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Gold Approaches New Peak, Silver Sees Rare Weekly Surge: Understanding the Price Rally
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Gold Nears Peak, Silver Soars: Why Prices Are Skyrocketing Amid Geopolitical Tensions
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News18
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23-02-2026, 10:56
Gold Nears Peak, Silver Soars: Why Prices Are Skyrocketing Amid Geopolitical Tensions
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Gold and silver prices surged sharply last week, raising concerns for buyers, especially during wedding season.
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Gold prices in Hyderabad jumped by Rs 2,840 (24-carat) and Rs 2,600 (22-carat) per 10 grams between Feb 16-22.
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Silver saw an unprecedented Rs 25,000 per kg increase in a week, reaching Rs 2,90,000 by Feb 22.
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The rally is driven by rising geopolitical tensions (US-Iran) and strong global/industrial demand, pushing investors to safe-haven assets.
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Experts predict potential price correction next week due to a stronger US dollar from new tariffs, which could stabilize prices.
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