Gold and silver in India eased on MCX as a stronger US dollar pressured prices. Traders are watching potential US-Iran talks this weekend, with analysts flagging volatility risk from oil and currency swings. While MCX quotes softened, physical gold in major Indian cities held steady. Key technical levels point to cautious buy-the-dip strategies.
Gold and silver prices fell in India on Tuesday as a firmer US dollar weighed on bullion and safe-haven demand eased with cautious optimism over US-Iran peace talks. By midday, 24K gold slipped to around ₹1,55,280 per 10 grams, while silver dropped nearly 1% to about ₹2,50,210 per kg on the MCX.
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Gold and silver prices tumbled on MCX, with silver falling about Rs 6,100 and gold dipping around Rs 1,000. Analysts link the move to higher crude oil prices and uncertainty over US-Iran peace talks, adding pressure from expectations of prolonged high interest rates. Traders see volatility ahead and suggest booking profits and buying only on dips, tracking dollar and inflation cues.
Gold and silver climbed on MCX as the US signalled an indefinite extension of the Iran war ceasefire, easing inflation fears. Traders are bracing for sharp moves as currency swings and oil-price volatility feed into commodities. Analysts point to clear technical support and resistance zones, but elevated global prices and shifting domestic trends keep caution high for buyers.
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