Gold, Silver Eye Record Levels Amid Rising Global Tensions
Rising geopolitical tensions following military action by the United States and Israel against Iran have once again shaken global markets. Iran’s reported retaliation has further intensified uncertainty, prompting investors to shift toward safe-haven assets like gold and silver.
Market experts believe that when trading resumes on Monday, precious metal prices could witness a strong surge.
Gold May Rise by Up to 15%
According to Ajay Kedia, Director of Kedia Advisory, gold prices could climb as much as 15% in the early days of March due to escalating tensions. He said the ongoing conflict has created a fresh trigger for bullion demand.
Kedia estimates that gold could reach ₹1.85 lakh per 10 grams, roughly ₹23,000 higher than current levels.
Commodity expert Anuj Gupta also expects strong momentum. According to him, gold prices could jump nearly 10% when markets open, potentially crossing ₹1.75 lakh per 10 grams.
If the conflict continues for an extended period, analysts believe gold may test even higher levels as global investors seek stability.
Silver Could Cross ₹3 Lakh Mark
Silver is also expected to benefit from safe-haven buying.
Ajay Kedia has projected a target of ₹3.20 lakh per kilogram for silver. Meanwhile, Anuj Gupta believes silver prices could range between ₹2.90 lakh and ₹3 lakh — ₹20,000 to ₹40,000 above current levels.
Current Market Position
At present, gold futures in the domestic market closed higher by ₹2,395, reaching ₹1,62,104 per 10 grams. Notably, on January 29, gold had touched a lifetime high of ₹1,93,096 per 10 grams.
Silver also saw a sharp rise of ₹14,691 per kilogram on Friday, closing at ₹2,82,644 per kilogram. According to experts, silver had previously reached a record high of ₹4.20 lakh per kilogram.
What Lies Ahead?
Historically, gold and silver tend to perform strongly during periods of geopolitical uncertainty. If tensions between the US, Israel, and Iran persist, bullion markets could remain highly volatile, with further upward movement possible.
However, experts also caution that while safe-haven demand may push prices sharply higher, investors should remain alert to sudden corrections driven by diplomatic developments or profit booking.
