Gold, Silver Rates Today: Prices Fall Over 1% as Fed Rate Cut Hopes Fade Amid Rising Inflation Concerns
Precious Metals Decline as Market Sentiment Weakens
Gold and silver prices traded lower on Monday, March 30, 2026, as inflation concerns intensified due to rising energy prices linked to the ongoing US-Iran conflict. The shift in macroeconomic sentiment reduced expectations of interest rate cuts by the US Federal Reserve, weighing on bullion markets.Spot gold fell 1.2% to $4,439.45 per ounce, while US gold futures for April delivery declined by the same margin to $4,470.30. Silver prices also mirrored the trend, with spot silver dropping 1.2% to $68.67 per ounce.
Gold Marks Steepest Monthly Decline Since 2008
Gold has recorded a sharp correction this month, losing approximately 16% so far in March. This marks its steepest monthly fall since October 2008.The decline has been largely driven by the strengthening US dollar, which has gained over 2% since the US-Israeli war on Iran began on February 28. A stronger dollar typically reduces the appeal of gold for investors holding other currencies.
Oil Price Surge Adds to Inflation Pressures
The ongoing geopolitical tensions have pushed crude oil prices higher, intensifying global inflation concerns. While gold is traditionally considered a hedge against inflation, the current environment of elevated interest rates is limiting its demand, as the non-yielding metal becomes less attractive compared to interest-bearing assets.Other Precious Metals Show Mixed Trend
In the broader precious metals market, platinum prices slipped 0.6% to $1,850.92 per ounce. Meanwhile, palladium remained largely unchanged at $1,377.12 per ounce.Market Awaits Further Cues
Market participants continue to monitor developments in the US-Iran conflict and global energy markets, as these factors remain critical in shaping inflation expectations and the Federal Reserve’s policy outlook.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.