Gold Silver Price Update: Impact of US Dollar and Fed Policy

The bullion market on the Multi-Commodity Exchange (MCX) remained under pressure. Amid a strong US dollar and global uncertainties, both gold and silver prices declined. On the MCX, 24-carat gold fell 0.57% to trade at ₹1,52,150 per 10 grams, while silver fell 1.21% to ₹2,45,197 per kilogram.

According to experts, US-Iran tensions and the ongoing conflict in West Asia have led to higher crude oil prices, which have strengthened the dollar and directly pressured gold and silver.

The US Federal Reserve's latest monetary policy decision also affected the market. For the second consecutive meeting, the Fed has kept interest rates within the 3.5% to 3.75% range. Previously, 0.25% cuts were made in September, October, and December of 2025. The market also focused on comments from Fed Chair Jerome Powell.

A weakness was also evident in the international market. Spot gold fell 1.22% to $4,836 per ounce, while spot silver fell more than 2.25% to trade at $75.75 per ounce. Gold prices have fallen by about 4% and silver by about 16% so far in March, which has weakened investor sentiment.