Gold-Silver Rate Today: Bullion market increased due to huge rise in gold and silver prices, Trump’s tariffs and Iran crisis

Future Gold Market Trends: A sudden rise in the prices of gold and silver has been recorded in the Indian bullion market on Saturday. Global instability has increased after the US Supreme Court overturned President Donald Trump’s tariff decisions. Along with this, rumors of war between America and Iran have attracted investors towards safe investments. Looking at future gold market trends, experts are predicting more fluctuations in the coming days.

Record rise in gold prices

The price of 24 carat gold in India has increased by Rs 191 per 10 grams to now reach Rs 1,59,280. At the same time, the price of 22 carat gold has increased by Rs 175, taking it to Rs 1,46,000 per 10 grams. Similarly, the rate of 18 carat gold has also increased by Rs 143 to Rs 1,19,460 per 10 grams.

Huge jump in silver prices

There has also been a sharp recovery in silver prices which has surprised investors. At present the price of silver in India has reached Rs 275 per gram and Rs 2,75,000 per kilogram. Silver has seen a lot of volatility in the last two months where prices had fallen in February after crossing Rs 4 lakh.

US tariffs and the Supreme Court

The US Supreme Court on Friday struck down tariffs imposed by President Donald Trump on more than 100 countries. In protest against this decision, Trump announced the imposition of an additional 10 percent tariff, which created a lot of panic in the market. This political turmoil has created fear among investors due to which they are buying gold considering it as a safe haven.

Tension between America and Iran

One of the main reasons for tension in the global market is the rapidly increasing fear of war between America and Iran. According to reports, President Trump has also been offered the option of assassinating Iran’s supreme leader Ayatollah Ali Khamenei. Due to these serious news, the international price of gold crossed $ 5,080 an ounce on Friday.

Also read: Gold-Silver Rate: Gold and silver on fire, silver again crosses Rs 2.50 lakh; Know how much the price increased this week

Goals and projections for the future

Experts believe that gold and silver prices can maintain their strength in the long term. In the coming time, gold in India is expected to rise from Rs 1,63,000 to Rs 1,70,000 per 10 grams. For silver, experts have set a target of Rs 3,90,000 to Rs 4,20,000 per kg which is quite attractive.