Gold, silver futures trade higher on hopes of easing West Asia tensions - Business Standard

AI desk brief

Gold and silver futures rose as diplomatic efforts to ease West Asia tensions pressured crude oil and improved the geopolitical backdrop. Comex gold was around $4,385/oz and silver near $66.60/oz; on MCX, October gold traded at ₹1,53,435/10g after opening ₹403 higher, while December silver opened ₹1,212 higher at ₹2,40,529/kg.

The move appears tied to lower oil prices and reports that President Trump may meet Iran's Masoud Pezeshkian on the sidelines of the UN General Assembly. Gold's intraday range on MCX was ₹1,53,197-₹1,53,497, with the contract still well below the earlier 2026 peak cited in the piece.