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Gold prices dropped Rs 1,100 in Delhi on Wednesday amid weak global trends and stronger safe-haven demand for the dollar. Silver prices also declined sharply as investors tracked US-Iran tensions and awaited key US economic data for interest rate signals

Gold and silver prices remained volatile on Monday as rising tensions in West Asia, stronger US Treasury yields and persistent inflation concerns impacted global markets. While gold edged higher on MCX, silver stayed under pressure amid weaker investment demand and global uncertainty

Gold and silver prices rose on Thursday amid rising crude oil prices and growing tensions in West Asia. Gold crossed Rs 1.50 lakh on MCX during intra-day trade, while silver also gained strongly as investors reacted to global uncertainty and geopolitical developments

As of Saturday, the price for 22-carat gold per ten grams stood at Rs 63,250, while 24-carat gold was priced at Rs 72,280.

This surge marks only the third instance in the past year where the price of gold has surpassed Rs 62,500 per 10 grams in Hyderabad.

However, silver climbed Rs 450 to Rs 76,750 per kilogram. It settled at Rs 76,300 per kg in the previous trade.