India, May 19 -- Precious metals found themselves at the centre of a three-way tug-of-war on Monday pulled by geopolitical relief, pushed back by Indian government policy, and squeezed from below by mounting fears that central banks globally have little room to cut rates. The session saw gold and silver diverge sharply in direction and momentum, with domestic policy changes amplifying moves that might otherwise have been modest.

Gold Steadies; Silver Slides MCX gold futures for June 2026 delivery edged up Rs. 500 to Rs. 1,59,899 per 10 grams, recovering after having touched a 1.5-month low of $4,488.99 per ounce in international spot markets during earlier trading. By the close of the session, spot gold had clawed back to around $4,565.4...