In a volatile session on Monday, gold prices increased by ₹598, reaching ₹1,59,145 per 10 grams in futures trade, driven by ongoing geopolitical tensions in West Asia.
On the Multi Commodity Exchange, the yellow metal for June delivery rose by ₹598, representing a 0.38 percent gain. Meanwhile, in international markets, Comex gold futures for the June contract were trading slightly lower at $4,553.40 per ounce in New York.
According to Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd, gold prices recently fell to a one-and-a-half-month low due to rising global bond yields, a stronger US dollar, and persistent tensions in the Middle East. He noted that US 10-year yields reached a one-month high, while Japanese 10-year yields surged to a 29-year high. These developments reflect the market’s increasing concern regarding energy-driven inflation stemming from the ongoing conflict between Washington and Tehran.
Modi indicated that investors will be closely monitoring upcoming preliminary PMI data from major economies, US housing data, and China’s loan prime rate decision for further insights on trends in growth and inflation.
Published on May 18, 2026.
