New Delhi, Gold prices dipped 0.81 per cent during the week as negotiations between the United States and Iran stalled, denting hopes for near‑term interest‑rate cuts.

On Friday, MCX gold June futures gained 0.01 per cent while MCX silver May futures inched up 0.49 per cent. Currently, gold futures stand at Rs 1,51,363, while silver futures stand at Rs 2,47,500 per kg.

The price of 10 grams of 24-carat gold was at Rs 1,50,263 on Thursday, down from Rs 1,51,495 seen on Monday market opening, according to data published by the India Bullion and Jewellers Association (IBJA).

In international markets, bullion dropped as much as 1.2 per cent on Friday after gaining 1.5 per cent in the previous session, weighed down by rising energy costs and firmer Treasury yields. Gold has fallen nearly 14 per cent since the US-Iran conflict began on February 28, 2026, traders said.

The Iranian administration maintained that the US blockade would have to end before the Strait of Hormuz could be reopened, according to multiple media reports. Iranian state media said that Tehran had delivered a fresh proposal for talks to Pakistani mediators, but both sides signalled they were waiting for the other to make the first move.

“While diplomatic engagements remained active, the absence of a decisive breakthrough kept the geopolitical risk premium firmly embedded in prices,” an analyst said.

US inflation data showed the headline PCE price index at 3.5 per cent in March, at its highest level in nearly three years, reinforcing the view that policy rates may stay higher for longer.

Analysts said that rising energy prices could lead to central banks maintaining interest rates higher for longer, which would pressure non-yielding assets like gold.

Crude oil traded with heightened volatility through the week but retained a firm undertone, holding near elevated levels as concerns around potential supply disruptions persisted. The market continues to price in risks to global oil flows, limiting meaningful downside and providing support on dips.

Precious metals entered a phase of corrective consolidation following their recent safe-haven rally, analysts said.

Gold and silver witnessed intermittent profit booking at higher levels through the week, while selective buying interest emerged near key support zones. Safe-haven demand has eased marginally but continues to lend support on declines amid lingering uncertainty.

COMEX gold traded near the $4,620–$4,650 zone, and a major resistance is seen at the $4,700–$4,760 levels. Overall, the trend remains constructive with a cautious near-term bias, with strength dependent on a breakout above resistance.

COMEX Silver is currently trading above $76, and the broader trend remains constructive but with a cautious near-term bias, market participants said.

Mumbai: Maharashtra Governor Jishnu Dev Verma and Chief Minister Devendra Fadnavis today (May 1, 2026) launched the Census-2027 campaign being conducted by the Government of India by conducting digital self-enumeration from Mumbai. The Governor and the Chief Minister also appealed to the citizens to participate in this national census themselves. The first phase of Census-2027, i.e. self-enumeration, is being implemented by the Government of India from May 1, 2026. In this context, Maharashtra State Governor Jishnu Dev Verma launched the Census-2027 campaign at an official office of the Census Bureau in Mumbai. The Governor’s wife Sudha Dev Verma was present on the occasion. Maharashtra State Chief Minister Devendra Fadnavis conducted the self-enumeration at Varsha’s official residence in Mumbai and enrolled in Census-2027. The Chief Minister’s wife Amrita Fadnavis and daughter Smt. Devija Fadnavis were present on the occasion. Meanwhile, Bombay High Court Chief Justice Chandrashekhar, Maharashtra Legislative Assembly Speaker, Advocate Cultural Affairs and Information Technology Minister Rahul Narvekar and Mumbai Suburban District Caretaker Minister Advocate Ashish Shelar, Minister for Skills, Employment, Entrepreneurship and Innovation and Co-Caretaker Minister of Mumbai Suburban District Mangala Prabhat Lodha, Mumbai Mayor Ritu Tawde, Deputy Mayor Sanjay Gadi and other dignitaries also participated in the census drive by counting themselves. Additional Municipal Commissioner (Western Suburbs) and Additional Principal Census Officer Dr. Vipin Sharma, Additional Municipal Commissioner (City) Dr. (Ms.) Ashwini Joshi, Maharashtra Principal Census Officer Dr. Nirupama J. Dange, Additional Municipal Commissioner (Projects) Abhijeet Bangar, Additional Municipal Commissioner (Eastern) Joint Commissioner (Additional Municipal Commissioner). (Function) M. Devendra Singh, Secretary to the Governor Dr. Prashant Naranwar, Joint Director (Census) Santosh, Deputy Registrar General of Census A. N. Rajiv, Census Officer of Municipal Corporation Dr. Santosh Gaikwad and other concerned officers were present on the occasion. Municipal Corporation Commissioner and Principal Census Officer Ashwini Bhide were present on the occasion. Additional Municipal Commissioner (Western Suburbs) Dr. Vipin Sharma, Additional Municipal Commissioner (City) Dr. Ashwini Joshi, Additional Municipal Commissioner (Projects) Abhijit Bangar, Additional Municipal Commissioner (Eastern Suburbs) Dr. Avinash Dhakne, Census 2027 is being conducted in urban areas.
In this regard, Additional Municipal Commissioner (Western Suburbs) and Additional Principal Census Officer Dr. Vipin Sharma said that Census 2027 will be conducted in two phases. In the first phase, citizens will have to do the self-enumeration digitally from May 1 to 15, 2026. For this, you will have to register on the website https://se.census.gov.in and do the self-enumeration. In addition, you will have to answer the 33 questions given in it. It is possible to do the self-enumeration in just ten minutes. Under this, the census takers will go door to door from May 16 to June 14, 2026 to verify and verify the information. The second phase of the census will begin in February 2027. In which the actual enumeration will be done door to door. In the Mumbai (Mumbai city and suburbs) area, about 25 thousand employees are working for the census on behalf of the Mumbai Municipal Corporation. Mumbaikars should participate spontaneously in this census. In addition, Dr. Vipin Sharma has appealed on behalf of the Brihanmumbai Municipal Corporation administration to provide accurate information and cooperate with the enumerators visiting homes for the census.

Mumbai: A shopkeeper was attacked and killed in a shop in Kandivali Lokhandwala, Mumbai. The Samtanagar police have claimed to have arrested Bala Patil, a gangster who demanded money from a cross, on charges of attempted murder. According to the police, the accused tried to attack the shopkeeper last afternoon, along with which his employee was injured in the attack. Several criminal cases have been registered against the accused and he was also sent to the city for abduction. His aim was to create terror and chaos in the area with this incident. Therefore, the police have arrested him for creating terror and the murderous attack. The CCTV footage of the incident also went viral, after which the police have arrested the gangster and taken action.