Earthquake in gold and silver prices, silver became expensive by ₹ 15,200 in a day, gold crossed ₹ 1.60 lakh: – ..

News India Live, Digital Desk: If you are planning to buy gold or silver, then today’s latest prices have shaken your budget. As soon as the market opened on Monday, there was a huge ‘gap-up’ opening in the prices of precious metals on MCX. The increasing tension between America and Iran and the weakness of the dollar in the global market have peaked the demand for gold as a safe investment.

Today’s situation on MCX (23 February 2026)

Heavy buying pressure is being seen on Multi Commodity Exchange since this morning:

Gold (Gold April Futures): close to ₹3,700 (2.4%) with a surge of ₹1,60,600 Reached the level of per 10 grams.

Silver (Silver March Futures): Silver saw a historic rise, where it ₹15,200 (6%) by jumping ₹2,68,120 per kg.

Why was there such a huge increase?

According to market experts, there are three main reasons behind this sudden rise:

Geopolitical Tension: The increasing tension between America and Iran has scared investors, due to which they are running towards gold as a safe investment.

Tariff Declaration: US President Donald Trump’s announcement of imposing 15% tariff globally has created uncertainty in international trade.

Dollar weakness: Due to falling dollar index in the global market, it has become cheaper to buy gold in other currencies, due to which the demand has increased.

Today’s price in your city (24K vs 22K Gold)

The estimated prices without tax and making charges in major cities of the country are as follows:

advice for investors

Market experts believe that the next target of gold $5,200 May be per ounce. If the momentum in the Indian market continues, gold will soon ₹1,70,000 Can cross the level of. However, considering the current fluctuations, investors are advised to buy with caution.