Mumbai, April 27: Gold and silver opened with slight gains on Monday amid ongoing tensions between the US and Iran. In early trading, both precious metals were trading within a limited range.
On the Multi Commodity Exchange (MCX), the June 5, 2026 contract for gold opened at ₹152,695, slightly lower than the previous closing of ₹152,699. By 9:51 AM, it had risen by ₹251, or 0.16%, reaching ₹152,950. During the trading session, gold hit a low of ₹152,640 and a high of ₹153,008.
The May 5, 2026 contract for silver opened at ₹243,675, down from the last closing of ₹244,636. Currently, it has increased by ₹433, or 0.18%, to ₹245,069. Silver’s trading range so far has seen a low of ₹243,253 and a high of ₹245,473.
Internationally, gold and silver are experiencing flat trading. On COMEX, gold is up by 0.02% at $4,742 per ounce, while silver has seen a slight decline of 0.05%, trading at $76 per ounce.
Tensions in the Middle East remain high. However, Iran has proposed a new peace initiative to the US aimed at reopening the Strait of Hormuz and ending the conflict. Reports indicate that diplomatic efforts between the two nations have stalled following the cancellation of proposed talks in Islamabad last week.
Amid global instability, gold and silver have provided impressive returns for investors over the past year. Gold has gained over 40% in the last year and more than 18% in the past six months. Meanwhile, silver has delivered returns exceeding 128% over the past year and over 61% in the last six months.
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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