Gold Hits ₹1.54L, Silver Soars Over ₹2.8L on MCX

Tuesday brought fresh gains to India's gold and silver markets, with prices opening strong on MCX amid a backdrop of international jitters. June 2026 gold futures debuted at ₹1,53,999, reflecting a 0.22% or ₹336 rise from the prior ₹1,53,663 settlement. At 10 AM, it stood at ₹1,54,224 (up 0.37%, ₹561), having tested ₹1,53,851 low and ₹1,54,243 high so far. Silver's ascent was steeper: July 2026 contracts opened at ₹2,80,229, gaining 0.70% (₹1,988) from ₹2,78,311. Trading later showed it at ₹2,82,006—a 1.33% leap of ₹3,695—with peaks at ₹2,82,755 and troughs at ₹2,79,244. Overseas, Comex mirrored the uptrend: gold +0.08% to $4,733/oz, silver +1.05% to $86/oz. Geopolitical flare-ups are the catalyst. Trump's rebuff of an Iran peace deal has amplified tensions around nuclear issues, sanctions, and missiles. Safe-haven demand has propelled gold to 47% one-year and 12% six-month dollar returns; silver's yields are stellar at 166% annually and 63%+ in half a year. This momentum could sustain if conflicts escalate, but watch for profit-taking. Investors are positioning for prolonged volatility, making these metals essential in uncertain times. Stay tuned for intraday updates as markets evolve.