Gold falls ₹2,800 per 10g while silver jumps ₹2,000/kg amid US-Iran tensions and global market uncertainty affecting bullion prices.
The Indian bullion market experienced extreme volatility on Tuesday as gold prices dropped sharply by ₹2,800 per 10 grams, while silver prices climbed by ₹2,000 per kilogram, marking a rare divergence in precious metal trends.
According to market data, 99.9% pure gold in the national capital fell to approximately ₹1,62,400 per 10 grams (including taxes), compared to the previous closing of ₹1,65,200.
Meanwhile, silver surged to a record level of around ₹2,73,000 per kilogram, up from ₹2,71,000 in the previous session.
What Triggered the Sudden Price Movement?
Market analysts link this sharp movement to rising geopolitical uncertainty, particularly surrounding US-Iran relations and ongoing tensions in the Middle East.
also read:- Gold Rises For Second Straight Day While Silver Slips;…
Experts from commodity research desks noted that investors shifted toward safer assets like the US dollar amid unclear diplomatic progress. This reduced gold’s short-term demand, leading to a price correction.
At the same time, silver attracted buying interest due to industrial demand expectations and speculative positioning, pushing prices higher.
Global Market Trends
In international markets:
Spot Gold Prices fell nearly 1% to around $4,534.69 per ounce
Silver dropped more than 2% to nearly $76.49 per ounce
The global decline in gold reflects cautious investor sentiment as geopolitical developments continue to fluctuate.
Middle East Tensions Add Pressure
Reports of escalating military activity, including incidents involving US operations and Iranian responses, have increased uncertainty across global markets.
Ongoing discussions over ceasefire stability have further failed to produce concrete outcomes, adding pressure on risk-sensitive assets like gold.
Outlook: What Happens Next?
Experts suggest that bullion prices may remain volatile in the short term. If diplomatic progress between the US and Iran improves, oil prices could stabilize, which may also ease inflation concerns and support gold recovery.
However, continued tensions could keep markets unpredictable, with silver potentially maintaining stronger momentum due to industrial demand.
For More Hindi News: http://newz24india.com