Gold and silver prices continued their upward momentum on Friday, posting gains for a second consecutive session on the Multi Commodity Exchange (MCX). The rally came after crude oil prices dropped to their lowest level in two months amid growing optimism over progress towards a potential peace agreement between the US and Iran.
In domestic trade, MCX silver contracts for July 2026 delivery jumped Rs 5,167, or around 2%, to Rs 2,44,817 per kg. Gold futures for August 2026 delivery advanced Rs 649 to Rs 1,49,581 per 10 grams.
The latest move has extended the recent recovery in precious metals. Over the past two trading sessions, silver has gained Rs 10,012, translating into a rise of nearly 4%, while gold has climbed by about Rs 1,600.
