Sensex: 77,496.36 (-1.54%)

Nifty: 23,851.75 (-1.35%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Monday meltdown for bullion futures, Silver down around 12%
23-Mar-2026 14:31
Precious metals tanked today. Silver futures plunged more than 12% toward $61 per ounce on Monday, following carnage in the stock markets as the Middle East war enters fourth week of conflict. MCX May silver futures plunged to the lows of Rs 209816 per kg, its lowest level in last 3 months, whereas its sister metal, gold also tripped by 7% at Rs 134369 per 10 grams. President Donald Trump issued a 48-hour ultimatum demanding Iran reopen the key waterway, while Tehran threatened to shut it entirely and target regional energy assets in retaliation, raising fears over disruptions in a route that carries nearly one-fifth of global oil and LNG flows. Last week, silver declined over 15% as surging oil prices fueled inflation concerns, prompting markets to price in a prolonged pause or potential rate hikes from major central banks. A firm U.S. dollar, supported by steady rates and strong inflation data, further weighed on silver and gold by raising its opportunity cost. With traders now pricing in a potential rate hike and geopolitical risks intensifying, gold remains under sustained pressure despite its safe-haven status.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.