Gold and silver prices surged over 2% on MCX after a US-Iran peace framework eased inflation fears and lowered rate-hike expectations. Falling oil prices, softer yields and a weaker dollar supported bullion, while jewellers reported improved customer footfalls and renewed buying interest.

Gold and silver surge as easing US-Iran tensions boost investor confidence and revive demand for precious metals.

Gold prices surged over 1% as U.S. and Iranian officials announced a peace deal to end their conflict, halt the U.S. blockade, and reopen the Strait of Hormuz. This development…

Gold prices surge over 2% after the US and Iran reach a peace deal, easing inflation concerns and boosting investor confidence.

On MCX, the yellow metal for August delivery jumped ₹2,242, or 1.49% to ₹1,52,770 per 10 grams in a business turnover of 8,948 lots.