The escalating war situation in West Asia has sent shockwaves through the global economy, with gold prices witnessing a sharp spike this Friday. While oil and gas prices continue to climb, the sudden surge in gold rates has become a major concern for middle-class buyers. After a brief period of fluctuation, the yellow metal has hit record highs, with prices increasing significantly across all carats.

The most notable jump was seen in 24K gold, where the price for 10 grams rose by ₹1,960 to reach a staggering ₹1,50,930. Similarly, 22K gold saw an increase of ₹1,800, bringing the new rate to ₹1,38,350 per 10 grams. Even 18K gold increased by ₹1,470, now priced at ₹1,13,200. Experts suggest that while investors initially hesitated due to inflation fears linked to the Iran conflict, the current volatility reflects global economic uncertainty. Interestingly, silver prices remained stable over the last 24 hours, holding firm at ₹2.5 lakh per kilogram.