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Gold & Silver Prices Soar Amid Gulf Tensions: Experts Advise on Profit Booking
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Gold, Silver Soar Amid Gulf War Tensions: Experts Advise on Profit Booking
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News18
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02-03-2026, 05:22
Gold, Silver Soar Amid Gulf War Tensions: Experts Advise on Profit Booking
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Gold and silver prices are expected to surge with a gap-up opening on Monday due to intensified Middle East tensions.
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The killing of Iran's Supreme Leader and retaliatory attacks have increased global risk-off sentiment, driving investment into safe-haven assets.
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International spot gold (COMEX) rose to $5,296.40/ounce (+1.97%) and silver to $93.82/ounce (+7.85%) on Friday.
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Analysts predict 24-carat gold could reach Rs. 1.70 lakh/10 grams and silver Rs. 3 lakh/kg.
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Experts warn of potential profit-taking after an initial spike if diplomatic de-escalation signs emerge.
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