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Gold hits Rs 1.44 lakh and silver crosses Rs 2.14 lakh amid geopolitical relief

Gold prices surged strongly to nearly 4 percent while silver rose about 6 percent to Rs 2,14,500 per kg. Analysts see further upside while advising a buy-on-dips strategy amid geopolitical developments

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Investors cheer as easing Middle East conflict boosts gold and silver. Representational Image

Investors cheer as easing Middle East conflict boosts gold and silver. Representational Image

Gold and silver prices witnessed a strong surge on Wednesday amid easing tensions in the West Asia conflict. 

On the Multi Commodity Exchange (MCX), gold futures (April 2) advanced as much as Rs 5,658 or about 4 per cent to an intraday high of Rs 1,44,570 per 10 grams by 10:26 am. The yellow metal was later trading at Rs 1,44,410, up Rs 5,498 or 3.96 per cent.

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