Mumbai, April 22: Gold and silver prices experienced a notable increase on Wednesday, with both precious metals rising by more than one percent amid the extension of the ceasefire between the United States and Iran.
At 10:30 AM on the Multi Commodity Exchange (MCX), the June 5, 2026 gold contract rose by 1.01 percent, or ₹1,535, reaching ₹153,206. During the trading session, gold touched a low of ₹153,052 and a high of ₹153,699.
Meanwhile, the May 5, 2026 silver contract saw a gain of 1.74 percent, or ₹4,247, trading at ₹248,948. Silver prices fluctuated between a low of ₹248,717 and a high of ₹249,423 during the session.
Internationally, gold and silver prices also showed upward trends. As of the time of writing, gold was up by 1.13 percent at $4,773.21 per ounce on COMEX, while silver increased by 1.97 percent to $77.99 per ounce.
The rise in gold and silver prices is attributed to growing global instability. The US has extended the ceasefire deadline with Iran, although no specific duration has been disclosed for the extension.
US President Donald Trump noted a lack of unity in Iran’s current leadership and government. In response, Pakistani Prime Minister Shahbaz Sharif and Army Chief Asim Munir urged him to delay attacks on Iran, allowing more time for peace talks.
This situation has heightened global uncertainty, leading to increased demand for gold and silver, which are traditionally viewed as safe-haven assets.
Leave a Comment