Gold, silver prices soar on geopolitical tensions: Check rates
Gold and silver just got more expensive for the second day straight, thanks to rising geopolitical tensions—like the US shooting down an Iranian drone in the Arabian Sea.
With a fresh round of nuclear talks scheduled for Friday, investors are rushing to these metals for a bit of safety.
As Renisha Chainani from Augmont put it, people see gold and silver as safe-haven assets when things feel uncertain.
How have other precious metals fared?
Gold was quoted at $5,009.07 an ounce at 2025 hours IST (and ₹1,56,625 per 10gm in Mumbai), while silver touched over $90 an ounce before settling at $89.82 (₹2,82,462 per kg locally).
Platinum and palladium also saw small jumps—up nearly 1% and almost 3%, respectively.
Experts say gold could keep bouncing between ₹1,45,000-₹1,63,000 depending on how things play out worldwide.