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Gold & Silver Rates Today (26-05-2026) Live: MCX Gold Falls By 1%, Silver Price Worst Hit With Rs 5,100 Crash

Gold rates and silver rates in India dropped sharply on Tuesday due to weak performance in the international bullion market. As the sentiments soured, MCX gold price extended its decline by around 1% or Rs 1,000 to hit an intraday low of Rs 1.58 lakh per 10 grams. Meanwhile, MCX silver price was the worst hit with nearly Rs 5,066 or 1.83% drop to trade at Rs 2,71,650 per 1Kg, which is near its intraday low of Rs 2,71,580 per 1Kg.

Spot gold is down by nearly 1% to trade around $4,530 per ounce, while spot silver plunged by nearly 2% to trade below $77 per ounce. This is due to heightened uncertainty in the Middle East and inflationary risks, which have soured investors' sentiment for precious metals.

On the other hand, crude oil prices surged by nearly 1% each, with US WTI Crude oil trading near $92 per barrel and Brent Crude performing near $98 per barrel.

In the latest development in the West Asian war, the US military has struck missile launch sites and vessels in defence after reportedly suspecting Iran's attempt to deploy mines. Despite this, US President Donald Trump stated that although negotiations are yet to be finalized, talks with Tehran is progressing well. However, Trump warned that any additional attacks could lead to the end of any negotiations.

Spot Gold prices remain down nearly 15% since the conflict began, as fears of an energy-driven inflation shock reinforced expectations that central banks could maintain tighter monetary policy for longer. Still, the sharp decline in oil prices over the past week has helped ease concerns about inflationary pressures and further interest rate hikes, as per Trading Economics.

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