On Friday, gold and silver prices opened lower on the Multi-Commodity Exchange of India due to rising concerns surrounding the U.S.-Iran ceasefire and geopolitical tensions in the region. Gold futures for June 2026 delivery decreased by ₹900 to ₹1,53,434 per 10 grams, while silver futures for May 2026 delivery fell by ₹1,701 to ₹2,42,067 per kg. Analysts note that the market is reacting to uncertainties regarding the ceasefire's durability, especially in light of Israel's actions against Hezbollah in Lebanon and Iran's targeting of energy infrastructure. Despite these drops, gold remains on track for a third consecutive weekly gain, supported by easing inflation concerns and reduced expectations for higher U.S. interest rates. In the international market, spot gold was down 0.2% at $4,755.84 per ounce, while U.S. gold futures for June delivery fell by 0.8% to $4,779.20. Analysts suggest that traders should be cautious, as fluctuations in the dollar index and crude oil prices could lead to continued volatility in gold and silver prices.