After nine consecutive days of decline, gold and silver prices have started gaining again on Wednesday, March 25, 2026. On the MCX, silver prices jumped by around 5.5%, or over Rs 12,000, to Rs 2,36,137 per kg. Meanwhile, gold prices rose by 4%, or more than Rs 5,500, to Rs 1,44,434 per 10 grams. In the international market, gold prices also gained. Spot gold rose 2.1% to $4,568.29 an ounce on Wednesday, supported by a weaker dollar, signs of easing war tensions and falling crude oil prices, according to Reuters. US gold futures for April delivery climbed 3.8% to $4,569.40 per ounce, while spot silver increased 3.8% to $73.94 per ounce.
Gold and silver prices are likely to remain volatile amid ongoing tensions in the Middle East. While silver prices continue to fluctuate, gold prices saw a rise on Tuesday after US President Donald Trump announced on Monday that attacks on Iranian power plants would be suspended for five days. Silver prices also showed some improvement.
However, doubts remain over the effectiveness of the announcement, which continues to weigh on investor sentiment. Meanwhile, noted commodity expert and Kedia Advisory director Ajay Kedia said that gold and silver prices may decline.
How Much Can Gold and Silver Prices Fall?
According to Ajay Kedia, gold prices may drop to Rs 1,15,000 per 10 grams, while in the international market, gold could fall to $3,450–$3,500 per ounce. For silver, he said MCX prices may decline to around Rs 1,75,000 per kg.
However, historical trends suggest that after an initial fall during periods of conflict, gold and silver prices tend to recover later. Based on this, Kedia indicated that bullion prices could rebound in the second half of the year.
Also Read | Iran Demands These Conditions After Trump’s 15-Point Ceasefire Plan Proposal.
Following Trump’s announcement, the four-day decline in gold prices came to a halt in the Delhi bullion market. According to the All India Bullion Association, gold prices rose on Tuesday, while silver remained unchanged.
The price of 99.9% purity gold increased by Rs 1,200 to Rs 1.44 lakh per 10 grams. Silver prices, meanwhile, remained steady at Rs 2.30 lakh per kg. The rise in gold prices was attributed to improved global cues and buying at lower levels after the recent sharp decline.