Gold, silver rates today: Comex gold, silver prices fall up to 3% amid uncertainty over US-Iran ceasefire deal

Geopolitical stability often reduces the safe-haven appeal of gold. US-Iran tensions are a major driver for global commodity prices.

Short-term bearish for gold and silver. Watch for further developments in US-Iran talks for directional cues.

For Indian markets, this story mainly matters for the metals pocket. The current signal is bearish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the market validates this read through price action, volume, and breadth. If the headline matters, the signal should show up in execution, not just in commentary.

• •Gold and silver rates plunged over 3% on Thursday.
• •The fall is amid uncertainty over a US-Iran ceasefire deal.
• •Risk flag: Geopolitical uncertainty can reverse trends quickly
• •Risk flag: US inflation data could impact gold's appeal