Big reversal in the prices of gold and silver amid the US-Iran war, prices broke for the first time during the war; See today’s new rate card

It has been three months since tensions between America and Iran started in the Middle East (West Asia). Meanwhile, news of agreement regarding ceasefire is coming from both the countries, due to which the global markets have heaved a sigh of relief. However, these peace talks faltered a bit when a day earlier the US carried out an airstrike on southern Iran citing self-defense. Despite this tension, it is a matter of relief that diplomatic talks between the two countries have not stopped. Ever since the geopolitical crisis started in the region, huge fluctuations are being seen in the prices of gold and crude oil.

On Wednesday morning, gold prices were seen almost flat in the international market due to expectations of a peace agreement between America and Iran. In the domestic Indian market, a significant decline was recorded in the prices of both gold and silver in yesterday’s (Tuesday) trading session.

International Market: Gold fell by $1000 from January’s all-time high

If seen globally, the rate of gold in the international market on Wednesday morning $4,510 per ounce But remained stable. Let us tell you that due to geopolitical uncertainty at the beginning of the year i.e. in January 2026, gold will reach its record highest level. $5,500 per ounce Had reached. Since then, due to slight lull in global tensions and profit booking by big investors, gold prices have fallen and are now trading in the range of $4,500.

On the other hand, a slight recovery was seen in the futures prices of gold and silver on COMEX on Wednesday, where gold was trending near $ 4,507 an ounce and silver around $ 77 an ounce.

For the first time, prices are decreasing due to geo-political crisis.

It is generally seen that whenever war or tension increases between any two countries of the world, investors withdraw money from the stock market and invest in gold considering it as the safest option (safe haven), due to which the prices of gold start touching the sky. But this time the market trend is a little different. Gold prices are coming down for the first time amid the Iran crisis, because many big institutional investors are currently withdrawing their money from gold and shifting it to other emerging assets.

Apart from this, the custom duty imposed by the Central Government on the import of gold and silver in the Indian domestic market has recently been reduced. increased from 6 percent to 15 percent This was done so that imports could be controlled. Due to this decision, domestic prices in the Indian markets have remained slightly higher than the international rates, yet a sharp decline was seen in the market yesterday evening.

Today’s latest rate card: Gold and silver prices from 18K to 24K

Official website of Indian Bullion and Jewelers Association (IBJA) (www.ibjarates.comAccording to the latest data released by ), at the end of the trading session yesterday evening, the prices of gold and silver of different purities closed as follows:

Note: The above domestic prices do not include taxes and making charges. Silver prices have fallen by a huge Rs 5,000 per kg in a single day, providing some relief to wedding season buyers.