Gold and silver began Monday’s session on a largely steady note on the Multi Commodity Exchange of India, as persistent inflation concerns continued to blur the outlook for US interest rates. At the same time, market participants kept a close watch on developments related to the ongoing US-Iran negotiations.
In a post on Truth Social on Sunday, Donald Trump introduced “Project Freedom,” an initiative designed to support cargo vessels that have been stranded since the onset of the Iran conflict. The effort is primarily aimed at helping civilian ships from neutral countries safely navigate out of the region and resume their operations.
On the domestic front, MCX silver futures for July 2026 delivery edged up by Rs 300, or 0.1 per cent, to Rs 2,51,237 per kilogram. Gold futures for June 2026 delivery remained almost unchanged at Rs 1,51,257 per 10 grams. In the previous session, silver had risen by about half a per cent, while gold closed largely flat.
