Gold and Silver Prices Fluctuate Amid US-Iran Talks

Gold and silver prices are currently fluctuating due to the ongoing negotiations between the US and Iran. Following President Trump's ceasefire announcement, gold initially surged but has since seen a decline. The international market is reacting to these developments, with expectations of further price changes in the Indian market. Investors are advised to monitor these trends closely, as potential agreements could lead to a rebound in gold prices. Additionally, crude oil prices are also experiencing a downturn in anticipation of these talks. This article explores the implications of these market movements and offers insights for investors.

By Narendra Chaudhary Apr 11, 2026, 10:48 IST

Gold and Silver Price Trends

Recent developments in US-Iran relations have led to significant fluctuations in gold prices. Following President Donald Trump's announcement of a ceasefire with Iran, gold prices initially surged but have since begun to decline. In Pakistan, ahead of the anticipated discussions between the US and Iran, the international market has seen a drop in gold prices. This decline is attributed to Trump's remarks suggesting that Iran is only alive for negotiations, warning of more severe consequences if they do not comply.

As a result, gold has fallen over $11 per ounce, settling at $4,751 per ounce in the international market. Silver prices have also decreased. In the commodities market, gold closed down by $47 at $4,771 per ounce, while silver saw a minor drop of $0.413, reaching $76.025 per ounce. Should an agreement be reached between the US and Iran, gold prices could rebound in the near future.

Potential Decline in Indian Market
With the international market's trends, a decrease in gold and silver rates is expected in the Indian market today. The outcome of the US-Iran negotiations will be crucial in determining market behavior. On Friday, the India Bullion Jewellers Association (IBJA) reported that 24-carat gold closed at ₹150,327 per 10 grams, while 22-carat gold was priced at ₹149,725 per 10 grams. Silver prices also saw an increase, reaching ₹239,934 per kilogram.

Inflows in March Were Minimal
Despite central banks increasing their gold reserves, public interest in gold investments remains strong. However, investors showed a marked decrease in investments in gold ETFs during March, with only ₹2,266 crores flowing in, significantly lower than the ₹5,255 crores in February and ₹24,040 crores in January.

Gold Prices Could Reach ₹200,000
Manoj Kumar Jain, Director of Earth Finmart, commented on gold investments, stating that if hostilities cease between the two nations, gold prices are likely to rise. He advised that if a significant drop occurs, long-term investments could be beneficial. For those investing through SIPs, he recommended continuing despite market volatility. By the end of 2026, gold prices could potentially approach ₹200,000 again.

Crude Oil Prices Also Decline
In anticipation of US-Iran negotiations, crude oil prices have also seen a downturn. On Saturday morning, WTI crude fell by over $2 per barrel to $96.57, while Brent crude reached $95.20 per barrel. If an agreement is reached, crude prices may decrease further in the future.