Mumbai, April 15: Gold and silver prices saw a significant increase on Wednesday, following indications of easing tensions between the United States and Iran.
On the Multi Commodity Exchange (MCX), the June 5, 2026 gold contract rose by 0.05% to reach ₹154,899. During trading, gold hit a low of ₹154,404 and a high of ₹154,899.
Meanwhile, the silver contract for May 5, 2026, increased by 0.52%, trading at ₹254,076. Silver recorded a low of ₹253,310 and a high of ₹255,617 during the session.
Experts suggest that if gold surpasses ₹155,000, it could potentially rise to the ₹157,000-₹158,000 range. An analyst stated, “In the event of a decline, if it falls below ₹154,000, it could drop to ₹152,000 and possibly ₹150,000.”
Another market expert noted that the resistance level for silver is between ₹260,000 and ₹263,000. If it breaks through this level, silver could rise to ₹268,000-₹270,000.
Internationally, gold and silver also experienced gains. Gold was up by 0.05% at $4,852 per ounce, while silver increased by 0.57% to $79.99 per ounce.
U.S. President Donald Trump indicated that discussions aimed at reducing tensions between the U.S., Israel, and Iran could commence within the next two days, with talks potentially resuming in Pakistan.
This development follows the failure of negotiations over the weekend, which led Washington to impose a blockade on Iranian ports. This blockade raised concerns about supply disruptions following the closure of the Strait of Hormuz.
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