The war in the Middle East or rather Iran has once again revived the prices of gold and silver. The price of gold and silver in the country’s futures market has become a question mark. While the price of gold has seen an increase of about one and a half percent, the price of silver has seen an increase of about 3 percent. According to experts, the prices of gold and silver are likely to continue rising. If experts are to be believed, the price of silver will cross the level of Rs 3 lakh in the coming days. At the same time, the price of gold is expected to remain up to Rs 1.80 lakh. Let us also tell you what kind of data is being seen in the futures market of the country.
increase in gold price
A huge increase in the price of gold is being seen on the country’s futures market Multi Commodity Exchange. If we look at the data, at 10:15 am, gold is trading at Rs 1,63,321 with a rise of Rs 2,213. Whereas during the trading session, the price of gold increased by Rs 2,692 and reached Rs 1,63,800. However, a day ago there was a big fall of Rs 4,966 in the price of gold and the price reached Rs 1,61,108 per ten grams. On the day of Holi, it opened at Rs 1,63,265 per ten grams in the morning.
Silver price also rises
On the other hand, the price of silver is also increasing. If we look at the data, the price of silver on the country’s futures market Multi Commodity Exchange is trading at Rs 2,71,437 per kg with an increase of Rs 6,119 at 10.21 am. Whereas during the trading session, the price of silver increased by Rs 8,515 and reached Rs 2,73,833. Before this, there was a decline in the price of silver for two consecutive days. Silver prices have seen a fall of Rs 17,326 in these two days. Middle East war panic kept investors away from risky assets, leading to a stock market crash and a rise in the prices of commodities, especially precious metals and crude oil, which led to a rise in domestic gold and silver prices.
Gold and silver in international market
Because due to increase in demand for safe-haven commodity due to US-Israel-Iran war, a rise in gold prices was seen in the international market on Wednesday. Spot gold prices rose 1 per cent to $5,138.46 an ounce, after hitting their lowest price since February 20 in the previous session. US gold futures for April delivery rose 0.5 percent to $5,147.10 an ounce. After rising 64 percent in 2025, spot gold prices have risen 19 percent so far this year due to global turmoil. On the other hand, silver prices also increased rapidly. Spot silver prices rose 1.4 percent to $83.27 an ounce, after falling more than 8 percent in the previous session. So far this year, silver prices have increased by more than 16 percent.
Platinum prices also increased
The US dollar strengthened, making dollar-denominated assets such as bullion more expensive for those holding other currencies. The Middle East war escalated when US President Donald Trump told reporters that the US military had attacked several Iranian naval and air targets, adding that “almost everything is gone.” In other commodities, spot platinum rose 1% to $2,104.25 an ounce, while palladium rose 0.4% to $1,653.