations as oil prices surged amid escalating Middle East tensions. However, rising USDINR is capping losses for bullion on domestic front. Over the weekend, US President Trump announced “Project Freedom,” an initiative aimed at reopening the Strait of Hormuz, a key route handling nearly 20% of global oil flows, which has remained largely blocked by Iran since the conflict began. Reports of missile exchanges, attacks on vessels, and an Iranian strike on UAE’s Fujairah oil hub intensified supply disruption fears, pushing crude prices sharply higher and amplifying global inflation concerns.
This has reinforced expectations of a more hawkish stance from major central banks, including the Federal Reserve, weighing on non-yielding assets like gold. Despite heightened geopolitical risks, bullion struggled to gain as higher bond yields and a firm dollar capped upside. Markets also reacted to stronger US data, with factory orders beating expectations, further supporting the dollar. Focus now shifts to global PMI readings and upcoming US labor market data for further directional cues, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services.
This has reinforced expectations of a more hawkish stance from major central banks, including the Federal Reserve, weighing on non-yielding assets like gold. Despite heightened geopolitical risks, bullion struggled to gain as higher bond yields and a firm dollar capped upside. Markets also reacted to stronger US data, with factory orders beating expectations, further supporting the dollar. Focus now shifts to global PMI readings and upcoming US labor market data for further directional cues, says Manav Modi Commodities Analyst, Motilal Oswal Financial Services.
11:13 (IST) May 05
Gold Rate Today: How to trade gold
Manoj Kumar Jain of Prithvi Finmart told ET that despite this volatility, silver could find a base around $68 per troy ounce, while gold is expected to maintain support above $4,440 per troy ounce on a weekly closing basis.
He believes that both gold and silver are likely to remain unstable in the near term, influenced by movements in the dollar index, fluctuations in crude oil prices, and ongoing uncertainty surrounding a possible US-Iran agreement.
For gold, he identified a support zone between $4,500 and $4,470, with resistance seen in the $4,574 to $4,610 range per troy ounce. In the case of silver, support is placed between $72 and $70, while resistance is expected between $75.50 and $77.40 for the day.
In the domestic market on MCX, gold is projected to find support in the Rs 1,48,400 to Rs 1,47,700 range, with resistance levels at Rs 1,50,100 to Rs 1,50,850. Silver, meanwhile, is likely to hold support between Rs 2,41,000 and Rs 2,38,800, while facing resistance in the Rs 2,46,600 to Rs 2,50,000 band.
He suggested that investors should wait for clearer stability before initiating new positions, adding that prices may continue to move within a limited range ahead of the release of the US non-farm payroll data later this week.
He believes that both gold and silver are likely to remain unstable in the near term, influenced by movements in the dollar index, fluctuations in crude oil prices, and ongoing uncertainty surrounding a possible US-Iran agreement.
For gold, he identified a support zone between $4,500 and $4,470, with resistance seen in the $4,574 to $4,610 range per troy ounce. In the case of silver, support is placed between $72 and $70, while resistance is expected between $75.50 and $77.40 for the day.
In the domestic market on MCX, gold is projected to find support in the Rs 1,48,400 to Rs 1,47,700 range, with resistance levels at Rs 1,50,100 to Rs 1,50,850. Silver, meanwhile, is likely to hold support between Rs 2,41,000 and Rs 2,38,800, while facing resistance in the Rs 2,46,600 to Rs 2,50,000 band.
He suggested that investors should wait for clearer stability before initiating new positions, adding that prices may continue to move within a limited range ahead of the release of the US non-farm payroll data later this week.
09:48 (IST) May 05
Gold Rate Today: Gold, silver prices flat
Gold and silver began Tuesday’s session on a largely flat note on the Multi Commodity Exchange of India, as persistent inflation concerns continued to cloud expectations around U.S. monetary policy. Investors also remained cautious, closely tracking developments related to the ongoing US-Iran negotiations.
Geopolitical tensions, however, stayed high. Iran carried out fresh attacks in the Gulf on Monday in response to US actions, with both sides continuing their struggle for control over the Strait of Hormuz—a vital corridor that typically handles nearly one-fifth of the world’s daily oil and gas shipments.
In the domestic derivatives market, MCX silver futures for July 2026 delivery slipped by Rs 632 to Rs 2,43,263 per kilogram. Meanwhile, gold futures for June 2026 delivery edged higher by Rs 611 to Rs 1,49,950 per 10 grams. In the previous session, silver had declined by 3%, while gold registered a fall of 1.3%.
Geopolitical tensions, however, stayed high. Iran carried out fresh attacks in the Gulf on Monday in response to US actions, with both sides continuing their struggle for control over the Strait of Hormuz—a vital corridor that typically handles nearly one-fifth of the world’s daily oil and gas shipments.
In the domestic derivatives market, MCX silver futures for July 2026 delivery slipped by Rs 632 to Rs 2,43,263 per kilogram. Meanwhile, gold futures for June 2026 delivery edged higher by Rs 611 to Rs 1,49,950 per 10 grams. In the previous session, silver had declined by 3%, while gold registered a fall of 1.3%.
08:38 (IST) May 05
Gold Rate Today: Gold price movement yesterday
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association.
Market participants noted that gold came under pressure in a relatively thin trading environment, as investors continued to evaluate the implications of elevated energy prices and persistent uncertainty surrounding negotiations between the United States and Iran. Higher crude prices have strengthened expectations that interest rates may stay elevated for a longer period, with the possibility of additional tightening later in the year.
This outlook has supported the US dollar as well as Treasury yields, both of which moved higher during the session and weighed on precious metal prices.
Meanwhile, silver recorded a gain of Rs 6,800, or 2.8%, to settle at Rs 2,49,500 per kg (inclusive of all taxes), up from Rs 2,42,700 per kg in the previous session, as per the association’s data.
In the international market, however, spot silver declined 2.55% to $73.43 per ounce, while gold fell by $49.27, or 1.07%, to $4,565.68 per ounce.
Gold continued to trade on the weaker side globally, hovering around $4,560 per ounce, as rising crude oil prices—amid ongoing uncertainty in the Strait of Hormuz—kept sentiment cautious. Although oil prices had briefly eased after US President Donald Trump announced “Project Freedom” to facilitate the movement of vessels through the Strait, the lack of clarity around the initiative led to renewed buying in crude.
At the same time, comments from a senior Iranian lawmaker describing US involvement in the Strait as a breach of a fragile ceasefire added to geopolitical concerns, keeping investors wary and markets on edge.
Market participants noted that gold came under pressure in a relatively thin trading environment, as investors continued to evaluate the implications of elevated energy prices and persistent uncertainty surrounding negotiations between the United States and Iran. Higher crude prices have strengthened expectations that interest rates may stay elevated for a longer period, with the possibility of additional tightening later in the year.
This outlook has supported the US dollar as well as Treasury yields, both of which moved higher during the session and weighed on precious metal prices.
Meanwhile, silver recorded a gain of Rs 6,800, or 2.8%, to settle at Rs 2,49,500 per kg (inclusive of all taxes), up from Rs 2,42,700 per kg in the previous session, as per the association’s data.
In the international market, however, spot silver declined 2.55% to $73.43 per ounce, while gold fell by $49.27, or 1.07%, to $4,565.68 per ounce.
Gold continued to trade on the weaker side globally, hovering around $4,560 per ounce, as rising crude oil prices—amid ongoing uncertainty in the Strait of Hormuz—kept sentiment cautious. Although oil prices had briefly eased after US President Donald Trump announced “Project Freedom” to facilitate the movement of vessels through the Strait, the lack of clarity around the initiative led to renewed buying in crude.
At the same time, comments from a senior Iranian lawmaker describing US involvement in the Strait as a breach of a fragile ceasefire added to geopolitical concerns, keeping investors wary and markets on edge.
08:38 (IST) May 05
Silver Rate Today: Silver price movement yesterday
Silver prices witnessed a sharp rise in the national capital on Monday, climbing by Rs 6,800 to reach Rs 2.49 lakh per kilogram, driven by robust demand from jewellers and stockists even as global trends remained under pressure.
08:37 (IST) May 05
Gold Rate Today: Gold outlook
“Gold traded weak on Monday, declining around ₹1500 to ₹149900, while COMEX gold slipped to $4566, down nearly $50, as rising crude prices continued to pressure bullion. Elevated oil prices are keeping inflation expectations high, which in turn supports a higher interest rate outlook, limiting gold’s upside.
Markets are now focused on this week’s US Non-Farm Payrolls and unemployment data, which could further influence dollar strength and add pressure on gold.
In the near term, gold is expected to remain volatile with a slight downside bias, with support near ₹148500 and resistance around ₹151000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Markets are now focused on this week’s US Non-Farm Payrolls and unemployment data, which could further influence dollar strength and add pressure on gold.
In the near term, gold is expected to remain volatile with a slight downside bias, with support near ₹148500 and resistance around ₹151000,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
08:36 (IST) May 05
Silver Rate Today: Silver sees marginal rise
Silver saw a marginal rise of 0.1% to $72.76 per ounce, platinum gained 0.5% to $1,954.80, and palladium advanced 0.8% to $1,491.84.
08:35 (IST) May 05
Gold Rate Today: Gold largely unchanged
In early trade, spot gold edged up 0.2% to $4,528.99 per ounce as of 0059 GMT, recovering slightly after a sharp decline of more than 2% in the previous session, when it had dropped to its lowest level since March 31. US gold futures for June delivery also saw a modest uptick, rising 0.1% to $4,538.20.
Meanwhile, oil prices eased by more than 1% after markets weighed the impact of these disruptions alongside reports that a US-flagged vessel operated by Maersk had successfully navigated the Strait under military escort, offering some relief over supply concerns.
Meanwhile, oil prices eased by more than 1% after markets weighed the impact of these disruptions alongside reports that a US-flagged vessel operated by Maersk had successfully navigated the Strait under military escort, offering some relief over supply concerns.
Gold, Silver Rate Today Live Updates: Investor positioning in gold-backed funds remained steady, with holdings in the SPDR Gold Trust—the world’s largest such exchange-traded fund—unchanged at 1,040.66 metric tons as of Friday.
On the policy front, New York Federal Reserve President John Williams indicated that the current monetary stance remains well-positioned to manage heightened uncertainty stemming from the Middle East conflict. He added that once inflationary pressures begin to subside, the central bank could shift its focus back toward lowering interest rates. In contrast, US President Donald Trump reiterated his view that borrowing costs remain too high, continuing his push for rate cuts.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
On the policy front, New York Federal Reserve President John Williams indicated that the current monetary stance remains well-positioned to manage heightened uncertainty stemming from the Middle East conflict. He added that once inflationary pressures begin to subside, the central bank could shift its focus back toward lowering interest rates. In contrast, US President Donald Trump reiterated his view that borrowing costs remain too high, continuing his push for rate cuts.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
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