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.
Gold Rates & Silver Rates Today Live: Gold Drops 12% & Silver Falls 20% Since US-Israel-Iran War
Silver Rates Today Live Updates: Spot Silver Slips Sharply
Gold Rates & Silver Rates Today Live Updates: Trump Issues New Warnings To Iran
Gold Rates Today Live: Spot Gold Falls 1% On Monday Morning
More From GoodReturns

Drop in Gold Rate in India After Rising Nearly Rs 34,000; Will Gold Price Today Rebound or Fall on 3 April?

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Gold Rate Today Bounces Back After Sharp Drop; Silver Price Unchanged; Latest 22K, 24K, 18K Rates in Delhi

Big Jump in Gold Rate Today; Rising Nearly Rs 20,000/24K per100g; Silver Above Rs 2.5 Lakh in Delhi on 1 April

Gold Rates In India Today Unchanged, Silver Rates Flat On Easter: 24K, 22K, 18K Gold Prices & Silver Outlook

Gold & Silver Rates Today Live: 10 Grams Gold Above Rs 1.51 Lakh, Physical Silver Price Gains By Rs 5,000

Delhi Gold Rate Today Nears Rs 1.50 Lakh; Silver Prices Rally: Latest 22K, 24K, 18K Rates on Mahavir Jayanti

Gold Price In India Jumps Rs 53500/100 Gm in Week, Silver Stalls; Rupee Recovery Hints At Buying Opportunity?

Gold Price in India Rallies Rs 47400/100 Gm in 5 Days Amid Rupee Fall, Iran-US War, Silver Shines | March 31



Click it and Unblock the Notifications