Amidst global volatility, gold and silver opened with a slight decline on Friday, and during early trading, both precious metals remained within a limited range.
On the Multi Commodity Exchange (MCX), the gold contract for June 5, 2026, opened at ₹159,498—marking a marginal decline of ₹108 compared to its previous close of ₹159,606.
At 9:56 AM, it was trading at ₹159,201, down by ₹405 or 0.25 percent. So far in the trading session, gold has touched a low of ₹158,816 and a high of ₹159,498.
Along with gold, weakness was also observed in silver. The silver contract for July 5, 2026, opened at ₹273,800—down by ₹1,083 compared to its previous close of ₹274,883.
At the time of writing, silver was trading at ₹274,350, reflecting a decline of ₹533 or 0.19 percent. So far in the trading session, silver has recorded a low of ₹273,266 and a high of ₹275,000.
Internationally, a downward trend is being observed in the prices of precious metals. On COMEX, gold was trading lower by 0.37 percent at $4,527 per ounce, while silver was down by 0.18 percent at $76.88 per ounce.
A phase of global volatility continues. However, there are indications that tensions are easing on the part of Iran. The Iranian news agency ISNA reports that negotiations between Tehran and Washington are ongoing through intermediaries, with both sides exchanging messages and drafts in an effort to establish a formal framework for an agreement to end the conflict.
