Gold Prices Soar Twice in a Single Day: What's Driving the Surge?

Business
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News18•09-02-2026, 13:52
Gold Prices Soar Twice in a Single Day: What's Driving the Surge?
- •Gold prices changed for the second time on the same day, leading to another significant surge in value.
- •Rapid fluctuations in international gold prices, changes in the dollar index, geopolitical uncertainties, and stock market volatility are key drivers.
- •Experts attribute the sudden hike to increased international gold prices, Middle East tensions, a weaker dollar, and higher demand for safe-haven investments.
- •New rates for 22-carat gold are 14740 rupees, 18-carat gold at 12100 rupees, and 1 kg silver at 269042 rupees, with an additional 3% GST.
- •For long-term investors, experts advise understanding market trends and investing gradually, despite rapid price changes.
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