US-Iran war, April 22 -- Gold and silver prices have remained highly volatile in 2026, especially after the beginning of the US-Iran war. Both metals have witnessed losses, making investors question their safe-haven appeal amid a deteriorating geopolitical environment.

According to Kaynat Chainwala, AVP - Commodity Research, Kotak Securities, gold prices plunged nearly 25% to around $4,100 in late March, before rebounding to about $4,900 per ounce by mid-April amid mixed signals from Washington and Tehran. Silver followed a similarly volatile path, dropping to nearly $61 per ounce before rallying past $83, underscoring its dual nature as both a safe-haven asset and an industrial metal.

However, the market expert remains bullish on both ...