Overview
- Gold extended losses Tuesday, with spot prices near $4,336 and down more than 22% from January’s record, in what traders now call a clear bear market.
- Silver fell more than gold and traded near $67, leaving the metal roughly 45%–55% below its late‑January peak after violent intraday swings.
- The U.S. dollar index rose about 0.5% and 10‑year Treasury yields hovered near 4.38%, moves that make non‑interest‑paying metals less attractive and spur deleveraging.
- Geopolitical signals whipsawed safe‑haven demand after President Trump announced a five‑day pause on planned strikes against Iran, while Iran’s parliamentary speaker denied any talks.
- Local markets showed the strain as India’s MCX hit intraday lows around ₹1,29,595 per 10g for April gold and ₹1,99,643 per kg for May silver, and Pakistan reported one of its steepest single‑day gold drops, even as several analysts urged staggered long‑term buying at lower support levels.