Gold, silver jump as US-Israel-Iran conflict lifts bullion

March 11, 2026

Gold and silver prices witnessed a sharp rise on March 10 as global investors turned to safe-haven assets amid escalating tensions involving the United States, Israel, and Iran. The ongoing geopolitical conflict has pushed bullion prices higher in both global and domestic markets, with significant gains seen on India’s Multi Commodity Exchange (MCX).

Precious metals are often considered safe investments during periods of uncertainty, and the latest conflict in the Middle East has triggered renewed demand for gold and silver among investors.

MCX gold and silver prices climb sharply

In the domestic futures market, MCX gold prices rose about 0.87%, while silver surged nearly 2.86%, reflecting strong investor interest in bullion. The rise in prices follows global trends where precious metals gained as investors sought safer assets amid geopolitical tensions.

According to market data, MCX gold traded above ₹1.62 lakh per 10 grams, while silver prices climbed significantly, reaching around ₹2.77 lakh per kilogram during trading.

Silver performed even stronger than gold, with analysts noting that the metal tends to show larger price movements due to its dual role as both an investment asset and an industrial metal.

Middle East conflict drives safe-haven demand

The surge in gold and silver prices is largely linked to the ongoing geopolitical tensions between the United States, Israel, and Iran. Such global conflicts often create uncertainty in financial markets and encourage investors to shift funds into safer assets like bullion.

Market experts say precious metals usually rise during geopolitical crises because investors look for stability when stock markets and currencies become volatile. The current conflict has heightened concerns about global economic stability and energy supplies, further boosting demand for gold and silver.

This trend has been visible throughout the recent weeks as bullion prices continue to fluctuate based on developments in the Middle East.

Weak US dollar also supports bullion prices

Another key factor behind the rally in gold and silver is the weakening of the US dollar. When the dollar declines, commodities priced in dollars such as gold and silver become cheaper for investors using other currencies, increasing demand globally.

As a result, international spot gold rose to around $5,145 per ounce, while silver also saw strong gains in global markets.

Currency movements and interest-rate expectations from central banks also continue to influence bullion prices.

Silver gains outpace gold rally

Silver has shown stronger gains compared to gold in recent sessions. Analysts attribute this to increased industrial demand and speculation in the commodities market.

Spot silver climbed nearly 4% in international trading, while domestic silver prices increased sharply in India.

Experts say silver prices could face resistance near ₹2.80 lakh per kilogram, while support levels are seen around ₹2.73 lakh, indicating continued volatility in the market.

What investors should watch next

Market analysts believe bullion prices may remain volatile in the coming weeks as investors closely monitor geopolitical developments in the Middle East and economic signals from major central banks.

If tensions between the US, Israel, and Iran continue to escalate, gold and silver could remain elevated as investors continue to seek safe-haven assets. However, any signs of easing tensions could trigger short-term corrections in prices.

Experts advise investors to remain cautious and diversify their investments while keeping an eye on global developments that may influence precious metal markets.