New Delhi, May 4 -- Gold and silver rates today, 4 May 2026: Following a rise in crude oil prices after the escalation in the US-Iran war, gold and silver rates today witnessed a sharp sell-off during the Monday session. By 4:00 PM IST, the COMEX gold rate today is oscillating around $4,535/oz, logging an intraday loss of nearly 2.30%. The MCX gold rate shed over Rs.1,500 per 10 gm and slipped below the Rs.1,50,000 levels.

Likewise, the COMEX silver rate today corrected nearly 5% to around $72.60/oz, and the MCX silver rate lost over Rs.6,200 per kg and slipped below Rs.2,45,000 per kg.

According to market experts, gold and silver rates are under pressure after the news reports of Iran firing two missiles at a US warship, which has esca...