Gold, Silver Prices Skyrocket: Gold Up Rs 2,000, Silver Rs 8,000 in Single Day

• Gold prices surged by approximately Rs 2,000 per 10 grams, while silver jumped by Rs 8,000 per kilogram in a single day.
• In Hyderabad, 24-carat gold increased by Rs 1,910 per 10 grams, reaching Rs 1,45,690; 22-carat gold rose by Rs 1,70 to Rs 1,33,550.
• Silver hit an all-time high of Rs 3,18,000 per kilogram, marking an Rs 8,000 increase.
• MCX saw Gold February futures up 1.50% (Rs 2,134) and Silver March futures up 4.38% (Rs 12,610), with silver crossing Rs 3 lakh.
• Global market prices for gold (above $4600/ounce) and silver (around $93.15/ounce) are driven by international political developments, including US-Iran tensions and the Greenland issue.

Why It Matters: Gold and silver prices are soaring due to geopolitical uncertainties, hitting new highs in domestic and global markets.