Gold Prices Hold Above $4,400, Silver Prices Remain at $68 Per Ounce

Global Markets Report: Gold and Silver Prices

March 27, 2026

Key Highlights

• COMEX gold rate is trading 0.33% higher at $4,423 per ounce, after falling almost 3% in the previous session.
• COMEX silver prices are up 0.29% to $68.13 per ounce during the Asian trading hours on Friday.

Read also: Gold and Silver Prices Decline Amid Strengthening Dollar and Inflation Concerns

Market Drivers

The temporary relief provided by US President Donald Trump's decision to delay the deadline for reaching an agreement with Iran to end the Middle East conflict has led to a rebound in gold and silver prices. The surge in energy costs has heightened inflation risks, strengthening expectations that central banks may hold interest rates steady or raise them, which typically weighs on non-yielding assets like bullion.

Central Bank Activity

The Central Bank of the Republic of Turkey reportedly sold and swapped around 60 tonnes of gold, valued at over $8 billion, in the first two weeks of the conflict, marking a significant reduction in reserves.

Read also: Gold and Silver Prices in India: A Review of Current Rates Across Major Cities

Interest Rate Concerns

Concerns over elevated interest rates continue to weigh on demand for safe-haven assets, while a firmer US dollar is making dollar-denominated commodities costlier for investors using other currencies, further restraining any rebound. The US dollar index, which tracks the greenback against a basket of six major currencies, is currently hovering near the 100 level.

Investor Outlook

Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, believes that the bullion is showing renewed strength in terms of an uptrend, driven by a weaker dollar and reduced concerns about aggressive interest rate hikes. Hareesh V, Head of Commodity Research, Geojit Investments Limited, expects both precious metals to see a mild near-term recovery, but breaking recent highs looks difficult.

Market Sentiment

The overall sentiment is cautiously optimistic, with positive macroeconomic indicators driving the positive momentum in precious metals. However, there is a possibility of intermittent volatility due to ongoing macroeconomic uncertainty.