Gold Prices Soar Again: Hyderabad Sees Significant Jump Amid Global Tensions

• Gold prices have surged for two consecutive days, with 24-carat 10 grams increasing by Rs. 2,100 on Feb 19 and Rs. 880 on Feb 20.
• In Hyderabad, 24-carat gold (10 grams) reached Rs. 1,57,370, while 22-carat gold (10 grams) rose to Rs. 1,44,250.
• Silver prices remained unchanged at Rs. 2,70,000 per kg, with one tola at Rs. 2,700.
• Rising international tensions, particularly fears of a US-Iran conflict, are driving investors towards gold as a safe haven.
• Factors like international market rates, import duties, taxes, and exchange rates influence gold prices in India.