Gold and silver prices dropped on april 20

By Vikram Nair / 21.04.2026

Gold and silver prices dropped sharply on April 20, 2026. Gold fell by 2.5%, while silver also decreased by 2.5%.

The COMEX gold rate declined by 2% to $4,780 per ounce. Meanwhile, the COMEX silver rate plunged to $78.75 per ounce.

Spot gold traded at $4,792.89 per ounce by 0930 GMT, down 0.7%. Spot silver lost 1.8%, trading at $79.39.

This decline marks a roughly 9% drop in gold prices since the US-Iran war began in late February. Silver has fared worse, losing around 14% during the same period.

The stronger US dollar negatively impacted both metals. Higher oil prices raised inflation expectations, contributing to the downward pressure.

Geopolitical tensions in the Middle East have also affected market sentiment regarding gold and silver prices. Investors often turn to these metals as safe havens during times of uncertainty.

Gold prices hit their lowest level in a week during early trading on April 20. This reflects ongoing market volatility amid global unrest.

Details remain unconfirmed about future price movements as observers watch closely for developments in geopolitical situations.