Gold, silver rates today: Comex gold and silver extend gains as US-Iran peace deal eases rate hike fears

Gold and silver futures rallied sharply on Monday after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, easing rate hike fears. Comex gold jumped $123/oz to $4,391, while silver rose $3.4/oz to $71.4. On MCX, gold surged ₹3,348 per 10 grams to ₹1,53,876 and silver rebounded ₹8,014/kg to ₹2,54,200, with focus now shifting to the US Federal Reserve's 16-17 June policy meeting.