Mumbai, April 28: Gold and silver opened lower on Tuesday, with both precious metals experiencing a decline of nearly half a percent.
On the Multi Commodity Exchange (MCX), the June 5, 2026 gold contract opened at ₹151,700, down from the previous closing of ₹151,721. By 9:50 AM, it had fallen by 0.14 percent, or ₹207, to ₹151,514. During trading, gold reached a low of ₹151,500 and a high of ₹151,802.
Meanwhile, the May 5, 2026 silver contract opened at ₹240,490, compared to the previous closing of ₹241,824. Currently, it is down by 0.59 percent, or ₹1,424, trading at ₹240,400. Silver has seen a low of ₹240,218 and a high of ₹241,250 during the session, indicating that both gold and silver are trading within a limited range.
Internationally, gold and silver prices have also seen a decline. On COMEX, gold is down by 0.27 percent, trading at $4,680 per ounce, while silver has dropped by 0.73 percent to $74.48 per ounce.
Over the past year, gold has provided a return of over 40 percent in dollars, while silver has surged by more than 126 percent.
Tensions between the US and Iran remain high, with significant fluctuations in peace talks. The US has rejected Iran’s peace proposal, which included Iran’s willingness to open the Strait of Hormuz and engage in nuclear program discussions after the lifting of US maritime sanctions. However, the US believes that both issues should be resolved together to avoid weakening its position.
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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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