Gold Silver Price Today: On March 26, 2026, the prices of gold and silver on COMEX have once again taken a U-turn. Yesterday, a bullish trend was seen in both domestic and international futures markets. However, today the prices have fallen again. On COMEX, the price of gold has stabilized at $4,529.50 an ounce.
Yesterday morning, it was at $4,572.60 an ounce. Today, the price of silver reached $72.160 per ounce. It opened at $71.505 per ounce, whereas yesterday morning it was at $77.30 per ounce. In the domestic commodity market, especially MCX, on Wednesday, gold prices closed at Rs 144,100 per 10 grams after a gain of 3.73%, while silver prices closed at Rs 234,700 per kg after a gain of 4.80%.
Why did gold and silver prices take a U-turn on March 26?
On March 25, a huge jump was recorded in the prices of gold and silver, mainly due to the fall in crude oil prices. US President Donald Trump had claimed that he would hold peace talks with Iran. Apart from this, he also said that America will get a big “gift” of oil and gas from Iran. After these developments, a huge fall in crude oil prices was recorded. However, today on Thursday, the price of Brent crude oil has once again crossed the level of $103 per barrel. The effect of this change can be clearly seen in the entire commodity market.
There is a tense situation at present
The conflict that started in the Middle East has now entered its 27th day. In times of geopolitical tension, gold and silver prices usually rise. However, at this particular juncture, it appears that macroeconomic factors are having a more profound impact on the market.
The strengthening of the US dollar index and the rise in crude oil prices are currently becoming the main reasons for the fall in gold and silver rates. If this tension persists for a long time, it could have a deep and significant impact on the commodity market.
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