Gold Losses Ease as Trump Postpones Iran Energy Strikes
Gold and silver prices fell over 10% as investors favored higher-yielding euro zone government bonds amid inflation fears from Iran conflict, market strategists said.
- On Monday, March 23, 2026, gold and silver prices in India's domestic market fell more than 7% as a broader sell-off resumed, with spot gold down 7.8% in London and silver futures trading 11.7% lower globally.
- Escalation in the Iran conflict raised fears of prolonged energy-supply disruptions and higher inflation, while a strengthening US dollar and rising euro zone government bond yields shifted investor interest away from non-yielding precious metals.
- Spot gold has lost around 25% since its record high of $5,594.92 at the end of January, while silver hit a year-to-date low of $62.24, roughly half its $117 level on Feb. 28 when the Iran war began.
- Colin Shah, MD of Kama Jewelry, warned that disrupted oil supply and a stronger dollar will push central banks toward tighter policy, curbing domestic consumption and hurting gems and jewellery exports.
- Markets now expect that sustained high oil prices could force central banks to adopt a more hawkish stance, limiting the appeal of non-yielding assets like gold and redirecting flows toward government bonds.
30 Articles
30 Articles
Prices for precious metals have continued to fall since the beginning of the Iran war – especially for silver. The development of the gold price is paradoxical.
Gold, silver crash over 7% amid West Asia tensions, strong dollar shifts investor focus
Gold and silver prices in the domestic market witnessed a sharp decline of more than 7 per cent on Monday amid ongoing tensions in West Asia, global economic concerns and a strengthening US dollar, which has shifted investor interest away from precious metals.
The prices for gold and silver fell again strongly at the beginning of the week.The profits from the beginning of the year have now been completely consumed by the Iran war ... A fine ounce (about 31.1 grams) Gold cost on Monday in early trade only slightly more than 4300 dollars (3721 euros) and thus four percent less than on Friday night.Gold is thus different in the Iran war than in many other wars and crises before anything than the so-calle…
Since the beginning of the Iran war, the price of gold has fallen by more than 18 percent. The fine ounce of gold currently costs slightly more than $4,300.
The Iran war completely consumes the previous annual profit in the gold price. A fine ounce now costs 4300 dollars. Even more drastic are the developments in silver.
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