Rally in Gold, Silver Rates Today: MCX Gold Hits Rs 1.53 Lakh, Silver Jumps 2.5% on 15 June After US-Iran Deal

Precious metals began the week on a strong note, with MCX gold and silver prices registering robust gains on Monday after a diplomatic breakthrough between the United States and Iran lifted global bullion sentiment. The decline in crude oil prices and weakness in the US dollar further supported the rally, as investors reassessed inflation and interest rate expectations.

Gold, Silver Rates Today: MCX Gold Hits Rs 1.53 Lakh, Silver Crosses Rs 2.52 Lakh After US-Iran Peace Deal

"MCX Gold opened with a strong gap-up of around 2.5% on Monday, reflecting improved sentiment in the bullion market. The trend remains moderately bullish, supported by a weaker U.S. dollar, with the dollar index hovering near 99.5 after easing to a one-week low following the US-Iran peace deal," said Kaveri More, Commodity Technical Analyst at Choice Broking.

MCX Gold Price Today: Check Latest Spot Gold Rates on 15 June 2026

At 10:42 AM IST on June 15, MCX Gold contracts expiring on August 5, 2026, were trading at Rs 1,53,200 per 10 grams, higher by Rs 2,672 or 1.78 percent. The precious metal opened at Rs 1,53,829 per 10 grams, compared with its previous close of Rs 1,50,528, while trading volumes stood at 768 lots.

MCX Silver Price Today: Check Latest Silver Rates Per Kg and Gram on June 15, 2026

Meanwhile, MCX Silver contracts with a July 3, 2026 expiry climbed Rs 6,464 or 2.63 per cent to trade at Rs 2,52,650 per kilogram at 10:47 AM IST. The metal opened at Rs 2,51,563 per kg against its previous close of Rs 2,46,186, with volumes reaching 1,293 lots.

Global Spot Gold Prices

The rally was also visible in international markets, where gold prices jumped more than 2 percent as the US dollar declined following the announcement of the US-Iran peace agreement. Spot gold rose 2.5 percent to $4,322.87 per ounce, marking its third consecutive session of gains, while US gold futures for August delivery advanced 2.5 per cent to $4,344.80 per ounce. Spot silver also surged 3.6 percent to $70.39 per ounce.

The optimism followed reports that US and Iranian officials had agreed on a framework to end their conflict in the Middle East, remove the US blockade on Iran, and reopen the strategically important Strait of Hormuz. The agreement is expected to be formally signed on Friday in Switzerland, according to a post on X, formally Twitter by Pakistani Prime Minister Shehbaz Sharif.

Gold Price Forecast Amid Fed Rate Decision & US-Iran Agreement

"Investors are also closely watching upcoming Federal Reserve policy cues. Immediate support is placed at Rs 151,870-Rs 150,100, while resistance is seen at Rs 154,900-Rs 156,000. A sustained move above the resistance zone could trigger a stronger upside rally," said Expert More.

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