Gold prices remained largely stable on Monday amid ongoing US-Iran ceasefire negotiations, with spot gold up 1.5% at $4,575.30 per ounce at 8:11 a.m. in Singapore, according to Bloomberg. Silver was 4% higher at $78.53, showing continued strength across precious metals. The stability comes after gold had surged to $4,563 per ounce on Monday (May 25), up $39.80 or 0.88%, following an intraday high of $4,582.60 per ounce, as reported by CNBC TV18. Investor sentiment remains focused on geopolitical developments after US President Donald Trump said Washington and Tehran had "largely negotiated" a memorandum of understanding aimed at easing tensions and reopening the Strait of Hormuz, though Trump later said he had instructed US representatives not to rush into any agreement with Iran, tempering expectations of an immediate breakthrough.
In India, gold prices remained stable for the fourth consecutive session on Monday, May 25, 2026, with 24 Karat (24K) gold retailing at approximately ₹1,59,060 per 10 grams in Mumbai, according to Bullions website. Kolkata follows with gold rate at ₹1,58,850 per 10 grams, while Delhi trails at ₹1,58,790 per 10 grams. The southern markets continue to record the highest figures in the country, with Chennai leading at ₹1,59,520 per 10 grams, followed by Hyderabad at ₹1,59,310 and Bengaluru at ₹1,59,190. Silver rates are also stable, with Mumbai trading at ₹2,71,800 per kg, Delhi at ₹2,71,330 per kg, Chennai at ₹2,72,590 per kg, Hyderabad at ₹2,72,230 per kg, Bengaluru at ₹2,72,010 per kg, and Kolkata at ₹2,71,440 per kg**. In three days, the yellow metal jumped ₹37,100 for 100gms of 24K, reflecting the dramatic nature of the recent rally.
Gold prices are likely to remain range-bound in the coming week as traders await more clarity on the evolving US-Iran negotiations, according to analysts quoted by PTI. Silver is expected to retain a positive bias amid persistent geopolitical uncertainty and elevated energy rates. Traders now see a 58% chance of at least one 25-basis-point interest rate hike by the U.S. Federal Reserve this year, compared with 48% a day earlier, as per CME's FedWatch Tool, according to Reuters. Market participants are also monitoring the US Federal Reserve after Kevin Warsh took charge as Fed chair on Friday, at a time when rising energy costs linked to the Iran conflict are contributing to inflation pressures. Analysts expect bullion prices to remain sensitive to headlines around the US-Iran negotiations and upcoming US economic data, including GDP, housing numbers, consumer confidence and Personal Consumption Expenditure inflation readings, which could provide further direction on the Federal Reserve's policy path.
