Gold prices crash 20% in March amid Middle East war, biggest fall in 50 years

Dharini Mudgal, Published on Mar 24th, 2026

Gold prices crash 20% in March amid Middle East war, biggest fall in 50 years

The prices of gold, considered a safe-haven asset, have fallen by 19.52% in March 2026 amid the ongoing war in the Middle East, reported News24. This makes it the biggest one-month drop since 1975, surpassing previous downturns seen in 1978, 1980, 1983, and during the 2008 financial crisis. Currently, spot gold is priced at $4,418.52 per ounce.

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