Gold, Silver Rebound: Analysts Predict Further Gains Amid Geopolitical Tensions

• Gold and silver recovered on Wednesday (March 4) after Tuesday's sharp fall, driven by renewed safe-haven demand amid geopolitical tensions.
• At COMEX, gold rose ₹62.90 (+1.23%) to ₹5,186.60 per 10 grams; silver gained ₹1.63 (+1.95%) to ₹85.10 per 100 grams.
• Tuesday's dip, which saw gold fall to $5,136, was attributed to a stronger dollar and profit-taking, but geopolitical uncertainty fueled the recovery.
• Prithviraj Kothari expects gold to target $5,450–5,600 if it sustains above $5,200; BNP Paribas raised its 2026 gold forecast to $5,620.
• Silver is projected to reach $100–105, benefiting from industrial demand; strategist Ashish advises using gold as a hedge against equity swings.