New Delhi, India – March 19, 2026
Gold and Silver Prices Decline Amid Global Uncertainty
Precious metals Gold and Silver witnessed a sharp decline on Thursday as global tensions and a stronger US dollar weighed on bullion markets.
Silver prices fell by ₹14,230 to ₹2.33 lakh per kilogram, while gold dropped by ₹5,330 to ₹1.48 lakh per 10 grams, reflecting weak investor sentiment.
MCX Prices Show Continued Pressure
On the Multi Commodity Exchange (MCX), both metals remained under pressure. Gold (24K) declined 0.57% to trade at ₹1,52,150 per 10 grams, while Silver slipped 1.21% to ₹2,45,197 per kilogram.
Market participants remained cautious amid global volatility and currency movements.
Global Tensions and Strong Dollar Impact Bullion
Experts attribute the decline to rising geopolitical tensions, particularly involving the US and Iran, along with ongoing instability in West Asia. The surge in crude oil prices has strengthened the US dollar, which typically puts downward pressure on gold and silver prices.
Fed Policy Signals Add to Market Pressure
The US Federal Reserve’s latest monetary policy decision also influenced market sentiment. The Fed kept interest rates unchanged in the range of 3.5% to 3.75% for the second consecutive meeting.
Investors closely tracked remarks from Fed Chair Jerome Powell, as concerns over inflation and global uncertainty continue to shape expectations.
Global Market Trends in Precious Metals
In international markets, precious metals also showed weakness. Spot Gold declined 1.22% to $4,836 per ounce, while spot Silver dropped over 2.25% to $75.75 per ounce.
So far in March, gold prices have fallen around 4%, while silver has seen a sharper correction of nearly 16%, indicating subdued investor sentiment in the bullion segment.
