America has attacked Iran. On the other hand, Israel has also rained missiles on the Middle East country. Iran has attacked in retaliation. In such a situation, geopolitical tension is once again on the rise. Due to which we may see a rise in the prices of gold and silver in the coming days. According to experts, when the market opens on Monday, there may be a rise in the prices of gold and silver in the country.
The special thing is that under the shadow of war, an increase of about 23 thousand rupees i.e. up to 15 percent can be seen in the price of gold in the futures market of the country. On the other hand, silver prices may once again be seen crossing the level of Rs 3 lakh. According to experts, if the war continues for a long time then further rise in prices can be expected. Let us also tell you at what level the prices of gold and silver can be seen in the coming days.
How much will gold prices increase?
According to Ajay Kedia, Director of Kedia Advisory, due to UAE-Iran tension, gold prices may increase by 15 percent from the current level in the initial trading days of March. He told that a new trigger has been created for gold. In such a situation, the price of gold may be seen at the level of Rs 1.85 lakh in the coming days. Which is Rs 23 thousand more than the current level. On the other hand, according to commodity expert Anuj Gupta, Monday may see an increase of up to 10 percent in the price of gold. This means that the price of gold can cross the level of Rs 1.75 lakh.
Silver prices will also rise
Kedia said that a rise in silver prices may also be seen. Describing the target of silver, he said that white gold i.e. silver can reach the level of Rs 3.20 lakh. Whereas Anuj Gupta says that the price of silver can be seen at the level of Rs 2.90 to Rs 3 lakh. Which is 20 to 40 thousand rupees more than the current level. If experts are to be believed, Trump said that he will destroy all the nuclear plants of Iran. This may seem to take some time. On the other hand, Iran has attacked the American airbase of UAE.
What is the current price?
If we talk about the present time, the price of gold in the futures market of the country closed with a rise of Rs 2,395 and the price has reached Rs 1,62,104 per ten grams. However, on January 29, the price of gold had reached a life time high of Rs 1,93,096 per ten grams. On the other hand, an increase in the prices of silver has also been seen. On Friday, an increase of Rs 14,691 per kg was seen in the price of silver. After which the price of silver closed at Rs 2,82,644 per kg. According to experts, the price of silver had reached a life time high of Rs 4.20 lakh.