Mumbai, March 10: Gold and silver prices saw a significant rise on Tuesday, with gold crossing ₹1.62 lakh per 10 grams and silver surpassing ₹2.76 lakh per kilogram. As of 10:22 AM, the April contract for gold on the Multi Commodity Exchange (MCX) rose by 1.07% to reach ₹1,62,010, while the May contract for silver increased by 3.46% to ₹2,76,411.
International markets also reflected an upward trend in gold and silver prices. As of the time of writing, gold was priced at $5,175 per ounce, marking a 1.40% increase, while silver rose by 5.42% to $89.105 per ounce on COMEX.
The surge in gold and silver prices is attributed to a weakening dollar index, which fell to 98.85, down from above 99 on Monday. Additionally, global instability has contributed to increased buying of these precious metals. Recently, U.S. President Donald Trump stated in an interview that the American campaign against Iran would “soon” come to an end, defining victory as the point when Tehran can no longer develop weapons that pose a threat to the U.S., Israel, or its allies.
Iran responded sharply to Trump’s remarks, with the Islamic Revolutionary Guard Corps (IRGC) stating through Iranian government media that it is Tehran, not Washington, that will decide when to end the conflict. This has heightened global instability, further boosting the demand for gold and silver.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
