Gold and Silver Price Today: The underlying fundamentals of gold remain the same
“Rising oil prices as a result of escalating geopolitical tensions in Iran have heightened inflationary concerns and complicated the outlook for monetary easing,” said Christopher Wong, strategist at OCBC.
Market participants widely expect the US Federal Reserve to keep interest rates unchanged at the conclusion of its next two-day meeting on March 18, according to CME Group’s FedWatch tool.
“The underlying fundamentals (for gold) have not changed materially. Structural drivers such as geopolitical uncertainty, policy unpredictability and portfolio diversification needs remain intact,” Wong added.
Gold and silver prices today: Oil and gas prices rise
Meanwhile, global oil and gas prices jumped sharply after the US-Israel conflict with Iran disrupted energy exports from the region. Tehran targeted ships and energy infrastructure, closed shipping routes in the Gulf, and led to the cessation of production in areas extending from Qatar to Iraq.
Stock markets fell around the world as disruptions to energy flows in the Middle East exacerbated investor concerns about rising price pressures.
“Rising oil prices as a result of escalating geopolitical tensions in Iran have heightened inflationary concerns and complicated the outlook for monetary easing,” said Christopher Wong, strategist at OCBC.
The price of gold and silver today: what are the expectations?
“I think for gold to ignore this over several days would not be surprising because it tends to its own narrative and is resilient despite everything the dollar is doing, despite what yields have been doing since the beginning of last year,” said Ilya Spivak, head of global macro at Tastylive.
Gold and silver price today: Gold fell 4% on Tuesday
On Tuesday, gold fell more than 4%, sliding to its weakest level since February 20. The decline was driven by a strengthening US dollar and fading expectations of interest rate cuts, with inflation concerns rising amid fears of continuing tensions in the Middle East.
Gold and silver prices today: Silver rises by more than 2%
Gold and silver started Wednesday’s session with strong gains on the Indian Multi Commodity Exchange, as intensifying US-Israeli air strikes on Iran and escalating geopolitical tensions led to increased buying in safe-haven assets.
MCX April 2026 gold futures rose over Rs 2,157, or 1.33%, to trade at Rs 1,63,265 per 10 gram. Meanwhile, silver contracts for delivery in May 2026 jumped to Rs 5,682, registering a 2.1% rise to Rs 2,71,000 per kg.
The price of gold and silver today: Gold advances by more than 1%
Gold extended gains on Wednesday, rising more than 1% after touching its lowest level in more than a week in the previous session. This rebound came as the intensification of US-Israeli air strikes on Iran exacerbated geopolitical tensions, prompting investors to seek refuge in safe-haven assets.
In the spot market, gold rose 1.6 percent to $5,168.69 an ounce by 0249 GMT. Meanwhile, US gold futures for April delivery rose 1.1% to $5,178.40.
Live gold and silver price update today: Gold prices have been volatile in trade since early February after a record high over the past 18 months. Silver prices have also touched record levels in the recent past. On Tuesday, gold fell by 4% in international markets due to the rise in the dollar. Over the past few years, gold and silver prices have risen steadily, outperforming stocks in terms of returns. Aggressive gold buying by central banks has driven up gold prices in recent years, while rising industrial demand has worked in favor of silver prices. Analysts believe that short-term volatility in the two precious metals is likely to continue, although the long-term uptrend is expected to remain intact.
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