Gold and silver prices have finally surged, with prices rising by up to ₹13,000 in a day; should you invest or not?

News Topical, Digital Desk : Amid rising geopolitical tensions in the Middle East, gold and silver prices have finally seen a sharp rise. On Tuesday, March 10, the price of gold in the global market increased by about ₹2,800 (gold price hike), while silver recorded a sharp jump of about ₹13,000 (silver price hike). This sudden surge has once again drawn investors' attention to the bullion market.

Gold and silver had been fluctuating within a narrow range for the past 11 days. Prices would rise one day and then fall the next, preventing a clear market trend. However, Tuesday's sharp rise indicated that the impact of global uncertainty is now beginning to be felt on precious metals.

The impact was also clearly visible on the Indian futures market, MCX. Gold prices jumped by more than ₹2,000, while silver gained more than ₹11,000. Similarly, the India Bullion and Jewellers Association (IBJA) also saw strong gains in both gold and silver.

Now the big question in the market is whether this upward trend will continue or whether prices will fluctuate again. Many investors are trying to understand whether it is wise to invest in gold and silver at current levels or whether it would be better to wait.

What are the latest gold and silver rates in your city?

How much did gold and silver rise on COMEX?

On the global market COMEX, gold rose 1.72 percent, jumping $87.70 per ounce (about 2,800 rupees per 10 grams in Indian currency) to trade at $5,191.40 per ounce (about 168,440 rupees per 10 grams). Silver also saw a strong jump of 4.92 percent, or $4.15 (about 13,466 rupees per kilogram), and the price crossed $88 (about 285,547 rupees per kilogram).

How much has the price increased on MCX and IBJA?

On the Multi Commodity Exchange, gold for April delivery jumped 0.88%, rising by Rs 1,403 to trade at Rs 1,61,702 (gold rate today) per 10 grams. During the trading session, gold reached a high of Rs 1,62,388 (gold price today) and a low of Rs 1,61,743. The previous day, it had closed at Rs 1,60,299. This means that gold gained Rs 2,089 compared to its previous close and today's high.

Meanwhile, silver for May 2026 delivery rose 2.844%, or ₹7,580, to reach ₹274,740 (silver rate today). During this period, the high was ₹278,339 (silver price today) and the low was ₹271,000, while the previous close was ₹267,160. This means that compared to the previous close and today's high, silver became more expensive by ₹11,189.

At the All India Bullion and Jewellers Association (IBJA), 24-carat gold jumped by Rs 1,514 to Rs 1,60,188 per 10 grams. Its price was Rs 1,58,674 the previous day. Silver also saw a sharp rise of Rs 10,888 to Rs 1,70,944. Its price was Rs 2,60,056 the previous day.

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