Geopolitical tensions spike precious metals market. Gold and silver prices surged over 3 percent in futures trading following coordinated US-Israel military strikes on Iran, with investors rushing to safe-haven assets amid escalating Middle East instability. Silver jumped to Rs 2.93 lakh per kilogram while gold climbed to Rs 1.68 lakh per 10 grams on domestic exchanges. Globally, Comex gold reached USD 5,409.7 per ounce, marking an over one-month high, while silver gained 4.3 percent to USD 97.30 per ounce. The surge reflects heightened uncertainty as retaliatory attacks from Tehran disrupt maritime traffic in the oil-rich Gulf region. Gold has now recorded seven consecutive monthly gains, the longest streak since 1973, driven by persistent geopolitical risks and central bank purchases supporting bullion demand.
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