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Gold rate today: MCX gold price rises above ₹1.67 lakh per 10 grams amid US-Israel-Iran war; silver price jumps 3%

Gold rate today: Gold prices logged their seventh consecutive monthly gain in February — the longest such streak since 1973 — supported by sustained central bank purchases and a broader shift away from sovereign bonds and major currencies. The latest rally builds on a 64% surge in 2025

Mar 02, 2026 &03450202202631; 03:45 UTC www.livemint.com Trending 5/5

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Positive for markets

Sentiment score: +80/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Gold and silver prices are surging due to heightened geopolitical tensions from the US-Israel-Iran war, driving safe-haven demand. This is compounded by sustained central bank purchases and a broader shift away from sovereign bonds and major currencies, indicating strong bullish momentum in precious metals.

AI CONFIDENCE

85% Very high

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Gold Futures

GC=FCommodity

Expected to rise

Geopolitical tensions and sustained central bank purchases are driving safe-haven demand, with gold prices logging their longest monthly gain streak since 1973.

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Silver Futures

SI=FCommodity

Expected to rise

Silver price jumps 3% amid similar factors as gold, benefiting from both investment and industrial demand in a risk-off environment.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Increase allocations to gold and silver as hedges against geopolitical uncertainty and potential currency weakness, while monitoring for overbought conditions.

KEY SIGNALS

Geopolitical risk escalationCentral bank gold purchasesShift from bonds and currencies

SECTORS INVOLVED

CommoditiesPrecious Metals

Analysis generated on Mar 02, 2026 at 04:30 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Gold rate today: MCX gold price rises above ₹1.67 lakh per 10 grams amid US-Israel-Iran war; silver price jumps 3%

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