Crude oil (WTI) rose to $96.61 per barrel (approximately ?8,930), driven by escalating tensions in the Iran conflict, which have heightened fears of supply disruptions.
Gaurav Garg,
Research Analyst,
Lemonn Markets Desk
Mumbai, March 13, 2026: Gold prices edged slightly higher today, trading at $5,085.17 per ounce (approximately Rs1,51,118 per 10 grams), buoyed by ongoing geopolitical tensions and a weaker dollar, although the overall sentiment remains cautious due to fading hopes for interest rate cuts in the US. Silver, on the other hand, faced a decline of 1.31%, settling at $82.34 per ounce (around Rs2,44,696 per kg), as rising crude oil prices and strong inflation concerns overshadowed its appeal. Crude oil (WTI) rose to $96.61 per barrel (approximately Rs8,930), driven by escalating tensions in the Iran conflict, which have heightened fears of supply disruptions. The volatility in the markets, particularly with rising crude prices impacting inflation, has kept traders on edge.
