Gold and silver prices jumped sharply on Monday after a preliminary peace agreement between the United States and Iran reduced uncertainty in global markets. Investors increased their exposure to precious metals, pushing both commodities higher for a third consecutive session.
Gold futures on India's MCX rose significantly, with prices gaining around ₹3,300 per 10 grams during the session. International gold prices also climbed close to a one-week high as the U.S. dollar weakened and bond yields fell.
Silver delivered even stronger gains, surging by approximately ₹7,200 per kilogram on the MCX. Analysts noted that silver continues to benefit from both safe-haven demand and strong industrial consumption, making it one of the best-performing commodities of 2026 so far.
Markets are now focused on the upcoming U.S. Federal Reserve policy meeting. Interest-rate decisions and comments from policymakers could influence the next major move in gold and silver prices. Lower rates generally support precious metals by reducing the opportunity cost of holding non-yielding assets.
Analysts expect volatility to remain high in the precious metals market. If economic uncertainty returns or central banks signal easier monetary policy, gold and silver could continue their upward trend through the second half of 2026.