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Gold and silver prices slide on MCX as oil jumps amid US Iran peace talk hopes
Economy
Published on 27 April 2026
Oil surged as investors shifted bets toward peace talks
Gold and silver prices eased on the MCX on April 27, driven by profit booking even as hopes for US-Iran peace talks supported sentiment. A slight dip in the US dollar offered some cushion for bullion. Meanwhile, crude oil climbed more than 1%, adding volatility to commodities and influencing market pricing for yellow and 999 silver.
- Gold and silver fell on MCX amid profit booking
- US dollar softness provided limited support for bullion
- Crude oil jumped 1% plus, boosting commodity swings
- US-Iran peace talk hopes shaped investor expectations
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This summarization was done by Beige for a story published on 
Republic