Gold futures rise nearly 1% to ₹1.6 lakh/10g on firm global cues

Silver gains Rs 1,100/kg, gold down at Rs 1.54lakh/10 gms amid mixed Iran war signals. Key levels to watch

Gold and silver opened mixed on MCX Monday, with July silver futures up Rs 1,095/kg to Rs 2,68,093 while June gold slipped Rs 1,069 to Rs 1,54,513/10g, as a stronger USD and rising crude weighed on sentiment. Unresolved Iran ceasefire uncertainty and escalating Israel-Hezbollah tensions are the key macro drivers keeping precious metals in a tight range after retreating from record highs.