Gold and Silver Price: Gold and silver prices will rise sharply between February 23 and 27, experts warn..

Analysts say that amid renewed trade tensions following US President Donald Trump's decision to raise global tariffs and rising geopolitical tensions in West Asia, investors have sought safety in safe-haven assets, which is expected to lead to a rise in silver and gold prices next week (between February 23 and 27).

Market players will be paying attention to key economic data to gauge the price trends of precious metals. These include the US producer price index, public economic confidence, weekly unemployment claims, and the interest rate decision by the Chinese central bank.

Could gold and silver prices rise?
Choice Broking said, "Markets are awaiting the US producer price index, housing data, consumer confidence, regional Federal Reserve indicators, and the key interest rate decision by the Chinese central bank."

Choice Broking said that Trump's increase in global import tariffs following the US Supreme Court's decision and rising geopolitical risks have created uncertainty in global trade, leading investors to turn to safe-haven investments (gold and silver).

How much did gold and silver prices rise on MCX?
Silver prices on the Multi Commodity Exchange (MCX) rose by ₹8,584, or 3.5 percent, last week, while gold prices rose by ₹981, or 1 percent.

What did the expert say?
Prathamesh Mallya of Angel One's research department said, "Gold prices remained in a narrow range until the week ended February 20th. Gold prices on MCX fluctuated between ₹1.5 lakh and ₹1.6 lakh per 10 grams. Weak US economic data and rising geopolitical risks pushed up gold prices. Investors also factored in the possibility of an interest rate cut by the Federal Reserve."

Mallya said that the escalating tensions in West Asia, the Russia-Ukraine war, and broader market volatility have prompted some investors to invest in gold to avoid uncertainty.

"Overall, risk-off sentiment remained strong in precious metals this week. We expect gold prices to rise to Rs 1.61 lakh per 10 grams," he said.

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