Gold, Silver Prices Soar: 24-Carat Gold Hits Rs 1,61,350 per 10g, Silver Jumps Rs 10,000/kg

• Gold and silver prices are alarming, with 24-carat gold reaching Rs 1,61,350 for 10 grams and 22-carat gold at Rs 1,47,900 for 10 grams.
• Silver prices in Vijayawada bullion market increased by Rs 10,000 per kg, reaching Rs 3 lakh, with one tola of silver at Rs 300.
• The surge is attributed to the looming US-Iran conflict and increased gold purchases by central banks globally to stabilize economies amid uncertain conditions.
• In the last five days, 24-carat gold increased by approximately Rs 705 per gram, and silver prices rose by Rs 40,000.
• Gold prices on MCX increased by 2.37 percent, with futures trading at Rs 1.60 lakh; silver futures rose 5 percent to Rs 2.66 lakh.