Gold and Silver Prices Rise as U.S.-Iran Conflict Pauses
Precious metals prices climbed Monday following a decline in crude oil and a military pause between the United States and Iran.
Gold and silver prices rose on Monday, July 27, 2026, driven by a weakening U.S. dollar and a sharp 5 percent drop in crude oil prices. The commodities surge was supported by strong spot demand and fresh buying from market participants. In New York, gold futures advanced 0.86 percent to USD 4,087.69 per ounce, while Comex silver futures climbed 1.85 percent to USD 59.25 per ounce. On the Multi Commodity Exchange, August gold contracts increased to Rs 1,44,090 per 10 grams and September silver contracts rose to Rs 2,24,255 per kg.
The drop in oil prices followed a weekend pause in military hostilities between the United States and Iran after two weeks of conflict. Donald Trump halted U.S. airstrikes on Iranian targets late Friday, and Iran refrained from retaliatory attacks against neighboring countries hosting U.S. bases. While no formal diplomatic efforts to end the conflict have been confirmed, the de-escalation raised hopes for restored oil flows through the Strait of Hormuz.
Market attention now shifts to the Federal Reserve System's monetary policy decision on July 29. Investors are monitoring Chair Kevin Warsh for cues on interest rate trajectories, as previous energy price spikes stemming from the U.S.-Iran conflict increased inflationary risks.
Keep reading in the app
The full story and every source, free in the app.
Coming soonGoogle Play