The escalating tensions between the US and Iran and the failed peace talks are now directly impacting the bullion market. Despite the international uncertainty, gold and silver prices have fallen sharply, leaving both investors and buyers with a pressing question: should they buy now or wait for further declines?
A sharp drop in prices
On Monday, both gold and silver witnessed a decline in the Multi Commodity Exchange (MCX) and Indian Bullion Market.
24 carat gold reached around Rs 1.50 lakh per 10 grams.
22 carat gold around Rs 1.37 lakh per 10 grams
18 carat gold is approximately Rs 1.12 lakh per 10 grams
Silver fell to around Rs 2.37 lakh per kg.
Weakness was also seen in both gold and silver on MCX, due to which there is uneasiness in the market.
Big drop from all-time high
After reaching its record high in January 2026, now:
Gold has become cheaper by more than ₹50,000 from its highest level.
Silver has fallen to almost ₹2 lakh
Gold has fallen by about 10–11% since the US-Iran tensions began in February.
Why are prices falling?
According to experts, there are several major reasons behind this:
The failure of US-Iran talks
Investors booking profits from safe havens
Dollar strengthens
Global market fluctuations
What to do before Akshaya Tritiya?
This decline has brought relief to buyers ahead of major festivals like Akshaya Tritiya. However, market experts are of two minds:
In the short term, further price volatility is possible
Long term: This dip is considered a good buying opportunity
Advice for investors
Avoid large purchases at once
Buying in small amounts (SIP style) may be a better strategy
Keep an eye on the international situation
This decline in gold and silver prices reflects market volatility, but it could also present a buying opportunity for the general public. Further market volatility is possible before Akshaya Tritiya, so investing wisely is the right decision.
