Gold-Silver Price: Silver jumped as soon as the market opened, became expensive by ₹ 5000 in one stroke, gold rose by ₹ 2000

Gold-Silver Price Today 23 Feb: Following the US Supreme Court’s tariff decision and President Donald Trump’s order to impose 15% tariffs on all trade partners, uncertainty regarding trade has increased in the market. This situation may increase the demand for gold and silver as safe investments, as seen in the Asian market.

Investors are also paying attention to the prospects of talks between the US and Iran. However, tensions remain between the two sides in the Middle East and they are blaming each other, preventing a stable agreement.

Silver ran away as soon as the market opened

Following global cues, today gold rates opened at ₹ 1,58,458 per 10 grams on MCX and reached an intraday high of ₹ 1,60,600 within a few minutes. Silver price opened at ₹2,63,061 and reached ₹2,68,120 per kg. Gold rates on COMEX also opened with an upside gap and reached an intraday high of $5,198.41 an ounce, which was about 2% higher than Friday’s close of $5,080/ounce. Similarly, the silver rate on COMEX reached $87.753 per ounce, which was 6% more than the previous close.

Effect of geopolitics on gold and silver prices

Regarding gold and silver prices, Sugandha Sachdeva, Founder, SS WealthStreet, said that uncertainty in trade, geopolitical risks and macroeconomic factors will support the prices of gold and silver.

Condition of gold and silver in Globar Market

SEBI-registered market expert Anuj Gupta said that the rate of silver on COMEX is between $70 to $88 per ounce and the rate of gold is between $4,850 to $5,200 per ounce. If gold goes above $5,200, its price can reach $5,500. However, the prices of gold and silver are expected to fluctuate.

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Global brokerage UBS forecasts the price of gold to reach $6,200 an ounce by the end of 2026. In this way, further rise in gold and silver prices is expected due to uncertainty in trade and global factors.