New Delhi, May 11: Global instability has led to a mixed start for gold and silver trading on Monday. While gold opened in the red, silver showed positive signs.
On the Multi Commodity Exchange, the gold contract for June 5, 2026, opened at ₹152,487, a slight decline of ₹43 from the previous closing of ₹152,530. The decline continued, reaching ₹151,900 by 10 AM, marking an intraday low with a drop of ₹630 or 0.41%. The highest level recorded was ₹154,434.
In contrast, silver witnessed an upward trend. The silver contract for July 3, 2026, opened at ₹264,535, up ₹2,613 or 1% from the last closing of ₹261,922. As of the latest update, silver was trading at ₹262,611, reflecting an increase of ₹689 or 0.26%. During the trading session, silver touched a low of ₹262,003 and a high of ₹264,922.
In international markets, gold and silver prices have seen a decline. On Comex, gold was down by over 1% at $4,678 per ounce, while silver showed a slight increase of 0.04% at $80 per ounce.
This global instability is attributed to U.S. President Donald Trump’s rejection of a peace proposal from Iran. Reports indicate that Iran sent a peace proposal via Pakistan, which included discussions on ending the war, reopening the Strait of Hormuz, and negotiations on its nuclear program. However, the U.S. remains firm on demands such as handing over uranium, leading to heightened tensions between the two nations. Trump stated on social media that he found the Iranian representatives’ response unsatisfactory and unacceptable.
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Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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