Gold Price Soars Past Rs 1.60 Lakh on MCX: What's Driving the Surge?

• Gold prices marginally higher on February 25, driven by geopolitical tensions and a firmer dollar.
• MCX gold futures opened at Rs 1,60,794 per 10 grams, up 0.52% from previous close.
• Comex spot gold crossed $5,204, a 0.54% gain in 24 hours.
• IBJA pegged standard gold at Rs 1,59,503 per 10 grams on February 24, up 0.68%.
• Optimism over US-Iran talks caps prices, but volatility expected due to geopolitical developments; Augmont report signals bullish momentum with next resistance at $5,300 (Rs 1,63,000).