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Gold-Silver Price Today 2 April 2026: Amidst the increasing tension between Iran and Israel, the impact of US President Donald Trump’s latest statement is now clearly visible on the commodity market. Following his address to the nation, gold and silver prices fell sharply on Thursday, April 2.

On the Multi Commodity Exchange (MCX), the price of gold fell by more than Rs 2,200 in the morning and reached the level of Rs 1,51,480 per 10 grams. An even bigger fall was seen in the prices of silver, which fell by more than Rs 10,000 to around Rs 2,33,276 per kg.

Silver fell by Rs 13,613

According to the updated data, the price of silver on MCX fell by about Rs 13,613 per kg to Rs 2,29,888 per kg. At the same time, gold also became cheaper by about Rs 2,547 and came to Rs 1,51,161 per 10 grams.

Condition of gold and silver in international market

There was pressure on precious metals in the international market also. Gold is trading around 1.9% lower at $4,688 an ounce, while silver has fallen as much as 5% to around $72 an ounce. The same trend was seen in the spot market, where both gold and silver remained weak.

America will continue attacking Iran

According to experts, Donald Trump’s statement that America will continue military operations against Iran for the coming weeks has increased uncertainty in the market. Gold is usually considered a “safe haven” during such times of stress, but this time investors reacted differently and started booking profits, leading to a sharp fall in prices.

Apart from this, expectations of cutting interest rates by the US Federal Reserve remain low. Inflation pressures are still high, so the Fed is taking cautious steps and a rate cut before the end of 2026 appears unlikely. But for now, investing in gold and silver is not free from danger.