<p><strong><a href="https://www.mid-day.com/business/business-news/article/gold-and-silver-trade-steady-ahead-of-us-fed-decision-amid-cautious-sentiment-23628021" rel="nofollow">Gold </a></strong>and silver prices climbed on Thursday, supported by rising crude oil prices and renewed geopolitical tensions in West Asia. The sharp movement reflects increased demand for safe-haven assets amid global uncertainty.</p>
<p>In India, trading on the Multi Commodity Exchange (MCX) showed strong momentum in both metals during the session, reported IANS.</p>
<h2>Prices in Mumbai</h2>
<p>In Mumbai spot markets, precious metals were quoted with standard gold (99.5 purity) stood at Rs 1,48,057 per 10 grams and pure gold (99.9 purity) was priced at Rs 1,48,652 per 10 grams, reported PTI.</p>
<p>Silver spot stood at Rs 2,36,882 per kg.</p>
<h2>Gold crosses Rs 1.51 lakh mark during trade</h2>
<p>Gold futures for June 5 opened at Rs 1,49,499 per 10 grams, slightly higher than the previous close of Rs 1,49,050.</p>
<p>As the session progressed, prices moved higher, touching an <strong><a href="https://www.mid-day.com/business/business-news/article/us-israel-attack-iran-gold-silver-prices-decline-up-to-2-pc-as-west-asia-conflict-push-crude-above-usd-110-23627836" rel="nofollow">intra-day</a></strong> high of Rs 1,51,514 before settling around Rs 1,50,770 at midday up nearly 1.15 per cent.</p>
<p>On the domestic front, standard gold (99.5 purity) was at Rs 1,48,057, while pure gold (99.9 purity) stood at Rs 1,48,652.</p>
<p>The movement shows continued strength in gold, driven by global risk sentiment and investor demand for safety.</p>
<h2>Silver also gains amid volatile trade</h2>
<p><strong><a href="https://www.mid-day.com/business/business-news/article/indias-gold-buying-sees-structural-shift-investment-demand-set-to-hit-40-pc-by-fy27-report-23627721" rel="nofollow">Silver</a></strong> followed a similar trend. July futures opened at Rs 2,40,784 per kg, up from the previous close of Rs 2,38,254.</p>
<p>During the session, silver hit an intra-day high of Rs 2,44,000 before easing to around Rs 2,38,900, still marginally higher than the previous close.</p>
<p>In Mumbai spot markets, silver was quoted at Rs 2,36,882 per kg.</p>
<h2>Global uncertainty drives rally</h2>
<p>International markets also reflected mild gains. On <strong><a href="https://www.mid-day.com/mumbai/mumbai-crime-news/article/mumbai-24-women-held-after-dri-foils-major-gold-smuggling-attempt-at-mumbai-airport-23625079" rel="nofollow">COMEX</a></strong>, gold traded slightly higher at around USD 4,563 per ounce, while silver rose to USD 72.40 per ounce.</p>
<p>The conflict has raised fears of broader instability in energy and financial markets. US President Donald Trump has stated that pressure will continue until Iran agrees on its nuclear programme, while Iran has maintained its stance despite offering peace proposals.</p>
<p>As per IANS reports, a commodity market expert noted that sentiment remains fragile, saying the near-term outlook for metals is &ldquo;cautious to bearish&rdquo; due to dollar strength and macroeconomic uncertainty.</p>
<h2>Strong long-term gains continue</h2>
<p>Despite short-term volatility, precious metals have seen strong gains over the past year. Gold prices are up more than 40 per cent, while silver has surged over 120 per cent, driven by sustained global uncertainty and investor demand.</p>
<p><strong>(With IANS Inputs)</strong></p>

US Israel attack Iran: Gold, silver prices rose up to around 2 pc on Thursday as escalating tensions and rising crude oil prices boosted safe-haven demand

US Israel attack Iran: Gold and silver jump up to 2 per cent as West Asia conflict fuels safe-haven demand

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Gold, silver prices rose up to around 2 pc on Thursday. Gold on MCX crossed Rs 1.51 lakh per 10 grams during intraday trade, while silver touched Rs 2.44 lakh per kg

Gold, silver jump up to 2 per cent as West Asia tensions fuel safe-haven demand

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