Gold-Silver Rates Update: Big Reversal in Gold and Silver Prices, Know What the Rates Are Now?

Gold and Silver Prices Today: Amidst the tense situation in the Middle East, gold and silver prices have been experiencing significant volatility in recent days. The major fluctuations in gold and silver rates have disrupted the budgets of households across the board. On Friday, specifically, gold and silver witnessed some extraordinary movements in the domestic market.

After a steady opening, both gold and silver recorded significant changes by the afternoon. Silver surged at a faster pace than gold, jumping by nearly 1 per cent. In contrast, gold rates saw a rise of less than 0.30 per cent. Before this, growing global unease had triggered a downward trend in both gold and silver prices; on Friday, a decline of up to 0.81 per cent was recorded.

Gold and Silver Prices in the Afternoon

In the Indian bullion market on Friday afternoon, around 1:30 PM, gold contracts for June 5 delivery were trading at ₹152,720—marking an increase of ₹460. Meanwhile, silver contracts for July 3 delivery were seen trading at ₹261,000, reflecting a surge of approximately 1 per cent, or ₹2,459.

Earlier in the morning, around 9:00 AM, on the Multi-Commodity Exchange (MCX), the gold contract for June 5, 2026, delivery was recorded at ₹152,672—an increase of ₹411 compared to its previous closing price of ₹152,261.

By 9:43 AM, the price had strengthened by ₹471 (or 0.31 per cent) to reach ₹152,732; during the trading session up to that point, gold had touched a low of ₹152,672 and a high of ₹153,103. On the other hand, the Silver contract for July 3, 2026, opened at ₹259,999—marking a gain of ₹1,445 compared to its previous close of ₹258,540. At 9:43 AM, it was trading at ₹260,658, reflecting a rise of ₹2,118, or 0.82 per cent.

Gold and Silver Prices in Global Markets

An upward trend is being observed in gold and silver prices across global markets. On COMEX, gold rose by 0.28 per cent to trade at $4,725 per ounce, while silver strengthened by 0.17 per cent to reach $80.30 per ounce. The surge in gold and silver prices is partly attributed to rising global instability. This increase has been fueled by the renewed escalation of tensions between the United States and Iran.