Silver has faced downward pressure, declining by 0.69% to $72.59 per ounce
Gaurav Garg,
Research Analyst,
Lemonn Markets Desk
Mumbai, March 20, 2026: In today's commodity market update, gold prices have shown a slight recovery, trading at $4,697.11 per ounce (approximately Rs1,41,019 per 10 grams), up by 0.90%, amidst a backdrop of recent sell-offs and renewed investor interest. Conversely, silver has faced downward pressure, declining by 0.69% to $72.59 per ounce (around Rs2,17,948 per kg), as a stronger U.S. dollar continues to weigh on precious metals. The recent volatility is attributed to a hawkish stance from the U.S. Federal Reserve, which has kept interest rates steady but hinted at potential increases, creating a cautious sentiment in the market. Additionally, crude oil prices have retreated to $94.11 per barrel (approximately Rs8,788), down 2.11%, amid concerns over fluctuating demand and geopolitical tensions.
