A slight decline was seen in the prices of gold and silver on March 13. This decline has come at a time when tensions have increased in West Asia. Analysts say that the prices of precious metals have come under pressure due to the strong US dollar, rising bond yields and profit-booking after the recent sharp rise.
Gold and silver fall on MCX
In India, gold for delivery in April 2026 fell by about 0.3% to about ₹ 1,59,800 per 10 grams on the Multi Commodity Exchange (MCX). Whereas silver for May delivery fell by about 0.7% and was seen trading around ₹2,66,000 to ₹2,67,000 per kg.
Earlier this month, due to geopolitical tensions related to Iran and uncertainty in global markets, demand for safe haven had increased, due to which gold and silver reached record highs.
position in the international market
Prices remain slightly strong in the global market. Spot gold is trading above $5,100 an ounce, while spot silver is around $85 an ounce. This indicates that the long-term trend still remains strong.
Why is the pressure coming?
According to Manav Modi, commodity analyst at Motilal Oswal Financial Services, demand for non-interest-bearing investments like gold reduces due to the strong dollar and rising bond yields. Apart from this, investors have also booked profits after the recent rise. Due to increasing volatility in the market, many investors also reduced their positions to raise cash.
Concern about interest rates
Crude oil prices have increased due to tensions related to Iran, which has increased inflation concerns. This has also strengthened the expectation that central banks like the Federal Reserve can keep interest rates high for a long time.
What will be the trend in future?
Experts say that the recent decline can be considered a short term correction. Due to reasons like geopolitical risks, inflation concerns and purchases by central banks, the trend of gold and silver may remain positive in the long term. However, price fluctuations may continue in the coming time, as investors are keeping an eye on the dollar, interest rates and global market conditions.