Gold and silver prices opened slightly higher on the Multi Commodity Exchange (MCX) on Wednesday, supported by weakness in the US dollar as investors monitored progress in peace negotiations between the United States and Iran while also assessing the outlook for US Federal Reserve policy.
In the domestic market, MCX silver futures for July 2026 delivery climbed Rs 2,000, or 0.7%, to Rs 2,72,628 per kg. Gold futures for June 2026 delivery also edged up by Rs 215 to Rs 1,57,898 per 10 grams. In the previous trading session, both gold and silver had ended marginally lower.
Traders are now closely watching upcoming remarks from US Federal Reserve officials, including Philip Jefferson, Vice Chair of the US Federal Reserve, and Lisa Cook, Governor at the US Federal Reserve, for additional signals on how inflation trends may influence the central bank’s future monetary policy direction.
