- By Aditya Pratap Singh
- Thu, 19 Feb 2026 02:07 PM (IST)
- Source:JND
Gold, Silver Price Outlook Amid Iran-US Conflict: It is historically seen that whenever global tensions rise due to war, trade tension or any other reasons, there's a pattern that follows: the stock market often falls, crude oil prices go up, which would lead uptick in inflation. However, in contrast to the equity market, the geopolitical uncertainty causes a surge in gold and silver prices as investors rush to buy safer assets.
In recent years, we have witnessed rallies in bullion prices many times, driven by tension between nations. The multifold rally that we saw for a few months was caused by tariff concerns from the US administration. The bullion prices went up when the Russia-Ukraine war began, and the gold and silver rates also reacted sharply when a major conflict erupted between Israel and Hamas.
Meanwhile, a new global tension is shaping between Iran and the US. Considering the unfolding development and the war of words between the two nations, the possibility of military action is there. These major developments are causing excitement among investors looking to buy gold and silver.
What Market Expert Has To Say
Ajay Kedia, founder of Kedia Advisory, believes that the ongoing tensions, the dollar's recovery, and the upcoming Fed minutes, which will clarify the path for interest rate cuts, can define the further rally in Gold and silver prices.
"If a war breaks out between the US and Iran, crude prices could surge significantly, increasing the risk of inflation, which would be positive for gold and silver. Therefore, a significant surge in both precious metals cannot be ruled out," said Kedia.
According to the expert, ifthe US initiates military action against Iran, gold prices could reach up to Rs 164,000 per 10 grams, and silver could hit Rs 270,000 per 10 kilograms.
The prices of both commodities have found good support levels after a recent sharp correction. According to Kedia, a rise in geopolitical tensions could trigger significant buying interest. However, the recovering US dollar and the possibility that the Fed minutes might not indicate an interest rate cut could trigger a decline in gold and silver prices.
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Gold, Silver Prices On MCX Today
The gold and silver prices are trading slightly higher in the domestic futures markets as investors turned cautious. At the time of writing, MCX Gold (April Expiry) was trading at Rs 1,56,512 per 10 grams, up 0.48 per cent. At the same time, MCX Silver (March 5 Expiry) was doing business at 2,46,693, up 0.9 per cent.
Disclaimer: This story is for informational purposes only. This should not be considered as investment advice.