Gold, Silver Rate Today Live Updates: Gold and silver prices in India continue to remain volatile amid ongoing geopolitical tensions linked to the US–Israel–Iran conflict, with global liquidity pressures now playing a bigger role than traditional safe-haven demand.
On Monday, March 23, gold prices witnessed a sharp correction, falling by over Rs 12,200 to Rs 1,35,141 per 10 grams, compared to the previous close of Rs 1,47,340, as per the Indian Bullion and Jewellers Association (IBJA). On the Multi Commodity Exchange (MCX), gold futures declined by Rs 5,521, or 3.82 per cent, to Rs 1,38,971 per 10 grams from Rs 1,44,492 earlier.
Despite the recent fall, gold remains significantly below its all-time high of Rs 1,80,779 per 10 grams recorded on January 29 this year. As per GoodReturns, 24-carat gold was trading around Rs 1,40,020 per 10 grams.
Experts suggest that the current dip does not indicate weakening of gold’s safe-haven appeal. Instead, the decline is being driven by tightening global liquidity conditions. Rising crude oil prices and higher US bond yields have led to a surge in dollar demand, creating a liquidity squeeze. In such scenarios, investors often sell even safe-haven assets like gold to raise cash and manage positions.
According to Anindya Banerjee of Kotak Securities, this phase reflects temporary pressure from global financial tightening rather than a structural shift in gold’s role as a hedge, indicating that volatility may persist in the near term.
