There is a rise in silver prices today. Silver has suddenly become costlier by around Rs 7,700 on MCX. At the same time, gold prices have also increased. On Wednesday, the prices of gold and silver increased rapidly in the Multi Commodity Exchange of India. Let us tell you about the rates of gold and silver.
In the domestic market, silver prices on MCX for delivery in July 2026 rose by Rs 7,684, or 3.1%, to Rs 2,52,000 per kg. At the same time, the price of gold for delivery in June 2026 increased by Rs 2,429 to Rs 1,52,182 per 10 grams. In the previous session, both silver and gold closed with gains
US President Donald Trump indicated progress towards ending the conflict. Trump said on Tuesday that the operation to safely evacuate ships from the Strait of Hormuz would be halted for some time. He attributed this to the progress being made towards a comprehensive agreement with Iran, although he did not give any specific information. There was no immediate response from Tehran. Overall, an atmosphere of uncertainty still prevails and whenever such a situation arises, it supports gold and silver.
Gold and silver on global label
Oil prices still remain high, but fell for the second consecutive session and fell below $ 110 per barrel. Rising prices increase the fear of inflation, which in turn increases the likelihood of higher interest rates. Globally, spot gold rose 1.7% to $4,633.31 an ounce by 0225 GMT. At the same time, if we talk about the futures market, the American gold futures for June delivery increased by 1.7% to $4,643.20. Spot silver rose 2.7% to $74.80 an ounce.
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