On Thursday, gold and silver prices experienced significant declines on the Multi Commodity Exchange (MCX), with gold falling 2.3% to ₹1,50,145 per 10 grams and silver dropping 5.6% to ₹2,29,888 per kg. This downturn follows US President Donald Trump's comments on Iran, which have heightened geopolitical tensions and led to volatility in global markets. In the spot market, gold traded at ₹1.45 lakh per 10 grams without the 3% Goods and Services Tax (GST), while silver was at ₹2.2 lakh per kg. Analysts noted that the precious metals market has been influenced by concerns over inflation, a stronger dollar, and rising interest-rate expectations, with gold's trajectory hinging on whether inflation or growth fears dominate. Divya Mandaliya, a commodity research analyst, highlighted that March saw a nearly 12% drop in bullion prices, marking the worst monthly decline since the 2008 Global Financial Crisis. Despite the current volatility, Aksha Kamboj from the India Bullion & Jewellers Association stated that this correction could encourage opportunistic buying and that investors should consider staggered investments rather than lump-sum purchases.