Live
Gold Rates & Silver Rates Today Live Updates: Spot Gold & Silver Falls After Trump Issues New Threats To Iran

Gold rates and silver rates in India are likely to face fresh downside as international precious metal prices dropped on Monday, April 6. Spot gold slid by 1% to struggle around $4,630 per ounce and spot silver dropped by 1.4% to trade below $72 per ounce.

On the other hand, crude oil prices skyrocketed. US WTI Crude Oil Futures is trading above $111 per barrel and Brent Crude is performing near $110 per barrel.

US President Donald Trump has issued new threats to Iran if they do not open Strait of Hormuz. He warned to bring Hell to Iran by striking their power plants and other civilian infrastructure. He has set a deadline for Iran to reopen Hormuz which is at Tuesday, 8PM Eastern Time, on Tuesday. He is also holding a press conference at 1PM on Monday.

Meanwhile, Tehran continues to rebel and reject the latest threat and has carried out attacks on energy assets across the Middle East.

Gold remains down roughly 12% since the conflict began, as surging energy prices fueled inflation concerns and strengthened expectations of interest rate hikes. The metal has also struggled to perform its traditional safe-haven role, pressured by forced liquidations as investors moved to cover losses in other markets, as per Trading Economics.

LIVE Feed

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+