Gold Silver Price: Crude oil spoils the game of gold and silver, gold and silver prices fall for the second consecutive day

Gold-Silver Price Today 13 March 2026: The rise in crude oil prices due to the US-Iran war has dampened expectations of a US interest rate cut in the near future. Due to this, there was a slight decline in the prices of silver and gold on MCX on Friday. Silver fell 0.7% to Rs 2,66,001 per kg and gold fell 0.3% to Rs 1,59,764 per 10 grams.

In the international market on Friday, the price of gold in Singapore increased by 0.4%, reaching $ 5,099.98 an ounce. Silver also saw a rise of 0.4% and was trading at $ 84.18 an ounce. Apart from this, the prices of platinum and palladium also rose.

fall in gold prices

If we look at weekly basis, gold prices in the international market have closed with a decline this week. The main reason for this was the strengthening of the US dollar. Additionally, rising crude oil prices due to the ongoing war in the Middle East have put further pressure on gold prices. However, some investors bought at lower prices on Friday, causing gold to cross the $5,100 an ounce level, but it is still down more than 1% on a weekly basis.

The biggest concern for gold is rising energy prices and inflation. Higher crude oil prices are fueling inflation, dampening expectations of interest rate cuts from the US Federal Reserve and other central banks. Recent unemployment data suggests the US economy remains strong, making the prospects for an early interest rate cut even bleaker.

US bond yields rise

Additionally, a rise in US bond yields pushed short-term yields to their highest level since August. Most analysts now view the likelihood of an interest rate cut at next week’s Federal Reserve meeting as negative, and the probability of a full year interest rate cut has dropped to 70%. Higher interest rates are generally a negative for precious metals like gold, as they pay no interest.

Also read: Share Market: Chaos in the stock market, Sensex fell by 590 points amid America-Iran war, crude oil prices increased.

If this conflict prolongs and crude oil prices remain high, further pressure on gold may increase. The International Energy Agency (IEA) recently warned that the war is causing the biggest supply disruption in the global oil market.