On Friday, April 10, 2026, Gold and silver prices saw a drop as investors turned back to safe-haven bets after a tentative US–Iran ceasefire and mixed global signals. The ongoing geopolitical tensions and inflation worries helped cushion the downside.
COMEX gold was last quoted at $4,783.70 per ounce, down $34.30 or 0.71%, while COMEX silver declined 1.17% to $75.54 per ounce.
The dip in precious metals coincided with a modest rebound in Asian equities, as MSCI’s Asia-Pacific index rose 0.5%, indicating a slight shift toward riskier assets. However, sentiment remained cautious, with markets uncertain about the durability of the ceasefire and closely tracking tensions involving Israel and Lebanon.
Analysts noted that gold is currently caught between improving near-term risk sentiment and lingering global uncertainty.
Despite the pullback, gold continues to draw support from persistent geopolitical risks and macroeconomic pressures. Disruptions around the Strait of Hormuz and elevated crude price, Brent hovering near $96 per barrel are fueling inflation concerns, a key factor underpinning bullion demand.
Market participants are now focusing on upcoming inflation readings, central bank cues, and developments in West Asia. Any escalation in geopolitical tensions or supply disruptions in energy markets could quickly restore safe-haven demand.
For now, precious metals appear to be trading within a tight range, balancing reduced immediate risk aversion against ongoing macroeconomic and geopolitical uncertainties.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all related documents carefully before investing.
Published on: Apr 10, 2026, 8:43 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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