Gold Prices Soar: Unexpected Surge After Diplomatic Breakthroughs

• Gold prices experienced a sudden, shocking surge after a 10-day decline, with 24-carat pure gold rising by ₹3,760 per 10 grams.
• The unexpected recovery is attributed to positive sentiment in international markets following US diplomatic efforts to de-escalate West Asia tensions.
• 22-carat and 18-carat gold prices, however, saw a decrease, while silver prices significantly increased by ₹10,000 per kilogram.
• Globally, gold rose by 3.7% to $4,560 per ounce and silver by 5.7% to over $73 per ounce, driven by safe-haven demand.
• Brent crude oil prices fell by almost 5% below $100 per barrel due to peace efforts, potentially easing inflation and influencing gold market perspective.