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Iran-Israel War: Gold Could Hit Rs 2 Lakh In India And Dh650 In Dubai — Can COMEX Silver Reach $100 Amid Geopolitical Stress?

Geopolitical tensions between the US, Israel, and Iran have significantly impacted gold and silver prices, with both metals seeing substantial increases. Gold futures reached $5,267.20 per troy ounce, while silver futures ended at $93.64 per troy ounce, driven by a rush for safe-haven assets amid rising uncertainties in the Middle East.

Iran-Israel War: Gold Could Hit Rs 2 Lakh In India And Dh650 In Dubai — Can COMEX Silver Reach $100 Amid Geopolitical Stress?

Credit: Timesnownews

Key Highlights

  • US gold futures rose to $5,267.20 per troy ounce, marking an 11% gain for February.
  • Silver futures jumped 6.5% to $93.64 per troy ounce, with monthly gains exceeding 18%.
  • Gold's April contract on MCX settled at Rs 1,62,104 per 10 grams, up 1.50%.
  • Physical gold rates in Indian cities are expected to surge amid ongoing tensions.
  • Negotiations between the US and Iran are set to continue next week despite reported frustrations.
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Sources

  1. Iran-Israel War: Gold Could Hit Rs 2 Lakh In India And Dh650 In Dubai — Can COMEX Silver Reach $100 Amid Geopolitical Stress?
  2. Gold, Silver Price LIVE Updates: As tensions between US-Israel and Iran escalate, will gold prices touch ₹2 lakh?

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.

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