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New Delhi: Prices of Gold and Silver increased on Wednesday. At the time of writing this article, the yellow metal jumped by around 1% on MCX. The contract expiring on June 5, 2026 became costlier and crossed Rs 1,53,126. Silver prices went up by more than 1.5%. After this increase, the silver contract expiring on June 5, 2026 crossed the level of Rs 2,48,663.

On April 22, Gold price became costlier by Rs 1,600 per kilogram, reaching Rs 1,53,620, while Silver rate jumped by Rs 3,940, reaching Rs 2.5 lakh per kg.

Gold Price today

Gold held below $4,750 per ounce on Wednesday after falling more than 2% in the previous session, with prices now down about 10% since the conflict began. The collapse of US-Iran peace talks, despite an extended ceasefire, maintained geopolitical uncertainty, while the Strait of Hormuz remained shut. Additional downside pressure came from a stronger dollar and developments around Federal Reserve leadership, where nominee Kevin Warsh emphasized independence and the need for a new inflation framework. His relatively hawkish tone reduced bullion appeal, limiting safe-haven demand support.

Gold Prices in India today

Source: GoodReturns

Silver Price today

Silver held below $78 per ounce on Wednesday after falling nearly 4% in the previous session, with prices now down about 17% since the conflict began. The collapse of US-Iran peace talks, despite a ceasefire extension, kept geopolitical uncertainty high, while the Strait of Hormuz remained closed amid ongoing tensions. Additional pressure came from a stronger dollar following developments around the Federal Reserve leadership, where nominee Kevin Warsh signaled an independent and relatively hawkish stance. His remarks on addressing persistent inflation further weighed on silver, limiting its upside despite safe-haven demand factors.

Silver prices in India today

Source: GoodReturns

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