US has attacked Iran. Meanwhile, Israel has also bombarded this Middle East country with missiles. Iran has also responded by attacking. Geopolitical tension is increasing once again, due to which the prices of gold and silver may rise in the coming days. Experts estimate that when the market opens on Monday, the prices of gold and silver in India may rise.
The special thing is that under the shadow of war, an increase of about Rs 23,000 or 15% can be seen in the price of gold in the future market of the country. Meanwhile, silver prices may once again cross the level of Rs 3 lakh. Experts believe that if the war continues for a long time, further increase in prices can be expected. Let us tell you what the prices of gold and silver can reach in the coming days.
How much will gold prices increase?
According to Ajay Kedia, Director of Kedia Advisory, due to UAE-Iran tension, gold prices may increase by 15% from the current level in the early trading days of March. He told that a new trigger has been created for gold. Therefore, gold prices may reach ₹1.85 lakh in the coming days, which is ₹23,000 more than the current level. Meanwhile, commodity expert Anuj Gupta estimates that gold prices will rise by 10% on Monday. This means that gold prices may cross the level of ₹1.75 lakh.
Silver prices will also increase
Kedia said that an increase in silver prices may also be seen. Giving a target for silver, he said that white gold, or silver, can reach ₹3.20 lakh. Gupta further said that silver prices may reach ₹2.90 to ₹3 lakh, which is ₹20,000 to ₹40,000 more than the current level. According to experts, Trump said that he will destroy all the nuclear plants of Iran. This may take some time. Meanwhile, Iran has attacked an American airbase in UAE.
What is the current price?
At present, the price of gold in the future market of the country has increased by ₹ 2,395 to ₹ 1,62,104 per ten grams. On January 29, gold prices had reached a lifetime high of ₹1,93,096 per ten grams. An increase in silver prices has also been seen. On Friday, silver prices had increased by ₹14,691 per kg, which closed at ₹2,82,644 per kg. According to experts, silver prices had reached a lifetime high of ₹ 4.20 lakh.
