Gold, silver rate crash today LIVE: Following the recovery in the WTI crude oil and the US dollar rates, the gold and silver prices opened with downside pressure during the early morning deals on Tuesday. The WTI crude oil price today opened with an upside gap and reached an intraday high of $91.67 per barrel, logging a gain of more than 4%. The US Dollar Index surged by around 0.25% but remains close to the 99 level. This put the precious metals under pressure. The COMEX gold rate today opened with a downside gap and touched an intraday low of $4,362.61/oz, losing over one per cent against its previous day’s close. Likewise, the COMEX silver rate today opened lower and touched an intraday low of $66.953/oz, logging more than 2.50% loss against its previous day’s close.
On Monday, the gold and silver prices recovered after taking a sharp beating on Monday, March 23, after US President Donald Trump signalled a thaw in the Middle East conflict.
Gold prices tumbled as much as 10% in the domestic futures market on the MCX to below ₹130,000 per 10 grams. However, they recovered and were trading 4% lower. Meanwhile, silver futures tanked almost 12% and slipped below ₹2,00,000 lakh at day’s low and were also off lows and trading down 3%.
Trump said he had asked the Department of Defence to postpone “any and all” military strikes against Iranian power plants and energy infrastructure for five days, suggesting a thaw in Middle East tensions.
If there is any meaningful de-escalation in geopolitical tensions and clarity on rate cuts, gold could witness a sharp recovery, with $5000 not ruled out on the upside, said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Request you to please incorporate his views in your story.
Is it wise to buy gold and silver ETFs?
Amid highly volatile gold and silver prices, it is better to invest in the gold and silver ETFs as the prices are still high and one can invest in gold and silver from small amount, which means nothing in the physical bullion retail market.
— Anuj Gupta, a SEBI-registered market expert
Are gold and silver prices following equities?
The recovery in the Indian stock market today was broad-based, with all sectors ending in positive territory. Travel and tourism stocks, which had been sharply under pressure in recent sessions, staged a strong rebound, gaining nearly 4% as hopes of a temporary pause in geopolitical tensions lifted sentiment. Autos, banking, media, and IT stocks also posted solid gains of 2–3%, reflecting a relief-driven bounce rather than aggressive risk-on positioning.
Precious metals mirrored this trend, with both gold and silver recovering in the second half after a weak opening, stabilising near previous levels as markets awaited clearer directional cues.
— Ponmudi R, CEO of Enrich Money
Why are gold and silver prices falling?
That said, gold and silver prices have erased 2026 gains amid the Middle East conflict. The steep decline is being attributed to rising inflation concerns and a surge in crude oil prices, which have weighed on the global economic outlook. Additionally, a stronger US dollar and higher bond yields have triggered liquidity-driven selling, reducing gold’s appeal as a safe-haven asset.
Analysts note that the sell-off has been driven largely by forced liquidation and cash-raising by institutional investors, particularly from the Gulf region. In times of heightened uncertainty, investors often sell highly liquid assets like gold to raise cash, rather than holding them as safe havens.
This should not be interpreted as a failure of gold as a hedge, but rather as a phase where liquidity stress temporarily overrides its defensive appeal, said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.
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