Silver Crashes ₹14,000/kg, Gold Falls ₹7,000 as Rising Oil Prices Trigger Inflation Fears

Gold and silver prices saw a sharp fall on March 23, 2026, on the MCX, with silver crashing by nearly ₹14,000 per kg and gold dropping around ₹7,000 per 10 grams. The main reason behind this decline is the sharp rise in crude oil prices due to escalating Middle East tensions. Higher oil prices have increased inflation concerns globally, which is pushing expectations of higher interest rates. When interest rates rise, non-yielding assets like gold and silver become less attractive, leading to heavy selling in precious metals. Additionally, a stronger US dollar and global market uncertainty have added further pressure on bullion prices. Experts suggest that investors should avoid panic selling and instead take a cautious approach. Long-term investors can consider gradual buying during dips, while traders should wait for stability due to high volatility in the market.