Gold Silver Rates Skyrocket: Hyderabad Prices Today, Further Increase Expected
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Gold, Silver Prices Skyrocket Amid Middle East Tensions; Further Hikes Expected
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News18•02-03-2026, 04:59
Gold, Silver Prices Skyrocket Amid Middle East Tensions; Further Hikes Expected
•Gold and silver prices surged significantly due to escalating tensions and war fears in the Middle East, following the US-Israel declaration of war on Iran.
•In Hyderabad, 24-carat gold (10 grams) hit Rs. 1,68,710, a jump of Rs. 7,140; 22-carat gold reached Rs. 1,54,650, up Rs. 6,550.
•Silver prices also saw a massive increase, with 1 kg of silver rising by Rs. 25,000 to Rs. 3.25 lakhs in the Hyderabad bullion market.
•MCX gold and silver futures are expected to rise sharply on Monday, with international gold at $5,278 and silver at $93 per ounce.
•Continued conflict could lead to further price increases, potentially pushing gold and silver to all-time highs and impacting global equity markets.
