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Silver spikes Rs 3000 while gold holds Rs 1 52 lakh as Iran talks stall
Economy
Published on 11 May 2026
Oil jumps on stalled Iran peace talks, flipping safe-haven demand
Gold and silver traded mixed on MCX as fading hopes of a rapid US Iran peace deal lifted oil prices. Higher crude raised fresh inflation worries and strengthened expectations that central banks may keep interest rates elevated for longer. In the middle of the shifting macro backdrop, silver rose sharply while gold held near Rs 1.52 lakh, leaving investors weighing their next move.
- Silver gains Rs 3000 on MCX while gold stays steady
- Stalled US Iran talks lift oil, fueling inflation fears
- Rate cuts may be delayed as expectations of higher rates persist
- Mixed precious metal moves add uncertainty for investors
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times