Gold Prices Skyrocket: Unexpected Surge in Just 4 Hours, What's Driving the Change?

• Gold and silver prices saw a sudden, sharp increase within hours after a recent decline, driven by international developments and domestic investor purchases.
• The previous fall was attributed to a new US Federal Reserve chairman, increased CME margins, and profit-taking.
• In the Hyderabad bullion market, 10 grams of fine gold reached Rs. 1.54 lakh, and one kilogram of silver hit Rs. 2.74 lakh by Tuesday afternoon.
• On February 3, 24-carat gold increased by Rs. 2,180 in just four hours (10 AM to 2 PM), reaching Rs. 1,53,930 per 10 grams.
• Experts advise caution for investors due to the ongoing price volatility, especially after a significant drop in prices over the past five days.

Why It Matters: Gold and silver prices experienced an unexpected, rapid surge within hours, driven by market volatility and investor activity.