Gold and Silver Prices Surge Amid Global Uncertainty

Bhubaneswar: Precious metals witnessed a sharp rise in Odisha markets today, driven by global economic and geopolitical turbulence.

Gold prices climbed significantly, with 22‑carat gold increasing by Rs 2,070 per 10 grams to Rs 1,47,900, while 24‑carat gold rose by Rs 1,900 per 10 grams to Rs 1,61,350.

Silver too saw a dramatic surge, jumping Rs 10,000 per kilogram to reach Rs 3,00,000.

Analysts attribute the rally to multiple factors: ongoing trade tensions, U.S. tariff announcements, and geopolitical conflicts, including strained relations between Washington and Tehran.

A weakening U.S. dollar, inflationary concerns, and shifting central bank reserves toward gold have further strengthened demand.

Silver’s rise is not only tied to its safe‑haven appeal but also to growing industrial demand in solar energy, electric vehicles, and electronics.

Experts suggest that both metals may continue to see upward momentum as investors seek stability in uncertain times.