Hyderabad Bullion Market on Edge: Gold Prices Soar Amid Global Tensions

• Gold and silver prices are rising again in Hyderabad due to renewed global tensions, reversing a February correction.
• US-Iran tensions are driving safe-haven demand, pushing up bullion rates since February 19.
• On Wednesday, 24-carat gold (10 grams) in Hyderabad rose by Rs 110 to Rs 1,61,890; silver (1 kg) jumped by Rs 5,000 to Rs 2.95 lakh.
• MCX and international markets also show significant gains, with gold April futures up 0.71% and silver March futures up 2.86%.
• Experts advise close monitoring of global developments, economic conditions, and currency movements before investing.