Gold Rates & Silver Rates Today (06/05/2026) Live: MCX Gold Jumps Rs 2,900, MCX Silver Up By 3%

Gold rates and silver rates in India climbed sharply on May 6, amidst positive performance in the international market after hopes of de-escalation in the Middle East surfaced. MCX gold price crossed Rs 1.52 lakh mark and MCX silver surged above Rs 2.52 lakh mark in the early trade.

US President Donald Trump has declared a temporary pause to Operation Freedom, under which the US Navy assisted stranded vessels in exiting the Strait of Hormuz. This is due to gauging whether a deal with Iran can be made, resulting in end of the conflict.

Also, Defense Secretary Hegseth affirmed that the ceasefire that was established a month ago continued to be in place, while State Rubio said that the offensive operations have ended as Washington pivots toward safeguarding shipping routes in the Strait of Hormuz, as per Trading Economics. Notably, the naval blockade on ships traveling to and from Hormuz also stays in place.

Spot gold surged by nearly 2% to trade near $4,630 per ounce, while spot silver climbed by nearly 3% to trade around $75 per ounce. On the other hand, crude oil prices plunged by 2% with US WTI crude and Brent crude holding around $100 per barrel and $108 per barrel. US dollar also fell towards 98, halting its three consecutive days rally, which further supports safe haven assets like gold.

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May 06, 2026, 12:12 pm IST

Forex Market Live Updates: Who Wins & Losses From Weaker Rupee?

The rupee continues to hover near the ₹95 per dollar mark, and any sharp depreciation could trigger foreign institutional outflows, given the inverse relationship between currency weakness and equity flows. While export-oriented sectors such as IT and pharmaceuticals may benefit from a weaker rupee, broader market sentiment could be weighed down if currency volatility intensifies: Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.

May 06, 2026, 12:08 pm IST

Forex Market Live Updates: Rupee Stays Above 95

Currently, Indian rupee traded at 95.029, mildly appreciating from fresh record lows of 95.2 per dollar. This is due to decline in dollar index.

May 06, 2026, 12:06 pm IST

Forex Market Live Updates: US Dollar Falls Today

The dollar index fell toward 98 on Wednesday, ending a three-day advance as growing optimism that Washington could reach a deal with Tehran reduced demand for the currency’s safe-haven appeal. Defense Secretary Hegseth said the ceasefire that began nearly a month ago remains intact, while Secretary of State Rubio confirmed that offensive operations have concluded as Washington shifts its focus to protecting shipping routes in the strait, as per Trading Economics.

May 06, 2026, 12:05 pm IST

Gold Rates & Silver Rates Today Live Updates: MCX Gold & Silver Extend Rally

Both MCX gold and silver prices have extended their rally. At the time of writing, MCX gold traded at Rs 1,52,598 per 10 grams, higher by Rs 2,845 or 1.90% which is near its intraday high of Rs 1,52,634 per 10 grams. Meanwhile, MCX silver zoomed by Rs 7,269 or 2.98% to trade at Rs 2,51,585 per 1Kg, which is also near its intraday high of Rs 2.52 lakh mark.

May 06, 2026, 9:54 am IST

Oil Prices Today Live Updates: Crude Oil Prices Technical Outlook

Trading Ideas:
* Crudeoil trading range for the day is 9378-10226.
* Crude oil slipped as investors weighed the risk of a broader conflict against the possibility that the escalation is part of ongoing negotiations.
* The US and Iran exchanged fire in the Strait of Hormuz, casting doubt on the durability of a four-week ceasefire.
* OPEC+ has agreed an increase in oil output of 188,000 barrels per day, the cartel said

Technically, the market is under long liquidation, with open interest declining by 13.4% to 14,371 lots while prices dropped ₹359. Immediate support is seen at ₹9,538, with further downside toward ₹9,378. On the upside, resistance is placed at ₹9,962, and a sustained move above this level could push prices toward ₹10,226: Kedia Advisory.

May 06, 2026, 9:53 am IST

Oil Prices Today Live Updates: US WTI, Brent Crude Traded Lower

US WTI Crude Oil price traded lower by 2% to around 0.5 per barrel, while Brent Crude oil also plunged by 2% to trade around 8 per barrel. This is the second consecutive drop in oil prices.

May 06, 2026, 9:51 am IST

Silver Rates Today Live Updates: Spot Silver Jumps 4%

Spot silver price climbed more than 4% to trade near per ounce. Since the US-Israel-Iran war began, silver price came under sustained selling pressure. As per the latest update, President Trump also announced a temporary pause in a US-led effort to assist stranded vessels in exiting the strait, allowing time to assess whether a deal with Iran to end the conflict can be reached, though the blockade on ships traveling to and from Iranian ports will remain in effect, cited by Trading Economics.

May 06, 2026, 9:49 am IST

Gold Rates Today Live Updates: SPOT Gold Climbs 2%

Spot gold price traded higher by over 2% to near ,650 per ounce. This is the second consecutive day rally as hopes of de-escalation in Middle East motivates investors for bullion appetite.

May 06, 2026, 9:47 am IST

Silver Rates Today Live Updates: Trading Ideas For Silver Today

Trading Ideas:
* Silver trading range for the day is 240415-249305.
* Silver climbed as investors monitored escalating Middle East tensions and their potential to stoke inflation.
* Inflation fears continue to fuel bets for more hawkish central banks and undermine the bullion.
* US building permits fell 11.4% month-over-month to a seasonally adjusted annualized rate of 1.363 million in March 2026.

Technically, the market is under fresh buying interest, with open interest rising by 5.03% to 8,131 lots while prices gained ₹421. Immediate support is seen at ₹242,370, with further downside toward ₹240,415. On the upside, resistance is placed at ₹246,815, and a sustained move above this level could push prices toward ₹249,305: Kedia Advisory

May 06, 2026, 9:46 am IST

Silver Rates Today Live Updates: MCX Silver Hits Rs 2.52 Lakh Mark

MCX silver surged on positive cues to hit an intraday high of Rs 2.52 lakh per 1Kg. The silver with July 2026 expiry, is currently trading at Rs 2,50,918 per 1Kg, higher by Rs 6,602 0r 2.7%.

May 06, 2026, 9:44 am IST

Gold Rates Today Live Updates: Technical Outlook For MCX Gold

Trading Ideas:
* Gold trading range for the day is 148595-151015.
* Gold rebounded as oil prices eased, but persistent Middle East tensions and inflation concerns kept gains in check.
* Ceasefire in Middle East tested amid renewed U.S.-Iran attacks
* The fragile ceasefire in the region appeared to be fraying once more as the U.S. and Iran launched attacks

Technically, the market is witnessing short covering, with open interest declining by 1.67% to 9,814 lots while prices gained ₹414. Immediate support is seen at ₹149,170, with further downside toward ₹148,595. On the upside, resistance is placed at ₹150,380, and a sustained move above this level could push prices toward ₹151,015: KEDIA Advisory.

May 06, 2026, 9:42 am IST

Gold Rates Today Live Updates: MCX Gold Climbs Sharply

MCX gold price surged by Rs 2,119 or 1.41% to trade at Rs 1,51,872 per 10 grams, after hitting an intraday high of Rs 1,52,182 per 10 grams in the opening bell. MCX gold is trading higher on positive global cues.