Mumbai, May 19: Gold prices opened flat on Tuesday amid ongoing global instability. In early trading, gold was seen fluctuating within a limited range.
The Multi Commodity Exchange (MCX) reported that the June 5, 2026 contract for gold opened at ₹159,899, up by ₹498 or 0.31% from the previous closing of ₹159,401.
By 10 AM, gold had slightly increased by ₹20, reaching ₹159,421. During the trading session, it touched a low of ₹159,161 and a high of ₹159,899.
In contrast, silver prices showed weakness. The July 3, 2026 contract for silver opened at ₹276,271, down by ₹380 from the previous closing of ₹276,651.
As of the latest updates, silver was trading at ₹274,300, reflecting a decline of ₹2,351 or 0.85%. The session saw silver hitting a low of ₹274,236 and a high of ₹276,666.
Internationally, both gold and silver prices are experiencing a downturn. Currently, gold is priced at $4,542 per ounce, down by 0.35%, while silver has fallen by 1.32% to $76.47 per ounce.
The ongoing tension between the U.S. and Iran continues to create global instability. Recently, the U.S. postponed an attack on Iran, leading to a slight easing in crude oil prices.
U.S. President Donald Trump announced on social media that, following suggestions from Qatar, Saudi Arabia, and the UAE, the U.S. decided to delay the planned attack on Iran. He also hinted at ongoing peace talks with Iran.
Additionally, both gold and silver have provided impressive returns to investors over the past year, with gold yielding approximately 40% and silver around 135%.
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