Looks like it's another one of those tense days for gold and silver investors . prices are dropping on June 3,2026 and honestly,it all seems to be because of the growing trouble between United States and Iran.
And this isn't just small dip ah . On MCX,the August gold futures went down by 0.26% to ₹1,58,928 per 10 grams . Earlier in the day only,it had touched a high of ₹1,59,740 but then fell all the way to ₹1,58,780 . So much up and down in one day.
But it’s not just gold . Silver is also seeing big drop. July silver futures fell by 0.85%,settling at ₹2,64,450 per kilogram . It also saw a huge swing from a peak of ₹2,67,495 to a low of ₹2,64,023 .
And honestly,this kind of volatility is what makes people so nervous about investing rn.
The main reason for all this panic seems to be the rising geopolitical tensions in West Asia . Recent reports said US military had to intercept Iranian missile strikes which were aimed at Bahrain and Kuwait . And at same time,crude oil prices are also rising,which just adds to the inflation worries for everyone.
Few key things to note from today's market:
- US-Iran tensions are getting worse,making investors very cautious .
- August gold futures on MCX are trading lower at ₹1,58,928 per 10 grams.
- July silver futures also dropped to ₹2,64,450 per kilogram .
Experts are saying that MCX gold is still holding strong near ₹1,59,000 level . If it manages to break above ₹1,60,000,they think prices could even go towards ₹1,62,000 to ₹1,63,000 range.
And for silver,the important number is ₹2,68,000 . If it crosses that,it could move up to ₹2,69,500 or even ₹2,70,000 . But if it falls below ₹2,65,000,then we might see it slide down to ₹2,63,000 or ₹2,61,000 .
So everyone is just watching news from West Asia and keeping an eye on oil prices . It feels like market is holding its breath to see what happens next…
