Gold, Silver Rate in Delhi, June 5, 2026: Gold Drops Rs 400 Amid Weak Global Trend; Silver Slumps Rs 5,000

New Delhi, June 5: Gold prices declined by Rs 400 to Rs 1.59 lakh per 10 grams in the national capital on Friday amid weak trends in the international markets.

According to local marketmen, the yellow metal of 99.9 per cent purity depreciated by Rs 400 to Rs 1,59,900 per 10 grams (inclusive of all taxes) from Thursday’s closing level of Rs 1,60,300 per 10 grams.

Extending its losses for the third straight session, silver slumped by Rs 5,000 to Rs 2,60,700 per kilogram (inclusive of all taxes). The white metal had settled at Rs 2,65,700 per kg in the previous session.

In the international markets, spot gold fell marginally to USD 4,470.79 per ounce, while silver slipped over 1 per cent to USD 72.89 per ounce.

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Analysts said precious metal prices remained under pressure as disruptions to energy supplies through the Strait of Hormuz continued to fuel inflation concerns and strengthen expectations of higher interest rates globally.

“Gold prices on the MCX fell as investors remained focused on persistent geopolitical tensions in the Middle East and their implications for inflation and interest rates,” Pinky Yadav, Commodity Fundamental Analyst, Choice Broking, said.

In the international markets, Comex gold futures for the August contract slipped USD 16.63, or 0.37 per cent, to USD 4,488.37 per ounce in New York.

Traders are navigating conflicting signals from West Asia.

Also Read: How to Invest in Gold for Beginners: Simple Start Guide

President Donald Trump said negotiations with Iran were approaching their final stage and indicated reluctance to be drawn into a broader conflict.

However, Iranian Foreign Minister Abbas Araghchi countered that no meaningful progress had been achieved in the talks.

Adding to the uncertainty, Israel continued its ground operations in southern Lebanon, while Hezbollah rejected a US-brokered ceasefire proposal involving Tel Aviv and Beirut.