Silver, gold open flat as investors assess Iran war peace deal uncertainty. Where are precious metals headed?

June 2, 2026

Gold and silver prices were largely steady on MCX on Tuesday, with gains capped by a stronger U.S. dollar and higher crude oil prices as markets awaited U.S. President Donald Trump’s decision on extending the Iran ceasefire. MCX silver futures for July 2026 rose Rs 167 to Rs 2,66,350 per kg, while gold futures for June 2026 gained Rs 258 to Rs 1,59,499 per 10 grams.

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