Gold, Silver Rate Today Live Updates: International gold prices rise as crude drops on hopes of US-Iran conflict nearing an end

Gold prices inched lower, while Silver languished, as markets remained cautious over the inflationary impact of the ongoing Iran conflict, even as US officials hinted at some progress in peace negotiations. Persistent disruptions to Middle East energy supplies continued to keep crude oil prices elevated, fueling concerns that inflationary pressures may remain sticky across major economies. A series of stronger-than-expected global inflation readings reinforced expectations that central banks could maintain a hawkish stance for longer, a trend that generally weighs on non-yielding assets like gold.

US President Trump and Vice President JD Vance both indicated that negotiations with Iran were advancing, after Trump earlier delayed a planned military strike following requests from Gulf leaders. Trump stated that “serious negotiations” were underway, while also warning that the US military remained prepared for immediate action if talks failed. Iran reportedly submitted a proposal seeking a halt in hostilities across the region along with reparations for war-related damages.

Meanwhile, bond markets remained under pressure, with US Treasury yields hovering near multi-year highs as traders increased bets on higher rates amid the inflation shock from surging energy prices. The benchmark US 10-year yield climbed near 4.67%, while the 30-year yield traded above 5.18%, levels last seen in 2007.

A stronger dollar and elevated yields continued to cap gains in bullion. Market participants are discounting a 5% probability for a rate hike in next meeting weighing on prices. Markets will closely watch the release of the FOMC meeting minutes later today for further clarity on the Federal Reserve’s policy outlook and inflation concerns, says Manav Modi Commodities Analyst Motilal Oswal Financial Services Ltd.