New Delhi A significant decline was recorded in the bullion market today, where gold prices fell by approximately ₹12,000 and silver by nearly ₹31,000. This drop is considered one of the sharpest fluctuations in recent times.

Amid the ongoing conflict between the US-Israel and Iran, the continuous decline in gold and silver prices persists. According to the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold has decreased by 12,077 rupees to 1.35 lakh rupees. Media reports indicate that such a significant drop in gold prices has occurred in 40 years. Previously, its price was 1.47 lakh.

Meanwhile, the price of one kilogram of silver has fallen by 30,864 rupees to 2.01 lakh rupees. Prior to this, on Friday, its price was 2.32 lakh rupees per kilogram. Due to the US-Iran conflict, gold has become cheaper by 23,956 rupees and silver by 65,200 rupees in 24 days.

According to experts, several global and domestic factors could be behind this decline—

  • Strength of the dollar in the international market
  • Anticipation of changes in interest rates
  • Investors moving away from safe-haven assets
  • Reduction in geopolitical tensions

Gold typically strengthens during times of uncertainty, but when markets move towards stability or investors turn to alternatives like equities, a decline in its prices is observed.

The decline in silver is greater than in gold because it is also used in industrial sectors. When industrial demand decreases, more pressure is exerted on silver.

What signals for investors?

This decline sends two types of signals for investors—

  • Caution in the short term: Prices may fall further
  • Opportunity in the long term: A chance to buy on the dip

Experts advise avoiding large, hasty investments and to invest in a phased manner.

Overall, this major decline in gold and silver has stirred the market, and all eyes will remain on the direction of prices in the coming days.

New Delhi

New Delhi is the capital of India, officially inaugurated in 1931 as the new seat of the British Indian government, replacing Calcutta. It was designed by British architects Edwin Lutyens and Herbert Baker, featuring wide boulevards and grand colonial-era buildings like the Rashtrapati Bhavan and India Gate. Today, it serves as the political and administrative heart of the country, blending its planned imperial history with the vibrant, modern metropolis of Delhi.

US-Israel

“US-Israel” refers to the extensive diplomatic, military, and cultural alliance between the United States and the State of Israel. Formally established after Israel’s founding in 1948, the relationship has deepened over decades, with the U.S. becoming Israel’s primary international partner. This bond is rooted in shared democratic values, strategic interests in the Middle East, and significant historical ties.

Iran

Iran, historically known as Persia, is a country in Western Asia with one of the world’s oldest continuous civilizations, dating back to the Elamite and Achaemenid Empires over 2,500 years ago. It is renowned for its profound cultural heritage, including magnificent Islamic architecture, intricate Persian carpets, poetry, and gardens, deeply influenced by successive dynasties and its role as a center of art, science, and Zoroastrian and later Islamic thought. Today, it is home to numerous UNESCO World Heritage sites, such as Persepolis and Naqsh-e Jahan Square, which reflect its layered history from ancient empires to the modern Islamic Republic.

India Bullion and Jewellers Association (IBJA)

The India Bullion and Jewellers Association (IBJA), established in 1919, is one of India’s oldest and most influential trade bodies representing the bullion and jewellery industry. It plays a crucial role in setting industry standards, facilitating trade, and acting as a key advisor to the government on policies related to gold, silver, and precious stones.

US-Iran

The relationship between the United States and Iran has been a complex and often adversarial diplomatic history since the mid-20th century. A key turning point was the 1979 Iranian Revolution, which overthrew the US-backed Shah and led to the US Embassy hostage crisis, severing formal diplomatic ties. Decades of sanctions, tensions over Iran’s nuclear program, and regional conflicts have defined this strained relationship, with intermittent attempts at negotiation.