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Gold Nears Rs 1.60 Lakh, Silver Up 0.21% Amid Geopolitical Tensions (Mar 6 Live Updates)
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Gold Nears Rs 1.60 Lakh, Silver Jumps Amid Iran-US-Israel Tensions & Safe-Haven Demand
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Moneycontrol
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06-03-2026, 18:01
Gold Nears Rs 1.60 Lakh, Silver Jumps Amid Iran-US-Israel Tensions & Safe-Haven Demand
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Gold trades at Rs 1,60,459 per 10 grams (up 0.49%); Silver at Rs 2,66,300 per kg (up 1.57%) on MCX.
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Precious metals show mild gains by midday, driven by steady buying interest and safe-haven demand.
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Geopolitical tensions, including the Iran–US–Israel conflict, fuel investor shift to safe-haven assets.
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Fading US dollar strength and rising oil prices contribute to a risk-off mood, impacting market sentiment.
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Expectations for Federal Reserve interest rate cuts in September 2026 rise due to inflation worries.
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