Iran-Israel War: Market Turmoil Sees Gold, Silver Prices Fall While One Metal Delivers Bumper Returns
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Iran-Israel War Rocks Markets: Gold, Silver Crash, Aluminum Soars 11%
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News18•16-03-2026, 12:52
Iran-Israel War Rocks Markets: Gold, Silver Crash, Aluminum Soars 11%
•The 17-day Iran-Israel war has caused significant turmoil in global commodity markets.
•Gold, usually a safe haven, saw prices fall 3.40% to Rs 1,56,596 per 10 grams, contrary to expectations.
•Silver experienced an even steeper 10% decline, dropping from Rs 2,82,644 to Rs 2,54,000.
•Aluminum prices surged 11% to Rs 347.50 per kg on MCX, providing bumper returns to investors.
•Supply disruptions from major producers like Qatar and Bahrain via the Strait of Hormuz, which account for 8% of global supply, fueled the aluminum price hike.
