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Gold rate jumps 2%, silver surges 6% on MCX amid escalating US-Iran tensions, dollar's sharp fall

February 23, 2026

Gold and silver prices surged on the MCX, with gold rising 2% to ₹1,60,600 per 10 grams and silver jumping 6% to ₹2,68,120 per kg. This increase is attributed to escalating tensions between the US and Iran, coupled with a significant drop in the dollar index, which makes bullion cheaper internationally. Investors are closely monitoring the ongoing developments in trade agreements and geopolitical tensions.

Gold rate jumps 2%, silver surges 6% on MCX amid escalating US-Iran tensions, dollar's sharp fall

Credit: Livemint

Key Highlights

Gold prices increased by 2% on MCX, reaching ₹1,60,600 per 10 grams.
Silver prices soared by 6% on MCX, hitting ₹2,68,120 per kg.
The dollar index fell by 0.45%, contributing to the rise in bullion prices.
Escalating US-Iran tensions are a major factor influencing the demand for safe-haven assets.
Market participants are cautious due to ongoing trade agreement uncertainties.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Gold rate jumps 2%, silver surges 6% on MCX amid escalating US-Iran tensions, dollar's sharp fall

Key Highlights

Sources

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