Gold, silver prices: What rising oil and US-Iran tensions mean for precious metals - CNBC TV18

AI desk brief

Gold and silver eased in early trade as traders balanced safe-haven support from renewed US-Iran tensions against higher crude prices and the risk of stickier inflation keeping US rates higher for longer. On COMEX, gold fell 0.41% to $4,420.80/oz after trading between $4,384.10 and $4,421, while silver slipped 0.21% to $66.86/oz.

Brent rose 1.6% to $99.49/bbl and WTI gained 1.72% to $94.63/bbl for a fourth straight session, reviving inflation concerns that could slow Fed easing and weigh on non-yielding metals. The article also notes gold’s stronger sensitivity to real rates, the dollar and central-bank buying, while silver has an added industrial demand link. In India, gold fell ₹2,150 to ₹1.58 lakh per 10g and silver rose ₹600 to ₹2.41 lakh/kg, reflecting the divergence in flows and positioning.