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Mumbai, 21 April. A fall in gold and silver was seen in India on Tuesday. Both the precious metals were trading down by up to 0.68 percent in the early session. At 10:27 am on Multi Commodity Exchange (MCX), the price of gold contract for June 5, 2026 was down by 0.16 percent or Rs 243 at Rs 1,53,700. In the trading so far, gold has touched a low of Rs 1,53,675 and a high of Rs 1,53,922. Silver contract for May 5, 2026 was at Rs 2,50,769 with a weakness of 0.70 percent or Rs 1,776. In the trading so far, silver has touched a low of Rs 2,50,210 and a high of Rs 2,51,222.

A decline in gold and silver is also being seen in the international markets. Gold was down 0.43 percent at $ 4,807 an ounce and silver was down 1.44 percent at $ 78.885 an ounce. Manav Modi, Commodity Analyst at Motilal Oswal Financial Services, said an atmosphere of caution prevailed in the market due to uncertainty over the US-Iran ceasefire and upcoming macro events, due to which gold prices fell marginally.

He further said that there remained uncertainty in the market about whether new peace talks would be held before the ceasefire ends this week. Contradictory signals from both sides further increased the instability. US President Trump confirmed that a delegation led by Vice President JD Vance would visit Pakistan for talks, while Iranian officials indicated that talks were unlikely as long as the US naval blockade continued.

However, some reports also say that Tehran may participate in the talks through regional mediators. Recent military actions, including the US seizure of an Iranian-flagged ship, have further heightened geopolitical risks. One reason for the fall in gold and silver is believed to be the dollar index, which has strengthened to 97.94. Generally, whenever the dollar index strengthens, a decline is seen in gold and silver.