On March 10, 2026, people started buying gold and silver exchange-traded funds (ETFs) again. This was because global bullion prices went up when the US dollar fell and crude oil prices fell, which eased some of the strain caused by the ongoing conflict in West Asia. Silver-linked ETFs led the way up, while gold ETFs only went up a little bit as investors moved back into precious metals because of ongoing geopolitical uncertainties.
Precious metals stayed strong in late trading on March 10 (17:36 IST), following gains in global markets. Gold rose to ₹1,61,693 per 10 grams on MCX, a gain of ₹1,394 (0.87%) from the previous close. Silver rose to ₹2,74,808 per kg, a gain of ₹7,648 (2.86%). Comex gold was $5,181.70 per ounce, up 1.53%, and Comex silver was $88.47 per ounce, up 4.68%. This shows that there is a lot of interest in buying bullion.
The US currency fell by around 0.3% when demand for safe havens fell because people thought the Iran-US-Israel crisis may stay limited. US President Donald Trump’s comments that recent military action was “very complete” helped ease fears that the situation would get worse. Gold and silver usually do well when the dollar is weak since both commodities are valued in US dollars.
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