Gold & Silver Rates Today (15-06-2026) Live: MCX Gold & Silver Price May Rally Today After US-Iran Peace Deal

Gold rates and silver rates in India could continue their uptrend as the US and Iran finally confirmed peace agreement, which would reopen Strait of Hormuz. MCX gold and silver price are expected to follow the bullish sentiment in global bullion market. Spot gold surged by over 2.5% to trade above $4,300 per ounce and spot silver zoomed by over 4% to trade above $70.5 per ounce.

On the other hand, oil prices nosedived to a 2-month low. Brent Crude dropped 5% to $83 per barrel and US WTI Crude Oil slipped 6% to trade around $80 per barrel.

Concerns related to inflationary pressures, the energy crisis and rate hike trajectories have eased due to the US-Iran peace deal.

Notably, the two countries that entered into the conflict since late February are likely to signed the peace agreement in Switzerland on June 19

As per reports, the agreement includes the lifting of blockades, sanctions relief for Iran, and the dismantling of Tehran's nuclear program.

Meanwhile, the US Federal Reserve will hold its first policy meeting this week under new chair Kevin Warsh and is widely expected to keep interest rates unchanged. The Reserve Bank of Australia is also expected to leave policy steady, while the Bank of Japan is likely to raise rates in support of its currency, as per Trading Economics.

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