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Global Gold and Silver Prices Climb Amid Geopolitical Tensions
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Gold, Silver Soar on Safe-Haven Demand Amid Geopolitical Tensions
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CNBC TV18
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06-03-2026, 08:08
Gold, Silver Soar on Safe-Haven Demand Amid Geopolitical Tensions
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Gold and silver prices climbed in early Asian trade on Friday, driven by safe-haven demand due to escalating geopolitical tensions.
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On COMEX, gold rose 1.16% to $5,137.70/ounce; silver gained 2.27% to $84.05/ounce.
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Middle East conflict and concerns involving the US, Israel, and Iran fuel investor shift to precious metals.
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Domestic market saw gold decline sharply on Thursday due to profit-booking, but silver rose in derivatives trade on MCX.
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Analysts note precious metals' sensitivity to geopolitical events, currency, and US Federal Reserve's interest-rate outlook.
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