New Delhi: The recent ceasefire following the joint attacks by the United States and Israel on Iran has significantly impacted the Indian markets. Today, the Multi Commodity Exchange of India (MCX) witnessed a remarkable rise in the prices of gold and silver. By 9:18 AM, the price of 24-carat gold surged by ₹3,304, reaching ₹1,53,593, marking an increase of approximately 2.20%.
In contrast, silver prices experienced an even sharper increase. By 9:19 AM, silver climbed by ₹11,565, hitting ₹2,42,913, reflecting a rise of nearly 5%. Experts suggest that the growing uncertainty in international markets and the heightened demand for safe-haven investments have driven up the prices of gold and silver. Investors are currently turning to these precious metals to shield themselves from the volatility of the stock market, providing support for their prices.