Mumbai, April 14: Global gold and silver prices saw a significant rise on Tuesday. The ongoing tensions between the US and Iran, coupled with hints of diplomatic resolutions, led to an increase of up to 2 percent in the prices of these precious metals.
As of 10:39 AM in the international market, gold was trading at $4,789 per ounce, marking a 0.47 percent increase on Comex. Silver also experienced a rise of 1.90 percent, reaching $77 per ounce.
Previously, prices had dipped for two consecutive days due to the US decision to block the Strait of Hormuz. However, President Donald Trump announced that Iranian officials had reached out to his administration, expressing a willingness to negotiate a deal.
Reports indicate that Iranian President Masoud Pajeshkian has signaled Tehran’s readiness to continue peace talks within the framework of international law.
This development has also contributed to a decline in crude oil prices, which have fallen below $100 per barrel. Brent crude futures dropped by 2.77 percent to $96.6 per barrel, while WTI crude fell by over 3 percent to $95.69 per barrel.
The Indian stock and commodity markets are closed today in observance of Dr. B.R. Ambedkar Jayanti. However, the Multi Commodity Exchange (MCX) will operate normally from 5 PM to 11:30 PM. Regular trading on the stock market will resume on Wednesday, April 15, with the next holiday scheduled for May 1 in celebration of Maharashtra Day.
Despite the closure of Indian markets, global markets remain open. The markets in Tokyo, Jakarta, and Seoul were trading in the green, while the US markets closed with gains of over 1 percent on Monday.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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