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Gold Prices Soar Rapidly, Silver Jumps by 6,000
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Gold, Silver Prices Rocket: MCX Sees Massive Surge Amid Global Tensions
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News18
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06-03-2026, 12:38
Gold, Silver Prices Rocket: MCX Sees Massive Surge Amid Global Tensions
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Gold and silver prices surged on March 6; 22-carat gold up ₹1,326 to ₹160,999/10 grams, silver up ₹6,139 to ₹268,330/kg on MCX.
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International spot gold stable at $5,076.09/ounce; US gold futures rose 0.1% to $5,084.50; spot silver up 0.1% to $82.26/ounce.
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Gold prices have seen an almost 18% surge this year, driven by geopolitical tensions, economic uncertainty, and safe-haven demand.
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Analysts affirm gold's strong appeal as a safe asset amidst inflation concerns, global debt, and Middle East conflicts.
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State Street's Akash Doshi predicts gold prices could reach $4,000-$6,000 this year, up from current $5,000+ levels.
Read Full Article on News18 in Marathi
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