Gold prices on India’s MCX trade volatile as markets weigh developments around US-Iran talks and Middle East tensions alongside changes in expectations for the US Federal Reserve. In multiple sessions, MCX gold futures alternately rise modestly and fall, with prices mostly ranging between roughly Rs 1.41 lakh and Rs 1.50 lakh per 10 grams. Reported moves include declines to around Rs 1.38 lakh, Rs 1.41 lakh and Rs 1.43 lakh, alongside increases to about Rs 1.45 lakh, Rs 1.45-1.46 lakh and a brief trade above Rs 1.50 lakh. Silver futures also move lower in most reports, with falls cited around 0.35% to over 2.5%, pushing prices roughly into the Rs 2.20 lakh to Rs 2.50 lakh per kg range.

Several reports link gold’s direction to macro factors such as a firmer US dollar and US inflation data, while others cite the Fed’s hawkish or less-hawkish stance. Ahead of or amid US-Iran developments, traders keep responding to shifting risk sentiment, leading to frequent swings in both gold and silver.