Gold Price Today witnessed a sharp rise in Indian commodity markets on Monday, with precious metals gaining momentum after reports of a breakthrough US Iran Deal boosted optimism across global financial markets. While equities rallied and crude oil prices declined sharply, investors continued to monitor Gold Silver Prices as geopolitical developments reshaped market sentiment.
On the Multi Commodity Exchange (MCX), the MCX Gold Rate for August futures climbed 1.71% to ₹1,53,490 per 10 grams during morning trading. Silver also extended its gains, with MCX silver futures rising 0.94% to ₹2,53,520 per kilogram. The rally came amid heightened investor attention on developments in the Middle East and expectations that easing geopolitical tensions could stabilize global supply chains.
The increase in Gold Price Today follows announcements from the United States and Iran indicating that a peace agreement has been reached after months of conflict. Market participants have been closely watching the situation, as uncertainty surrounding the conflict had contributed to fluctuations in commodity prices, energy markets and global equities.
MCX gold rate climbs as investors assess geopolitical developments
The MCX Gold Rate continued to attract attention after reports emerged that Washington and Tehran had agreed on a framework aimed at ending hostilities. US President Donald Trump stated that an agreement had been completed and expressed confidence that the formal signing would take place later this week.
Commodity analysts note that geopolitical developments often influence demand for precious metals. Although peace agreements generally improve risk sentiment and support equities, investors frequently maintain exposure to gold during periods of transition until greater clarity emerges regarding the long-term economic impact.
Experts also point out that ongoing volatility in currency markets, bond yields and inflation expectations continues to support demand for bullion. As a result, Gold Price Today remains near historically elevated levels despite improving sentiment in broader financial markets.
Gold and silver prices today in major Indian cities
The latest Gold Silver Prices across India’s major cities reflected the broader uptrend seen in commodity markets.
In Mumbai, the 24K Gold Price stood at ₹1,53,240 per 10 grams, while the 22K Gold Rate was ₹1,40,470 per 10 grams. Silver was quoted at ₹2,53,030 per kilogram.
In New Delhi, the 24K Gold Price was ₹1,52,980 per 10 grams, while the 22K Gold Rate reached ₹1,40,232 per 10 grams. Silver traded at ₹2,52,590 per kilogram.
In Bengaluru, the 24K Gold Price climbed to ₹1,53,360 per 10 grams, while the 22K Gold Rate stood at ₹1,40,580 per 10 grams. Silver was priced at ₹2,53,230 per kilogram.
In Kolkata, the 24K Gold Price reached ₹1,53,040 per 10 grams and the 22K Gold Rate stood at ₹1,40,287 per 10 grams. Silver traded at ₹2,52,690 per kilogram.
In Hyderabad, the 24K Gold Price was ₹1,53,410 per 10 grams, while the 22K Gold Rate was ₹1,40,626 per 10 grams. Silver was quoted at ₹2,53,170 per kilogram.
In Chennai, the 24K Gold Price rose to ₹1,53,690 per 10 grams and the 22K Gold Rate stood at ₹1,40,883 per 10 grams. Silver traded at ₹2,53,760 per kilogram.
US-Iran deal boosts global market sentiment
The US Iran Deal has become a major focus for global investors. Reports suggest that both countries have agreed to end military operations and move forward with a formal agreement expected to be signed later this week. The development has sparked optimism across international markets.
Stock futures in the United States advanced following the announcement, while several Asian markets recorded strong gains. Japan’s Nikkei index surged more than 5%, while South Korea’s benchmark index also posted significant gains as investors welcomed the prospect of reduced geopolitical tensions.
At the same time, crude oil prices fell sharply after reports that the Strait of Hormuz could reopen and Iranian oil exports may gradually resume. Lower energy prices are generally viewed as supportive for global economic growth and inflation management.
