Gold Rates & Silver Rates Today (04-05-2026) Live: MCX Gold & Silver Price To Be Volatile; 24K, 22K, 18K Gold

Gold rates and silver rates in India are likely to be volatile on Monday, May 4, as the international market trades cautiously. In the early hours, spot gold price traded marginally lower and struggled to hold around $4,600 mark, while spot silver surged marginally to trade a little over $75 per ounce.

Investors are assessing US President Donald Trump's next course of action for Strait of Hormuz and against Iran. While, Iran has sent a revised peace proposal. Gold currently remains down by 12% since US-Israel-Iran war started. Amidst this, the data of World Gold Council revealed that central banks globally have increased their gold reserves in the first quarter.

On the other hand, crude oil prices traded under pressure on Monday. US WTI Crude Oil futures traded above 101 with downside of 0.5%. While Brent Crude performed near 108 per barrel mark, with mild decline. Meanwhile, US dollar remained firm above 98 mark after 1% decline last week on Friday.

Reports suggested US officials were informed in advance of the move, consistent with a G7 understanding that major currency interventions are typically communicated among members. On the macroeconomic front, fresh data showed the US economy expanded at an annualized 2% in the first quarter, rebounding from a late 2025 slowdown tied to a government shutdown. Consumer spending increased 1.6%, supported by resilient demand for services, while separate labor data indicated jobless claims falling to multi-decade lows. The releases followed the recent decision by the Federal Reserve to keep interest rates unchanged, though policymakers acknowledged growing internal divisions as economic uncertainty persists stemming from the Middle East conflict, as per Trading Economics.

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May 04, 2026, 7:46 am IST

Forex Market Live Updates: US Dollar Firm

The dollar index traded close to 98 on Friday after dropping nearly 1% in the prior session, with losses driven largely by a sharp advance in the yen following suspected intervention by Japanese authorities in currency markets. Reports suggested US officials were informed in advance of the move, consistent with a G7 understanding that major currency interventions are typically communicated among members, as per Trading Economics.

May 04, 2026, 7:45 am IST

Oil Prices Live Updates: Brent Crude Dips Below 108

Brent crude slipped below 8 per barrel mark, extending its losses for the third session straight. As per Trading Economics, Oil prices have surged sharply this year as the Middle East conflict and the effective closure of the Strait of Hormuz disrupted global markets. Elsewhere, OPEC+ agreed to a symbolic increase in June production quotas, signaling a business-as-usual stance following the United Arab Emirates’ departure.

May 04, 2026, 7:45 am IST

Oil Prices Live Updates: US WTI Crude Oil Falls

WTI crude futures fell to around 1 per barrel on Monday, sliding for the third straight session after US President Donald Trump said Washington would move to “free” stranded cargo ships stuck in the Strait of Hormuz and pointed to progress in negotiations with Iran, as per Trading Economics.

May 04, 2026, 7:43 am IST

Silver Rates Today: Spot Silver Outperformed Gold In Early Hours Of Monday

Spot silver price surged nearly 1% to trade near .7 per ounce, outperforming gold in the process. As per Trading Economics, Iran said it is reviewing Washington’s response to its latest 14-point proposal, boosting optimism for a diplomatic resolution to the conflict. Now in its tenth week, the Middle East war has driven energy prices sharply higher and heightened inflation risks, stoking concerns that central banks may keep interest rates elevated for longer or even tighten further.

May 04, 2026, 7:42 am IST

Gold Rates Today Live: SPOT Gold Struggles

Spot gold struggled to hold above ,600 an ounce on Monday, as investors observed President Donald Trump’s plan for escorting shipping vessels through the Strait of Hormuz. While investors are awaiting for positive development after Iran sent a revised peace proposal.