Gold Rates & Silver Rates Today (01-06-2026) Live: MCX Gold Falls By Rs 1,200 Tracking COMEX Selloffs

Gold rates and silver rates in India fell sharply on Monday, June 1, 2026, tracking volatile global trends. In the early deal of June 1, 2026, MCX gold dropped by nearly 1% to trade below Rs 1.60 lakh mark and MCX silver plunged to hit Rs 2,65,500 intraday low mark.. On the contrary, spot silver is trading higher by 0.5% to near $76 per ounce. Meanwhile, spot gold is down by 0.5% to near $4,520 per ounce. MCX gold and silver prices could follow the trend.

Investors eye a long-term ceasefire agreement between the US and Iran. As of now, there has been limited signs of progress, which has sparked an upside in crude oil prices by 2% to 3% on Monday. Brent Crude is near $93 per barrel, up by nearly 2% and US WTI Crude Oil futures is higher by 2.5% to trade near $90 per barrel. Other natural gas prices are also up by over 2%.

Indian precious metals will also await the RBI's policy outcomes that is scheduled later this week.

Over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft accord that would extend the ceasefire and reopen the Strait of Hormuz, though it remained uncertain whether the negotiations were moving closer to a resolution. President Donald Trump also reiterated his call for Iran to halt its nuclear program and fully restore the strait's status as an open international waterway. Gold has faced headwinds since late February as the Middle East conflict drove energy prices sharply higher, fueling concerns about inflationary pressures and the prospect of interest rate hikes. Investors are now awaiting the latest US monthly jobs report later this week, which could offer fresh insight into labor market strength and the likely path of Federal Reserve policy, as per Trading Economics.

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Jun 01, 2026, 10:58 am IST

Forex Market Live Updates: Rupee Strengthens

The Indian rupee strengthened to around 94.7 per dollar, reaching three-week highs as sustained intervention by the Reserve Bank of India boosted confidence in the currency. Expectations that the central bank will continue to curb excessive exchange-rate volatility ahead of its upcoming policy decision also supported sentiment. Markets are now focused on the RBI's policy meeting, where the benchmark repo rate is widely expected to remain unchanged at 5.25%, as per Trading Economics.

Jun 01, 2026, 10:57 am IST

Forex Market Live Updates: US Dollar Firmer

The dollar index edged above 99 on Monday, snapping a two-session decline as prospects for a longer-term ceasefire agreement between the US and Iran remained uncertain, as per Trading Economics.

Jun 01, 2026, 10:56 am IST

Oil Prices Today Live Updates: Brent Crude Rises Above 2%

Brent Crude surged by 2.20% to trade over per barrel on Monday. Crude has recovered from its last week's losses. Trading Economics, cited that over the weekend, both sides exchanged proposals seeking revisions to a draft deal that would prolong the ceasefire and reopen the Strait of Hormuz, though it remained unclear whether meaningful progress had been achieved. President Donald Trump also reaffirmed his demand that Iran halt its nuclear program and fully restore the strait’s status as an open international shipping route.

Jun 01, 2026, 10:55 am IST

Oil Prices Today Live Updates: US WTI Crude Oil Jumps 3%

US WTI Crude Oil futures climbed nearly 3% to trade near per barrel. As per Trading Economics, Although oil prices recently posted a monthly decline amid expectations that Washington and Tehran could eventually reach a more durable agreement, they remain elevated compared with pre-conflict levels as the near-shutdown of Hormuz triggered an unprecedented disruption to global energy supplies.

Jun 01, 2026, 9:58 am IST

Silver Rates Today Live Updates: Spot Silver Prices Up

Spot silver gained by nearly 0.5% to trade near per ounce. However, as per Trading Economics, Silver has faced headwinds since late February as the Middle East conflict drove energy prices sharply higher, fueling concerns about inflationary pressures and the prospect of interest rate hikes. Investors are now awaiting the latest US monthly jobs report later this week, which could offer fresh insight into labor market strength and the likely path of Federal Reserve policy.

Jun 01, 2026, 9:58 am IST

Gold Rates Today Live Updates: Spot Gold Down 0.5%

Spot gold dropped by nearly 0.6% to trade around ,515 per ounce, as US-Iran ceasefire agreement looks gloomy. As per Trading Economics, Gold has faced headwinds since late February as the Middle East conflict drove energy prices sharply higher, fueling concerns about inflationary pressures and the prospect of interest rate hikes. Investors are now awaiting the latest US monthly jobs report later this week, which could offer fresh insight into labor market strength and the likely path of Federal Reserve policy.

Jun 01, 2026, 9:56 am IST

Gold Rates Today Live Updates: MCX Gold Price Crashes

MCX gold price dropped nearly 1% to hit an intraday low of Rs 1,59,350 per 10 grams for August 2026 expiry. Meanwhile, MCX gold price with June 5, 2026, expiry, is trading lower by 0.5% to Rs 1,54,801 per 10 grams, which is near the intraday low of Rs 1,54,086 per 10 grams. MCX gold is following the selling pressure trend in spot gold. Gold is underperforming silver today.

Jun 01, 2026, 9:54 am IST

Silver Rates Today Live Updates: MCX Silver Drops

MCX silver price plunged by Rs 583 or 0.22% at the time of writing, to trade at Rs 2,66,415 per 1Kg. In the early trade, silver touched an intraday low of Rs 2,65,513 per 1Kg. This is despite spot silver trading higher by 0.5%.