Gold & Silver Rates Today LIVE: Precious Metals Rebound: MCX Gold Reclaims Rs 1.42 Lakh, Silver Jumps Rs 5,500

Gold rates and silver rates in India are falling on June 30, 2026 despite a rebound in MCX bullion. In the afternoon session, precious metals at MCX rebounded from day's low. MCX gold price reclaimed above Rs 1.42 lakh mark to trade around Rs 1,42,623 per 10 grams which is up by Rs 221 or 0.16%. MCX silver price also surged by nearly Rs 5,000 to trade above Rs 2.25 lakh mark.

In the early hours of Tuesday, spot gold hit its lowest level in eight months to trade below the $4,000 mark and spot silver plunged below $58 per ounce. Both the precious metals are down by up to 1.5% each.

On the other hand, crude oil prices held ground with little change as Brent Crude traded near $74 per barrel and US WTI Crude Oil performed near $71 per barrel.

Following the geopolitical crisis, rate hike expectations and stronger dollar, gold and silver are on move to clock a fourth consecutive monthly decline. Gold and silver have plunged by nearly 12% and 24% in past month. But precious metals have declined by roughly 15% in the quarter.

Markets continue to price in three Federal Reserve rate hikes this year, with the first move potentially coming in September. Investors are now awaiting the latest US monthly employment report for fresh clues on the policy outlook. Meanwhile, US and Iran are scheduled to resume peace talks in Doha, Qatar later today, although prospects for a lasting ceasefire remain unclear. A major sticking point remains after Tehran reiterated its plan to oversee traffic through the Strait of Hormuz even if Oman decides not to take part, as per Trading Economics.

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