Gold prices dropped by 2.5% on April 20, 2026. Silver prices also fell by 2.5% on the same day.
The COMEX gold rate decreased by 2% to $4,780 per ounce. Spot gold fell to $4,792.89 per ounce by 0930 GMT.
Meanwhile, the COMEX silver rate plunged to $78.75 per ounce. Spot silver traded at $79.39 per ounce after losing 1.8%.
This decline comes amid rising geopolitical tensions in the Middle East, which have impacted precious metal prices significantly.
Since the beginning of the US-Iran war in late February, gold has declined roughly 9%. Silver has lost around 14% during the same period.
As of midday, analysts noted that a stronger US dollar negatively affected both gold and silver prices.
Additionally, higher oil prices raised inflation expectations—further pressuring precious metal values.
The current market sentiment remains cautious as investors react to ongoing geopolitical developments.
Details remain unconfirmed regarding potential future impacts on gold and silver pricing trends.
Market observers are closely monitoring these fluctuations for signs of stabilization or further decline.
