Sensex: 74,294.96 Price increased (0.76%)

Nifty: 23,414.30 Price increased (0.29%)

Hamburger

Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Precious Metals Preview: Gold and silver futures edge lower as elevated oil prices reignite inflationary concerns
03-Jun-2026 09:03

COMEX gold and silver futures edged lower in morning trades on Wednesday as rising oil prices once again reignited fears of inflation and weighed on the metal prices. Prolonged closure of the Strait of Hormuz could drive energy prices higher and intensify global inflationary pressures, reinforcing expectations that the Federal Reserve will maintain elevated interest rates for an extended period. Investors are now anxiously awaiting Friday's Nonfarm Payrolls report for definitive clues on the future trajectory of monetary policy. Currently, gold futures are quoting at $4512.60 an ounce, down 0.14% on the day. Silver futures are also trading lower at $75.34 an ounce.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué, kindly update your Email ID, Mobile Number and Income Range in your CDSL Demat Account on or before 31st May 2021. Non-compliant accounts will become inactive after 31st May 2021.  |  Prevent unauthorized transactions in your Demat account by updating your registered mobile number with your Depository Participant. Receive alerts for all debit and other important transactions directly from CDSL.  |  No need to issue cheques while subscribing to an IPO. Simply authorize your bank account in the application form.  |  KYC is a one-time process. Once completed through a SEBI-registered intermediary, you do not need to repeat it with another intermediary.  |  Update your mobile number and email ID with your stock broker to receive transaction alerts directly from the Exchange.