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- Gold, Silver Rate Today Live Updates: MCX Gold drops, MCX Silver rises; international gold prices slip on inflation concerns, rising crude prices & US-Iran talks uncertainty
THE TIMES OF INDIA | Jun 01, 2026, 23:14:19 IST
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Gold, Silver Rate Today Live Updates: MCX Gold drops, MCX Silver rises; international gold prices slip on inflation concerns, rising crude prices & US-Iran talks uncertainty
Gold, Silver Rate Today Live Updates: Gold prices are expected to take cues this week from developments in US-Iran talks, movements in crude oil markets and a series of key economic indicators, according to market analysts.
They also believe that remarks from US Federal Reserve officials could play a crucial role in shaping expectations around interest rates, which in turn may influence the near-term trajectory of bullion. Gold and silver prices have continued to be volatile since the start of the US-Iran war as investors move their money to US dollar assets seeking shelter, and raising questions on gold’s safe haven status. Experts believe that the long-term bull run of gold is intact, though in the near term prices will continue to be influenced by geopolitical uncertainty.
They also believe that remarks from US Federal Reserve officials could play a crucial role in shaping expectations around interest rates, which in turn may influence the near-term trajectory of bullion. Gold and silver prices have continued to be volatile since the start of the US-Iran war as investors move their money to US dollar assets seeking shelter, and raising questions on gold’s safe haven status. Experts believe that the long-term bull run of gold is intact, though in the near term prices will continue to be influenced by geopolitical uncertainty.
LIVE RATES · INDIA
12:19:01 am
23:14 (IST) Jun 01
Gold falls nearly 2% with inflation worries rising on Middle East conflict
Gold prices fell nearly 2% on Monday as escalating tensions in the Middle East heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer.
Spot gold was down 1.9% at $4,451.65 per ounce as of 10:01 a.m. EDT (1401 GMT) after hitting a two-week high on Friday.
US gold futures fell 2.5% to $4,479.20.
The US dollar firmed, making metals priced in the currency more expensive for holders of other currencies.
22:53 (IST) Jun 01
21:32 (IST) Jun 01
Gold futures fall over 1% on MCX; August contract drops Rs 1,932 per 10 gm
Gold futures ended lower on the Multi Commodity Exchange (MCX) on Monday, with the most-active August 2026 contract declining 1.2%, or Rs 1,932, to Rs 1,58,979 per 10 grams. Weakness was visible across maturities, with the June and October contracts also falling more than 1%. The August contract witnessed robust trading activity, clocking a turnover of over Rs 7,294 crore and open interest of 8,281 lots. The December contract saw the sharpest percentage decline, falling 2.81%, though trading volumes remained thin.
19:26 (IST) Jun 01
Silver futures tumble over 1% on MCX, July contract sheds Rs 3,361 per kg
Silver futures declined sharply on the Multi Commodity Exchange (MCX) on Monday, with the benchmark July 2026 contract falling 1.26% or Rs 3,361 to settle at Rs 2,63,637 per kg. The September and December contracts also ended lower by over 1%, tracking broad-based weakness in precious metals. Trading volumes remained highest in the July contract, which recorded turnover of over Rs 3,800 crore and open interest of 10,355 lots.
18:51 (IST) Jun 01
Gold declines Rs 2,500 to Rs 1.6 lakh/10g amid fresh US-Iran tensions
Gold prices retreated by Rs 2,500 to Rs 1.60 lakh per 10 grams in the national capital on Monday, tracking losses in global markets as renewed military exchanges between the US and Iran spiked crude oil rates.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated by Rs 2,500, 1.53 per cent, to Rs 1,60,400 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,62,900 per 10 grams.
Silver prices also weakened sharply, falling Rs 5,000, or nearly 2 per cent, to Rs 2,69,700 per kilogram (inclusive of all taxes). The white metal had settled at Rs 2,74,700 per kg in the previous session.
17:50 (IST) Jun 01
Bengaluru closing bullion rates on Monday
1 gm Gold (22 Kt) – Rs. 14,750.
1 gm Gold (24 Kt) – Rs. 16,090.
Silver per kg – Rs. 2,79,100.
16:36 (IST) Jun 01
Gold futures drop to Rs 1,59,827/10g
Gold prices on Monday dropped Rs 1,084 to Rs 1,59,827 per 10 grams in futures trade amid a fall in spot demand.
On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by Rs 1,084, or 0.67 per cent, at Rs 1,59,827 per 10 grams in a business turnover of 992 lots.
Analysts attributed the fall in gold prices to weak global cues.
15:40 (IST) Jun 01
Gold Rate Today: Gold falls as oil rises on escalating Middle East tensions
Spot gold is currently trading with a loss of around 1% at $4493 as US-Iran tensions have resurfaced. Consequently , oil prices are rallying yet again after recording the worst monthly decline in May since 2020.
The US military attacked Iranian radar and drone sites in the city of Goruk and the island of Qeshm over the weekend. Situation seems to be disconcerting as Kuwait reported hostile missile and drone attacks while Iran's IRGC claimed to launch retaliatory strikes on regional bases.
Israel has intensified its war on expanding Lebanon.
Although the US President continues to maintain that he is close to a deal with Iran, escalating geopolitical tensions are sending oil prices higher, which is stoking inflation concerns. Brent oil is up 3% at the moment.
Today's US data include ISM manufacturing (May) and construction spending (April).
Gold is expected to trade with a bearish bias unless oil prices come down and inflation concerns ease. Support is seen at $4450/$4400. Resistance is at $4550/$4600, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
The US military attacked Iranian radar and drone sites in the city of Goruk and the island of Qeshm over the weekend. Situation seems to be disconcerting as Kuwait reported hostile missile and drone attacks while Iran's IRGC claimed to launch retaliatory strikes on regional bases.
Israel has intensified its war on expanding Lebanon.
Although the US President continues to maintain that he is close to a deal with Iran, escalating geopolitical tensions are sending oil prices higher, which is stoking inflation concerns. Brent oil is up 3% at the moment.
Today's US data include ISM manufacturing (May) and construction spending (April).
Gold is expected to trade with a bearish bias unless oil prices come down and inflation concerns ease. Support is seen at $4450/$4400. Resistance is at $4550/$4600, says Praveen Singh, Head of Commodities at Mirae Asset ShareKhan.
14:04 (IST) Jun 01
Gold Rate Today: Gold futures down
Gold futures extended losses on Monday, with prices declining by Rs 1,084 per 10 grams amid subdued demand in the physical market.
On the Multi Commodity Exchange (MCX), August gold contracts were trading at Rs 1,59,827 per 10 grams, down 0.67% or Rs 1,084. Trading activity remained active, with 992 lots changing hands during the session.
Market participants attributed the decline largely to weak signals from overseas markets, which weighed on sentiment in domestic bullion trading.
In international markets, gold futures in New York were lower by 0.39%, trading at USD 4,522.52 an ounce.
On the Multi Commodity Exchange (MCX), August gold contracts were trading at Rs 1,59,827 per 10 grams, down 0.67% or Rs 1,084. Trading activity remained active, with 992 lots changing hands during the session.
Market participants attributed the decline largely to weak signals from overseas markets, which weighed on sentiment in domestic bullion trading.
In international markets, gold futures in New York were lower by 0.39%, trading at USD 4,522.52 an ounce.
12:08 (IST) Jun 01
Gold Rate Today: Chennai opening bullion rates on Monday
1 Gm Gold 22 Kt: Rs 14,500.00
1 Gm Gold 18 Kt: Rs 12,180.00
1 Gm Silver: Rs 290.00
1 Gm Gold 18 Kt: Rs 12,180.00
1 Gm Silver: Rs 290.00
10:15 (IST) Jun 01
Gold Rate Today: MCX Gold drops, MCX Silver rises
Gold and silver prices began the week on a mixed note on the Multi Commodity Exchange (MCX), as traders weighed the impact of a stronger US dollar and a sharp uptick in crude oil prices while awaiting clarity on a proposed extension of the ceasefire arrangement between the United States and Iran.
In domestic trading, silver futures for July 2026 delivery edged higher by Rs 1,095 to Rs 2,68,093 per kilogram. Gold futures for June 2026 delivery, however, declined by Rs 1,069 to Rs 1,54,513 per 10 grams. During the previous session, both precious metals had ended with losses of up to 1%.
Investor attention remains firmly focused on developments involving Iran. On Friday, US President Donald Trump indicated that a decision on extending the existing ceasefire agreement with Tehran could be announced soon. However, reports suggest that key disagreements between the two sides have yet to be resolved, keeping market participants cautious.
In domestic trading, silver futures for July 2026 delivery edged higher by Rs 1,095 to Rs 2,68,093 per kilogram. Gold futures for June 2026 delivery, however, declined by Rs 1,069 to Rs 1,54,513 per 10 grams. During the previous session, both precious metals had ended with losses of up to 1%.
Investor attention remains firmly focused on developments involving Iran. On Friday, US President Donald Trump indicated that a decision on extending the existing ceasefire agreement with Tehran could be announced soon. However, reports suggest that key disagreements between the two sides have yet to be resolved, keeping market participants cautious.
09:15 (IST) Jun 01
Gold Rate Today: What markets will watch out for this week
Gold prices traded steady as investors balanced ongoing uncertainty surrounding US-Iran ceasefire negotiations against rising inflation concerns and expectations of tighter monetary policy.
While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President Trump. At the same time, Israel has expanded military operations against Hezbollah in Lebanon, keeping geopolitical risks elevated across the region. Despite gold’s traditional safe-haven appeal, the metal has struggled to gain momentum as higher crude oil prices continue to fuel inflation concerns.
Oil prices rebounded after Israel’s latest military actions, reinforcing fears that energy costs could remain elevated and force the Federal Reserve to maintain a hawkish stance. Markets are increasingly pricing in the possibility of a Fed rate hike later this year, while the US Dollar Index and Yields also strengthened.
On the data front, China’s private manufacturing PMI for May came in stronger than expected, supported by resilient domestic and export demand. This week, market participants will closely monitor PMI readings from major economies, US labor market data, and the RBI’s interest rate decision for further direction in precious metals, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
While reports suggest US and Iran continue discussions on extending the current truce and reopening the Strait of Hormuz, key disagreements remain unresolved and any final agreement still requires approval from President Trump. At the same time, Israel has expanded military operations against Hezbollah in Lebanon, keeping geopolitical risks elevated across the region. Despite gold’s traditional safe-haven appeal, the metal has struggled to gain momentum as higher crude oil prices continue to fuel inflation concerns.
Oil prices rebounded after Israel’s latest military actions, reinforcing fears that energy costs could remain elevated and force the Federal Reserve to maintain a hawkish stance. Markets are increasingly pricing in the possibility of a Fed rate hike later this year, while the US Dollar Index and Yields also strengthened.
On the data front, China’s private manufacturing PMI for May came in stronger than expected, supported by resilient domestic and export demand. This week, market participants will closely monitor PMI readings from major economies, US labor market data, and the RBI’s interest rate decision for further direction in precious metals, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.
08:13 (IST) Jun 01
Gold Rate Today: Why are gold prices not rising too much?
Analysts have pointed to a strong recovery in global equity markets, continued outflows from exchange-traded funds and the absence of fresh positive catalysts as factors that have restricted gains in precious metals.
At the same time, lingering inflation concerns have reinforced expectations that major central banks could maintain a tighter policy stance for longer, reducing the attractiveness of non-yielding assets such as gold.
At the same time, lingering inflation concerns have reinforced expectations that major central banks could maintain a tighter policy stance for longer, reducing the attractiveness of non-yielding assets such as gold.
08:12 (IST) Jun 01
Gold Rate Today: Gold price outlook
Pranav Mer, Vice President of Commodity & Currency Research at JM Financial Services, said that the outlook for precious metals remains largely range-bound, with a possibility of further corrective movement in both gold and silver.
According to him, investors will closely track progress in negotiations between Washington and Tehran. With the ceasefire and talks reportedly extended by another 60 days, any breakthrough could further reduce safe-haven demand, potentially putting additional pressure on both gold and oil prices.
Mer noted that bullion has remained under pressure in recent weeks as crude oil prices corrected sharply and investors reduced their demand for traditional safe-haven assets amid signs of progress in US-Iran negotiations.
He added that representatives from both countries have acknowledged the existence of a preliminary framework for a potential agreement, although the proposal still requires approval from US President Donald Trump.
Mer said investors will begin the week by tracking manufacturing and services PMI data from major economies, while attention later in the week will shift to European GDP figures, US non-farm payrolls data and employment-related indicators.
According to him, investors will closely track progress in negotiations between Washington and Tehran. With the ceasefire and talks reportedly extended by another 60 days, any breakthrough could further reduce safe-haven demand, potentially putting additional pressure on both gold and oil prices.
Mer noted that bullion has remained under pressure in recent weeks as crude oil prices corrected sharply and investors reduced their demand for traditional safe-haven assets amid signs of progress in US-Iran negotiations.
He added that representatives from both countries have acknowledged the existence of a preliminary framework for a potential agreement, although the proposal still requires approval from US President Donald Trump.
Mer said investors will begin the week by tracking manufacturing and services PMI data from major economies, while attention later in the week will shift to European GDP figures, US non-farm payrolls data and employment-related indicators.
08:11 (IST) Jun 01
Gold Rate Today: Demand for physical gold weakens
Demand for physical gold remained subdued in India during the past week as elevated prices and import duties discouraged buying activity. In China, premiums narrowed as consumers adopted a more cautious approach toward purchases.
Meanwhile, data showed that speculative investors increased their bullish positions in gold, with net long holdings rising by 2,544 contracts to 96,931 during the week ended May 26.
Meanwhile, data showed that speculative investors increased their bullish positions in gold, with net long holdings rising by 2,544 contracts to 96,931 during the week ended May 26.
08:11 (IST) Jun 01
Gold Rate Today: Crude oil prices rise
Trump said on Friday that he would soon decide whether to approve a proposed extension of the ceasefire arrangement with Iran. However, major differences between the two sides reportedly remain unresolved.
Geopolitical tensions persisted after Israeli Prime Minister Benjamin Netanyahu announced that military operations against the Iran-backed Hezbollah group would be expanded deeper into Lebanon, despite a ceasefire that has been in place for more than six weeks.
Crude oil prices climbed over 2% in early trade, reviving concerns about inflation and its potential impact on monetary policy.
Geopolitical tensions persisted after Israeli Prime Minister Benjamin Netanyahu announced that military operations against the Iran-backed Hezbollah group would be expanded deeper into Lebanon, despite a ceasefire that has been in place for more than six weeks.
Crude oil prices climbed over 2% in early trade, reviving concerns about inflation and its potential impact on monetary policy.
08:11 (IST) Jun 01
Gold Rate Today: International gold prices slip
Gold prices edged lower on Monday as a firmer US dollar and a rise in crude oil prices reduced the appeal of the precious metal, while investors closely monitored developments surrounding a proposed extension of the Iran ceasefire agreement and awaited a decision from US President Donald Trump.
Spot gold slipped 0.2% to $4,527.36 per ounce as of 0156 GMT, retreating after touching a two-week high in the previous session. US gold futures declined 0.8% to $4,558.10 an ounce.
The strengthening dollar added pressure on bullion by making gold more expensive for buyers using other currencies.
Gold, Silver Rate Today Live Updates: Despite the recent weakness, bullion prices have found some support from bargain buying at lower levels, ongoing investor interest amid renewed Russia-Ukraine tensions and a relatively stable US dollar.
On the MCX, gold futures ended last week at Rs 1.55 lakh per 10 grams, down Rs 3,104 or nearly 2%. Silver futures also weakened, declining Rs 4,848 or 1.8% to settle at Rs 2.66 lakh per kilogram.
Market participants are expected to focus heavily on the health of the US economy and labour market in the coming days, with several major data releases likely to influence expectations around future Federal Reserve policy. On the domestic front, investors will also closely watch the Reserve Bank of India’s monetary policy decision scheduled for Friday.
(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 MCX, gold futures ended last week at Rs 1.55 lakh per 10 grams, down Rs 3,104 or nearly 2%. Silver futures also weakened, declining Rs 4,848 or 1.8% to settle at Rs 2.66 lakh per kilogram.
Market participants are expected to focus heavily on the health of the US economy and labour market in the coming days, with several major data releases likely to influence expectations around future Federal Reserve policy. On the domestic front, investors will also closely watch the Reserve Bank of India’s monetary policy decision scheduled for Friday.
(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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