Gold and silver prices witnessed a significant surge on Friday, driven by shifting global market sentiments. The rally comes as investors scaled back expectations of future US Federal Reserve interest rate hikes following softer-than-expected U.S. nonfarm payrolls data. This cooling economic indicator has put global gold on track for its first weekly gain in five weeks.
Gold and silver prices in India witnessed a downward correction on Tuesday, June 30, 2026, dropping around 1% as global investor sentiment improved. The slip comes on the heels of stabilizing geopolitical factors, including easing friction between Tehran and Washington. Additionally, progress on the long-discussed India-US bilateral trade agreement—which US Ambassador Sergio Gor noted is in its final 1% to 2% of legal drafting—has further anchored market stability.
