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Gold and Silver Continue to Fall for Second Day Even as Geopolitical Tensions Rise

Gold and silver prices in India declined for the second consecutive day, even as geopolitical tensions in the Middle East remain high due to the ongoing conflict involving the United States, Israel, and Iran. Traditionally, precious metals like gold tend to rise during periods of global uncertainty, but this time the trend appears to be different.

Market experts say that a stronger US dollar and rising US Treasury yields have put pressure on gold and silver prices globally. As a result, both metals have slipped despite ongoing geopolitical risks.

In the national capital Delhi, the price of 24-carat gold dropped by ₹10 per 10 grams, while 22-carat gold also declined by ₹10 per 10 grams on Tuesday. Over the past two days, gold prices have fallen significantly, with 24-carat gold dropping by ₹1,970 per 10 grams and 22-carat gold declining by ₹1,810 per 10 grams.

Silver prices have also followed the downward trend, falling for the second day after remaining stable for four days.

Latest Gold Prices in Major Indian Cities

Here are the current gold prices (per 10 grams) for 24K, 22K, and 18K gold across ten major cities in India.

Prices may vary slightly across jewelry stores depending on making charges, local taxes, and other costs.

Silver Prices Also Decline

Silver prices have also dropped after remaining stable for several days.

In Delhi, silver is currently priced at around ₹2,79,900 per kilogram, falling by about ₹100 today. Over the last two days, silver prices have dropped by approximately ₹5,100 per kilogram.

In other major cities:

• Mumbai: ₹2,79,900 per kg

• Kolkata: ₹2,79,900 per kg

• Chennai: ₹2,89,900 per kg

Among the major metro cities, Chennai currently has the highest silver prices.

Why Gold and Silver Are Falling Despite the War

Normally, precious metals like gold are considered safe-haven assets during geopolitical conflicts. However, several global financial factors are currently limiting price gains.

1. Strengthening US Dollar

A stronger US dollar generally makes gold more expensive for buyers using other currencies, reducing global demand and pushing prices lower.

2. Rising Treasury Yields

Higher US bond yields attract investors toward interest-bearing assets such as bonds rather than gold, which does not provide regular returns.

3. Profit Booking by Investors

After recent sharp rallies, many investors have chosen to book profits, which has also contributed to the recent decline in gold prices.

4. Diversification of Safe-Haven Investments

Investors are increasingly exploring other safe investment options, which can split demand away from traditional assets like gold.

What Investors Should Watch Next

Market analysts expect gold prices to remain volatile in the short term, especially as global geopolitical developments continue to evolve. Factors such as interest rate policies, inflation trends, currency movements, and geopolitical tensions will likely influence price movements in the coming weeks.

For buyers planning to invest in gold jewelry or bullion, tracking daily price movements and global market developments can help in making informed purchasing decisions.