Gold Nears Peak, Silver Soars: Why Prices Are Skyrocketing Amid Geopolitical Tensions

Gold and silver prices have surged sharply over the past week, triggering concern among buyers, especially as the wedding season begins. After witnessing a mild dip at the start of last week, gold prices rebounded unexpectedly amid rising geopolitical tensions and strong global demand.

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News18•23-02-2026, 10:56

Gold Nears Peak, Silver Soars: Why Prices Are Skyrocketing Amid Geopolitical Tensions

•Gold and silver prices surged sharply last week, raising concerns for buyers, especially during wedding season.
•Gold prices in Hyderabad jumped by Rs 2,840 (24-carat) and Rs 2,600 (22-carat) per 10 grams between Feb 16-22.
•Silver saw an unprecedented Rs 25,000 per kg increase in a week, reaching Rs 2,90,000 by Feb 22.
•The rally is driven by rising geopolitical tensions (US-Iran) and strong global/industrial demand, pushing investors to safe-haven assets.
•Experts predict potential price correction next week due to a stronger US dollar from new tariffs, which could stabilize prices.

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