Gold Plunges: Profit Booking, Strong Dollar, Geopolitical Tensions Drive Today's Fall

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Gold, Silver Prices Plunge: Iran War, Strong Dollar Drive Down Precious Metals

Gold Price Fall: మళ్లీ పతనం దిశగా బంగారం ధరలు... ఇవాళ గోల్డ్ రేట్ డౌన్ (ప్రతీకాత్మక చిత్రం)

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News18•12-03-2026, 10:44

Gold, Silver Prices Plunge: Iran War, Strong Dollar Drive Down Precious Metals

•Gold and silver prices saw a significant decline today, March 12, after two days of increases.
•24-carat gold dropped by Rs. 1,090, 22-carat by Rs. 1,000, and silver by Rs. 10,000 per kg.
•The fall is attributed to global oil supply uncertainty from the Iran war and a strengthening US dollar.
•Nicholas Frappell of ABC Refinery noted the dollar's strength is curbing gold's usual safe-haven appeal despite geopolitical tensions.
•Iranian President Masoud Pezeshkian linked war's end to recognition of Iran's rights and international guarantees.

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