Gold Hits New High, Silver Soars in Hyderabad Bullion Market Amid Geopolitical Tensions

• Gold and silver prices have rebounded sharply after briefly cooling off in February.
• Geopolitical tensions, particularly between the US and Iran, are reigniting the rally in precious metals.
• 24-carat gold (10 grams) in Hyderabad reached Rs 1,61,350, up Rs 2,070 from previous close, with a five-day increase of Rs 7,050.
• Silver (per kg) in Hyderabad jumped by Rs 10,000 to Rs 3,00,000, surging Rs 40,000 per kg in five days.
• Union Finance Minister Nirmala Sitharaman attributes rising gold prices to heavy purchases by central banks worldwide due to global uncertainties.