Gold and silver prices continued their downward trajectory
Gaurav Garg,
Research Analyst
Lemonn Markets Desk
Mumbai, March 18, 2026: Gold and silver prices continued their downward trajectory today, with gold trading at $4,739.08 per ounce (approximately Rs1,42,189 per 10 grams) and silver at $71.85 per ounce (around Rs2,15,566 per kg), reflecting losses of 2.02% and 5.09%, respectively. The declines come amid a backdrop of rising inflation concerns in the U.S., which have been exacerbated by geopolitical tensions stemming from the ongoing conflict between the U.S. and Iran, leading to fears of oil supply disruptions that could further fuel inflation. Despite international gold prices seeing some resistance below the $5,000 mark, the hawkish stance of the U.S. Federal Reserve has kept the upside capped. Crude oil prices also dipped slightly, trading at $96.12 per barrel (approximately Rs8,970), as market participants weigh the implications of escalating tensions on energy supplies.
