Business Desk – Gold Silver Price Today: Due to increasing uncertainties in the global market, today on June 1, 2026, an increase of about three percent was recorded in the prices of crude oil. This effect can also be seen in the form of decline in the commodity market. On the domestic commodity exchange, MCX, the price of gold at 9:15 am today was Rs 159,876 per 10 grams. Apart from this, the price of silver opened at Rs 266,929 per kg.
At 7:50 am Indian Standard Time on Monday, the first trading day of the week, gold prices on COMEX were stable at $4,556.50 an ounce after falling by $36.50, while silver prices were at $76.180 an ounce after a marginal gain of 0.45%. The far-reaching effects of this decline can be seen further.
Impact of changing conditions in the Middle East on commodity markets
A potential peace agreement between the United States and Iran failed to materialize. US President Donald Trump has sent back the proposal presented by Iran, adding some conditions to it. Iran wants to impose navigation fees on ships passing through the Strait of Hormuz, which the United States is opposing.
Tension seems to be increasing further after President Trump refused to sign the peace agreement. If Iran fails to accept American conditions, the United States could launch new attacks.
Amid growing uncertainties in West Asia, crude oil prices rose by almost three percent on the first trading day of the week today. The combined effect of rising crude oil prices and strengthening US Dollar Index is showing downward pressure on gold and silver prices.
Performance of gold and silver on MCX
On Friday—the last trading day of last week—gold prices on MCX closed at ₹156,600 per 10 grams, while silver prices closed at ₹268,500 per kg.
Gold rates on IBJA
The rate of 24-carat gold (999 purity) is Rs 15,646 per gram; The price of 22-carat gold is Rs 15,271 per gram; 20-carat gold is Rs 13,925 per gram. 18-carat gold is Rs 12,674 per gram. 4-carat gold is Rs 10,092 per gram.
Silver rates today in major cities of India
According to GoodReturns, today the price of 1 kg silver in the national capital Delhi, the country’s financial capital Mumbai, as well as Kolkata, Bhopal and Bengaluru is Rs 2,79,900. At the same time, the price of silver in Chennai is Rs 2,89,900 per kg.
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