Gold and Silver Prices Today: Precious Metals Stay Firm Near All-Time Highs Amid Global Uncertainty
Gold and silver, both precious metals, showed mixed trends on 16 June 2026. Silver prices slipped slightly, allowing investors to book profits after multiple sessions of gains, whereas gold prices remained near recent highs. Investors are now closely monitoring global economic and geopolitical developments.
The futures of gold were trading around ₹1.52 lakh per 10 grams on the Multi Commodity Exchange (MCX). The precious metal continues to benefit from safe-haven demand amid global economic uncertainty, despite gold prices remaining near all-time highs. Domestic prices continue to be influenced by the international market and the rupee-dollar exchange rate.
The silver prices witnessed a slight correction after a three-day rally, yet the price remained above ₹2.5 lakh per kilogram, indicating strong momentum. Analysts view this slight dip as temporary profit booking rather than a major trend reversal. Despite the decline, silver continued to outperform several traditional investment assets in 2026.
1. US-Iran Peace Deal Developments
Investors are continuously tracking the development of a peace agreement between the US and Iran, as it could reduce demand for safe-haven assets like gold, potentially leading to a dip in prices.
2. US Federal Reserve Meeting
The Federal Reserve policy, which is yet to be announced, is one of the biggest factors influencing the market as it signals future interest rate decisions. Generally, lower interest rates support the prices of previous metals like gold because these metals do not offer interest income.
Latest Gold Prices
The futures of gold were trading around ₹1.52 lakh per 10 grams on the Multi Commodity Exchange (MCX). The precious metal continues to benefit from safe-haven demand amid global economic uncertainty, despite gold prices remaining near all-time highs. Domestic prices continue to be influenced by the international market and the rupee-dollar exchange rate.
Latest Silver Prices
The silver prices witnessed a slight correction after a three-day rally, yet the price remained above ₹2.5 lakh per kilogram, indicating strong momentum. Analysts view this slight dip as temporary profit booking rather than a major trend reversal. Despite the decline, silver continued to outperform several traditional investment assets in 2026.
Factors Affecting Gold and Silver Prices
1. US-Iran Peace Deal Developments
Investors are continuously tracking the development of a peace agreement between the US and Iran, as it could reduce demand for safe-haven assets like gold, potentially leading to a dip in prices.
2. US Federal Reserve Meeting
The Federal Reserve policy, which is yet to be announced, is one of the biggest factors influencing the market as it signals future interest rate decisions. Generally, lower interest rates support the prices of previous metals like gold because these metals do not offer interest income.
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