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Gold and silver jump on weaker dollar and oil as US Iran talks spark fresh buying
Economy
Published on 6 May 2026
Silver rockets above Rs 2.5 lakh as talks raise hopes
Gold and silver surged on MCX on Wednesday as a weaker dollar and easing oil prices reduced inflation and rate worries. Optimism around potential US Iran peace talks also lifted sentiment. MCX silver climbed about 3.1% to roughly Rs 2,52,000 per kg, while gold rose around 1.7% to about Rs 1,52,182 per 10g after US President Trump hinted at progress.
- Weaker dollar and softer oil eased inflation and rate concerns
- US Iran peace-talk optimism boosted commodity sentiment
- MCX silver jumped about 3.1% to around Rs 2.52 lakh per kg
- MCX gold gained about 1.7% to roughly Rs 1.52 lakh per 10g
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times