Gold & Silver Rates Today (23/06/2026) LIVE: MCX Gold & Silver Price To Be Under Pressure As COMEX Falls Hard

Gold rates and silver rates in India are likely to be under pressure on Tuesday, June 23, 2026, as the global bullion market trades in deep red. Spot gold has plunged by 1% to struggle around $4,150 per ounce and spot silver has crashed by over 2% to fall below $64 per ounce.

This comes after crude oil prices rebounded mildly. US WTI Crude Oil reclaimed the $74 per barrel mark after falling by 4% in the early hours of June 23, 2026. Brent Crude also recovered to near $78 per barrel after dropping by nearly 3.5%.

Among the latest developments, US President Donald Trump has issued a new warning to Iran. Trump told reporters, if Iran does not comply with the peace agreement or "if they're not behaving. I will do what I have to do."

The US-Iran peace talks are at the heart of attention for the global market, which is expected to ease geopolitical tensions and curb the global energy crisis.

President Donald Trump threatened fresh military action if Hezbollah continues its attacks on Israel and warned Tehran against shutting the Strait of Hormuz again. At the same time, Iranian media reported that Tehran had suspended negotiations in response to Trump's remarks, although sources familiar with the discussions said talks were still underway. Gold was also weighed down by expectations of tighter monetary policy after the Federal Reserve left interest rates unchanged last week while adopting a more hawkish tone. Nine of the Fed's 19 policymakers now anticipate at least one rate increase this year, with investors pricing in a potential hike as soon as September, as per Trading Economics.

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Jun 23, 2026, 8:30 am IST

Live Gold Silver Rates Today: Nuclear Inspector Likely To Inspect Iran

US Vice President JD Vance has warned Iran that the release of their frozen assets would decide the fate of peace negotiations. Iran has asserted that US already agreed to ease restrictions and allowed to release some sanctioned assets. However, Vance has also stated that discussions are undergoing with the International Atomic Energy Agency (IAEA) to inspect Iran's nuclear regions. Iran has retorted that it will not allow nuclear inspectors in their country. Hence, the tensions remain high and fragile between US and Iran.

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Jun 23, 2026, 8:29 am IST

Live Gold Silver Rates Today: Latest Development In Middle East

Among the latest developments, US President Donald Trump has issued a new warning to Iran. Trump told reporters, if Iran does not comply with the peace agreement or "if they're not behaving. I will do what I have to do." Trump further told reporters, "Oh, their navy is gone. Their air force is gone. Their leaders are all dead. Their whole country is a mess. Their economy is shot." He added that four months ago, Iran had a navy, 159 ships to be exact. Now, it's gone. He said, "The whole navy is gone. Their 250 airplanes, all gone. Their anti-aircraft is gone. Their radar is gone."

Jun 23, 2026, 8:29 am IST

Live Silver Rates Today: Spot Silver Crashes 2%

Spot silver price plunged nearly 2.5% to trade around .50 per ounce. As per Trading Economics, Precious metals have come under constant pressure since the Middle East conflict erupted in late February, as disruptions to energy flows through Hormuz drove oil prices higher and reinforced expectations that central banks raise interest rates to contain inflation.

Jun 23, 2026, 8:29 am IST

Live Gold Rates Today: Spot Gold Falls 1%

Spot gold price dropped by nearly 1% to struggle below ,155 per ounce. This comes after crude oil prices rebounded mildly. Among the latest developments, US President Donald Trump has issued a new warning to Iran.