The conflict between Israel and Iran has increased again and both countries have attacked each other. If this conflict increases further, the situation in the international market may worsen. The prices of gold and silver fell after the war in the Middle East started and have continued to fall since then. At the beginning of the year – especially in January – both gold and silver were trading at record levels. However, after Israel’s attack on Iran on February 28, prices started falling due to uncertainty in the market and increase in crude oil prices. Today, gold and silver prices are again falling in the global market.
Gold prices have fallen due to the latest US job market data, which has led to a big fall of 8 percent in silver prices. According to COMEX data, the price of gold fell $13 to $4,350 an ounce in the global market on Tuesday morning. Similarly, the price of silver has fallen to $68 an ounce. In January, gold reached a high of $5,595 an ounce; At that time, the price in the domestic market had also reached ₹1.92 lakh per 10 grams.
Gold price falls by $150 per ounce
Gold prices fell by $150 an ounce in a single trading session as US employment data came in better than expected and the likelihood of an interest rate cut diminished. Fluctuations in international market prices often affect the domestic market as well. Recently, the Central Government had increased the excise duty (import duty) from 6% to 15% to reduce the import of gold. After this step of the government, a huge increase in the prices of gold and silver was seen in the domestic market.
**Slight increase in domestic market**
An increase in gold and silver prices was seen at the end of Monday’s trading session. According to rates announced on www.ibjarates.com on Monday evening, the price of 24-carat gold rose to ₹1,51,489 per 10 grams. Similarly, the price of 23-carat gold reached ₹1,50,882 per 10 grams and the price of 22-carat gold reached ₹1,38,764 per 10 grams. The price of 18-carat gold rose to ₹1,13,617 per 10 grams. Silver prices also increased and closed at ₹2,44,300 per kg.
**How much did gold and silver prices fall this year?**
In the local market, gold prices have increased by ₹21,000 during the year 2026. However, gold prices have seen a decline since the Gulf War began. Apart from gold, the price of silver has also fallen by more than ₹1.5 lakh from its all-time high. A decline in the prices of gold and silver is being seen on Tuesday also. Today the price of gold fell again in the global market; It fell by $13 and reached $4,350 an ounce.
