Gold and Silver Prices Surge Amid US-Iran Ceasefire Uncertainty
Gold, silver rates today: Comex gold jumps $25/oz; silver near $75.4 amid US-Iran ceasefire uncertainty
Mint
Image: Mint
On April 9, gold prices rose by $25 per troy ounce, reaching an intraday high of $4,802, while silver traded at $75.47. The fluctuations come amid renewed tensions in the Middle East, as Iran warns of ceasefire violations. Domestic gold futures in India hit ₹1,53,080 per 10 grams.
- 01Gold futures increased by $25 to $4,802 per troy ounce.
- 02Silver futures remained flat at $75.47.
- 03Iran accused Israel of violating ceasefire terms, heightening tensions.
- 04Domestic gold futures surged to ₹1,53,080 per 10 grams.
- 05Traders are awaiting US Consumer Price Index data for March.
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On April 9, gold and silver prices experienced fluctuations influenced by geopolitical tensions in the Middle East. Gold futures on the Comex rose by $25 to reach an intraday high of $4,802 per troy ounce, while silver remained steady at $75.47. The price movements followed a ceasefire announcement by US President Donald Trump, but uncertainty arose as Iran claimed that Israel had breached the ceasefire terms, further complicating the situation. In the domestic market, gold futures on the Multi Commodity Exchange (MCX) surged by ₹1,073 to hit ₹1,53,080 per 10 grams, marking a cumulative gain of 2.2% over four consecutive sessions. Silver also saw modest gains, trading at ₹2,40,732 per kilogram. The market is now awaiting the release of the US Consumer Price Index data for March, which could further influence precious metal prices.
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The rise in gold prices may lead to increased costs for consumers looking to purchase gold jewelry or invest in gold, affecting homebuyers and investors in the precious metals market.
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