Gold-Silver Rate Today: How much did gold and silver prices change in the global market, know the details?

Business Desk – Gold-Silver Rate Today: On May 1, 2026 (Friday), gold and silver prices remained largely stable on the international commodity exchange, COMEX. The commodity market is currently facing pressure due to increasing tension in the Middle East and huge rise in crude oil prices.

Gold imports into India have also declined significantly due to increasing geopolitical tensions, especially the threat of possible closure of the Strait of Hormuz. Investors are worried about the fall in gold and silver rates, while common buyers are happy.

Latest rates on COMEX today

On COMEX, spot gold price settled at $4,640.50 an ounce, while spot silver traded at $74.930 an ounce. Although prices have remained relatively stable today, crude oil prices reached their highest level in four years yesterday. This increased the risk of inflation, leading to speculation that the prices of commodities like gold and silver could fall drastically today.

prices on mcx

On Thursday, in the Indian Commodity Market (MCX), gold prices closed at Rs 151,225 per 10 grams. Silver closed at Rs 244,638 per kg. After the domestic commodity market opens on Friday, prices may either face further downward pressure or remain stable, which will reflect the current trend seen in the global commodity market.

Central banks refrained from reducing interest rates

After the US Federal Reserve, the Bank of Japan, the European Central Bank and the Bank of England have also decided not to make any changes in their interest rates. Given the tensions in the Middle East, the market had largely expected this outcome. Moreover, several brokerage firms had previously estimated that the US central bank could cut interest rates twice during 2026. However, now these brokerage firms are preparing to step back from their initial estimates.

Increasing tension between US and Iran

Tension between the United States and Iran appears to be deepening. A report by Axios claims that the United States is preparing a limited, but significant attack against Iran.

Iran has said that if Washington launches an attack, it will respond with an even larger and more destructive retaliatory strike. In this environment of increasing tension, the chances of the Strait of Hormuz remaining open are becoming even less. If this situation continues for a long time, India may have to face huge economic losses.