Amid heavy selling pressure in the Indian stock market, gold and silver prices have also witnessed a significant slump. In a rare trend where gold usually gains when stocks fall, a combination of President Trump’s recent statements and ongoing global geopolitical tensions has reversed the logic. Both gold and silver turned cheaper today, with silver plunging by 5% and gold declining by 1.5%.

Domestic silver prices plummeted by ₹11,000 per kg, settling at ₹2,32,000, while gold fell to ₹1,51,450 per 10 grams. In the international market, spot silver dropped 2.9% to $72.95, and spot gold fell 1.3% to $4,694.48 per ounce. Gold prices had touched a monthly high earlier in the day but reversed course sharply following Trump’s speech. Other precious metals like platinum and palladium also remained under pressure.

The Futures Market (MCX) reflected a similar downtrend. Silver futures dropped by 5.6% (approx. ₹13,613) to ₹2,29,888 per kg, while gold futures fell by 1.65% (approx. ₹2,547) to ₹1,51,161 per 10 grams. Analysts suggest that the unexpected shift is a direct reaction to the changing political climate in the US and its stance on global conflicts.