In developments reported on June 1, 2026, bullion markets ended May with divergent gold and silver moves. Precious metal markets in India showed divergent trends through late May and into June 1, 2026.
Separately, gold of 99.9% purity fell about ₹2,500 to roughly ₹1.60 lakh per 10 grams in Delhi trade as crude oil and dollar moves weighed on bullion.
In addition, analysts cited renewed U.S.-Iran tensions and higher U.S. Treasury yields as factors limiting near-term appetite for gold.
The same reports noted that silver and gold did not move in lockstep every session; MCX data on June 1 showed mixed moves as traders watched Middle East diplomacy.
Authorities also said spot gold on international markets traded near $4,505 per ounce on June 1 while silver was near $76.
Further context from the day indicated HDFC Securities analysts linked dollar strength and Treasury yields to Monday’s domestic bullion softness.
Officials said further steps would be announced as reviews continue.
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Sources:
https://www.thehindu.com/business/Economy/india-us-chief-negotiators-to-hold-four-day-trade-talks-from-june-1/article71044303.ece