Gold, Silver Prices Soar Amid US-Iran Tensions; Wedding Season Buyers Face Setback

• Gold and silver prices are unexpectedly rising due to escalating US-Iran war fears, impacting wedding season buyers in Telugu states.
• 22-carat gold reached ₹1,46,000 per 10 grams by February 22nd; 24-carat gold hit ₹1,59,280 in Vijayawada.
• Silver prices surged by ₹25,000 per kilogram in a week, reaching ₹2,90,000, driven by international demand and industrial requirements.
• Gold April futures on MCX are at ₹1,56,993, silver March futures at ₹2,52,042; international gold at $5,108/ounce.
• Investors view gold as a safe haven during geopolitical uncertainty, increasing demand; experts predict a potential price dip next week.