Gold Crosses Rs 1.60 Lakh, Silver Jumps 6%: Check 22K, 24K Rates Today

• Gold prices rose 2.04% to Rs 1,60,079 per 10 grams on MCX, while silver jumped 5.99% to Rs 2,68,093 per kg on February 23.
• In Mumbai, 24-carat gold reached Rs 1,61,350 per 10 grams, and 22K gold was Rs 1,47,900 per 10 grams.
• Last month, gold hit an all-time high of over Rs 1,80,000, and silver reached a record Rs 4,20,000.
• Gold prices in India are influenced by international market rates, import duties, taxes, and exchange rate fluctuations.
• Gold is a significant cultural and financial investment in India, especially for weddings and festivals.