Gold prices dropped by 2.5% on April 20, 2026. Silver prices also fell by 2.5%. The COMEX gold rate decreased to $4,780 per ounce.
COMEX silver traded at $78.75 per ounce after its decline. Spot gold fell further to $4,792.89 per ounce by 0930 GMT.
Spot silver lost 1.8%, trading at $79.39 per ounce. The US dollar strengthened, negatively impacting both gold and silver prices.
Higher oil prices raised inflation expectations on the same day. Geopolitical tensions in the Middle East contributed to the price drops.
Gold has declined roughly 9% since the beginning of the US-Iran war in late February. Silver has lost around 14% during the same period.
Gold prices hit their lowest level in one week during early trading on April 20. Details remain unconfirmed regarding future market movements.
