Gold, Silver Prices Crash Amid US-Iran War Fears | What’s Behind The Fall

Gold and silver prices saw a sharp crash on March 23, with MCX gold plunging over ₹8,000 and silver hitting a 6% lower circuit. The fall comes amid rising global tensions, as the escalating US-Iran conflict fuels inflation fears and pushes crude oil prices above $110 per barrel. Higher inflation could delay interest rate cuts, making non-yielding assets like gold and silver less attractive to investors. Global bullion markets have also weakened, with gold hitting multi-month lows.