Gold and Silver Prices Decline Amid West Asia Conflict and Stronger US Dollar on March 9, 2026

On March 9, 2026, gold and silver prices declined globally and in India amid escalating geopolitical tensions in West Asia, particularly the US-Iran-Israel conflict. The stronger US dollar and rising oil prices contributed to reduced safe-haven demand and inflation concerns, pressuring precious metals. Gold prices in India ranged around Rs 1,58,000 to Rs 1,64,000 per 10 grams, while silver prices fell near Rs 2.65 to 2.89 lakh per kilogram. Analysts expect continued volatility influenced by currency strength, energy costs, and Federal Reserve rate expectations.