Mumbai, May 22: Gold and silver opened with slight declines on Friday, trading within a limited range amid ongoing global instability.
On the Multi Commodity Exchange (MCX), the June 5, 2026 contract for gold opened at ₹159,498, down ₹108 from its previous closing of ₹159,606.
By 9:56 AM, gold had weakened by ₹405, or 0.25%, trading at ₹159,201. During the session, gold reached a low of ₹158,816 and a high of ₹159,498.
Silver also experienced a downturn. The July 5, 2026 contract for silver opened at ₹273,800, down ₹1,083 from its last closing of ₹274,883.
As of the report, silver was trading at ₹274,350, reflecting a decline of ₹533, or 0.19%. In the current session, silver hit a low of ₹273,266 and a high of ₹275,000.
Internationally, precious metal prices are also showing weakness. Gold on COMEX was down 0.37% at $4,527 per ounce, while silver fell 0.18% to $76.88 per ounce.
The period of global instability continues. However, there are signs of easing tensions from Iran. According to the Iranian news agency ISNA, negotiations between Tehran and Washington are ongoing through intermediaries, with both sides exchanging messages and drafts to establish a formal framework for ending the conflict.
Additionally, the Indian stock market opened positively, with both major indices, Sensex and Nifty, showing gains.
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