Gold and Silver Prices Decline, Know the New Rates

The Silver May 5, 2026 contract opened at ?2,43,675 against the previous close of ?2,44,636.

At 11:35 AM, Gold was trading at ?1,52,382, down 0.21% or ?317.

Silver was trading at ?2,43,346 per kg, down 0.53% or ?1,290.Performance of Gold & Silver Amid War-like SituationGold and silver have delivered excellent returns to investors amid global instability over the past year. Gold has given more than 40% return in the last one year and over 18% in the last six months.

Silver has delivered more than 128% return in the last one year and over 61% in the last six months.

Experts say the reason behind this is high volatility in the export market and dollar-based investments.Analysts believe that due to holidays this week, some selling pressure may be seen in gold and silver prices. Traders will keep an eye on peace talks between the US and Iran, crude oil prices, and the US Federal Reserve’s policy decisions.

According to Pranav Mer, Vice President – EBG Commodity & Currency Research at JM Financial Services Limited, the focus this week will remain on the progress of peace talks between the US and Iran and their potential impact on oil, gold, and broader financial markets.

Traders will also closely monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England, and the European Central Bank. Additionally, key US data at the end of the week — such as housing data, Personal Consumption Expenditure (PCE) inflation, consumer confidence, and factory activity figures from major economies — could influence market movements.