Gold prices rise by Rs 1,000/10g, silver up Rs 3,100/kg on hopes of Iran peace talks. Key levels to watch today

Gold and silver extended gains for a second straight session on the MCX after renewed U.S.-Iran diplomatic efforts lifted safe-haven sentiment. Gold futures rose Rs 1,000 to Rs 1,42,390 per 10 grams for August 2026 delivery, while silver jumped Rs 3,109 to Rs 2,21,509 per kg for September 2026 delivery. The upside was partly capped by caution after Houthi threats of a naval blockade on Saudi Arabia raised the risk of higher crude prices and broader inflation pressure. Internationally, spot gold rose 0.5% to $4,023.56/oz and silver gained 0.9% to $56.93/oz. The article frames gold as supported by geopolitical risk but vulnerable if higher oil prices keep interest-rate expectations elevated. Traders are advised to watch nearby support/resistance levels and use stop-losses below support.