Officials and agencies addressed a developing story on June 1, 2026 as 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.
The same reports noted that 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.
Authorities also said analysts cited renewed U.S.-Iran tensions and higher U.S. Treasury yields as factors limiting near-term appetite for gold.
Further context from the day indicated silver and gold did not move in lockstep every session; MCX data on June 1 showed mixed moves as traders watched Middle East diplomacy.
Related filings and briefings added that spot gold on international markets traded near $4,505 per ounce on June 1 while silver was near $76.
Parallel announcements clarified that HDFC Securities analysts linked dollar strength and Treasury yields to Monday’s domestic bullion softness.
The matter remains under active review according to published timelines.
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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