Dollar Index

Precious metals continued their upward trend, driven by optimism over a US-Iran peace deal and a weaker dollar. Gold rose $50 to $4,760, while silver surged to $82.16. A strong US jobs report indicated economic resilience, although concerns over inflation persist.

On 7 May, gold and silver continued their upward trend due to improved US-Iran relations. Gold rose $76, and silver gained $5. Crude oil prices declined, raising expectations for potential rate cuts as the market awaits the upcoming US employment report.

Rupee falls to ₹95.16/USD, highlighting currency weakness, as Steve Hanke warns of a continued slide without inflows, which could impact inflation, travel costs, EMIs, investments and savings across the country.

At the interbank foreign exchange market, the rupee opened at 94.95 against the US dollar, then lost ground and finally settled for the day at 95.23 (provisional), registering a fall of 39 paise over its previous close.

On 1 May, gold and silver prices improved as optimism grew for an Iran deal. Gold reached $4,673, and silver hit $77.52, recovering some losses. However, ongoing conflicts and rising energy costs continue to affect market stability and inflation concerns.

Precious metals continued to decline, with gold futures dropping $86 to $4,522 and silver futures falling $1.5 to $71.71. Rising crude oil prices heighten inflation concerns, prompting expectations of sustained higher interest rates from central banks and impacting the appeal of these metals.

On 28 April, gold and silver prices sharply declined amid rising inflation worries from escalating crude oil prices and stalled US-Iran negotiations. Gold futures hit a month-low, and silver fell significantly, as prospects for peace talks dwindled.

Gold and silver prices fell on April 27 due to rising crude oil prices amid uncertainty over US-Iran peace talks, raising inflation fears. Major central banks are expected to maintain current interest rates, impacting gold's appeal as an inflation hedge.

Gold rate today: On April 25, 2026, gold prices in India fell to ₹1,52,799 per 10 gm, ending a four-week rise

Precious metals traded lower on 23 April, with gold futures down $52 to $4,672 and silver futures falling $1.60 to $74.23. Market optimism waned as tensions in the Strait of Hormuz persisted, raising inflation concerns and affecting investor interest in non-yielding assets.