Gold and Silver Rate Today: Live Updates
Gold prices in the international market are set for a second straight week of decline as the precious metal sees range-bound movement in the absence of clarity on the US-Iran conflict and high crude oil prices. Gold prices have continued to witness sharp fluctuations since the central government increased the import duty on precious metals to 15% last week. Following the announcement, gold recorded a steep single-day jump of Rs 8,550, reaching Rs 1,65,350 per 10 grams. In the sessions that followed, prices moved inconsistently between gains and declines.
Silver Rate Today: Spot Silver Drops
Spot silver dropped 0.5% to $76.32 per ounce, platinum declined 0.3% to $1,959.20, while palladium remained largely unchanged at $1,377.89 per ounce.
Gold Rate Today: All Eyes on Fed
Thomas Barkin, President of the Richmond Federal Reserve, said on Thursday that the response of businesses and consumers to continuing economic disruptions would determine whether the US Federal Reserve can overlook current inflation levels or may need to raise interest rates further. Fresh economic data showed that new unemployment benefit claims in the United States declined last week, reflecting continued strength in the labor market and allowing the Federal Reserve more flexibility to focus on rising inflation pressures linked to the conflict with Iran. According to CME Group's FedWatch tool, markets are currently factoring in the possibility of a Federal Reserve rate hike before the end of the year, with a 60% probability of an increase by December.
Gold Rate Today: Oil Prices Stay High
US Secretary of State Marco Rubio stated that negotiations with Iran had shown some good signs, although disagreements continued over Tehran's uranium reserves and authority over the Strait of Hormuz. US crude oil futures jumped by more than $1 in early Friday trading as investors remained doubtful about the chances of a major breakthrough in the ongoing peace discussions.
Gold Rate Today: International Gold Prices Set to End Week with Losses
Gold prices moved lower on Friday and were set to record a second straight weekly decline, as stronger crude oil prices and growing worries over inflation and tighter interest rates weakened investor interest in the precious metal. Spot gold slipped 0.2% to $4,534.29 per ounce by 0047 GMT. So far this week, the metal has declined around 0.1%. US gold futures for June delivery eased 0.1% to $4,535.60 per ounce.
Gold Rate Today: Domestic Market Round-Up for Thursday
Gold and silver prices moved slightly higher in the spot market on Thursday as traders maintained a cautiously positive outlook amid ongoing tensions between the US and Iran, while elevated global crude oil prices continued to fuel inflation concerns. In Delhi's spot market, gold with 99.9% purity extended its gains for a third consecutive session, increasing by Rs 600 to reach Rs 1,65,500 per 10 grams, inclusive of all taxes, according to local traders. Saumil Gandhi said gold remained firm on Thursday after recovering from recent lows, supported by improving optimism surrounding diplomatic discussions between the US and Iran, which helped strengthen sentiment in the bullion market. He further noted that investor sentiment improved as expectations rose that ongoing negotiations between the two countries could ease geopolitical tensions in the Middle East. Silver prices also rebounded after falling for two straight sessions, rising Rs 5,000 to Rs 2,71,000 per kilogram as investors returned to the metal following the recent sharp decline, according to market participants. Additional support for silver came from softer US Treasury bond yields.
JPMorgan Revises Gold Price Forecast for 2026
JPMorgan has recently revised its average gold price estimate for 2026 downward to $5,243 per ounce from the earlier forecast of $5,708. The bank cited weaker near-term demand, noting that investor interest in the metal had faded considerably. In a note released on Sunday, JPMorgan analysts said the slowdown was visible across multiple indicators, including subdued trading activity and stagnant demand trends. They pointed out that aggregate open interest and trading volumes in COMEX gold futures had stayed weak, managed money positioning had remained stuck at lower levels, and ETF inflows had been limited. The downgrade followed a similar move by ANZ last week, when the bank lowered its year-end gold price target to $5,600 per ounce. ANZ said higher inflation expectations, rising bond yields and continued dollar strength were likely to keep bullion prices under pressure. Even so, JPMorgan maintained a positive long-term view on gold, projecting prices to move closer to $6,000 per ounce by the end of 2026 as demand is expected to improve during the second half of the year.
Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
