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Gold & Silver Prices Soar: MCX Hits New Highs Amid Geopolitical Tensions, Strong US Economy

Gold & Silver Prices Soar: MCX Hits New Highs Amid Geopolitical Tensions, Strong US Economy

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News18•06-03-2026, 09:48

Gold & Silver Prices Soar: MCX Hits New Highs Amid Geopolitical Tensions, Strong US Economy

•MCX 22-carat gold surged to Rs 160,999 per 10 grams, while silver jumped to Rs 268,330 per kg on March 6.
•International spot gold remained stable at $5,076.09 per ounce; US gold futures rose 0.1% to $5,084.50.
•Gold prices have soared approximately 18% this year, driven by escalating geopolitical tensions and economic uncertainty.
•Middle East conflict, rising oil prices, and strong US economic data (lower jobless claims, service sector growth) fuel safe-haven demand.
•State Street analysts predict gold's appeal as a safe investment remains strong, with prices potentially reaching $4,000-$6,000 this year.

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