The bullion market witnessed an unprecedented surge today, April 8, following the temporary de-escalation of tensions between Iran and the United States. After a relatively stable day on April 7, gold and silver prices have reacted sharply to the geopolitical shift, leaving buyers in a state of shock. Experts had predicted that a pause in the conflict would trigger a massive rally, and the market has followed suit.

According to the latest data, 24-carat gold has increased by ₹346 per gram, bringing the rate for 10 grams to a staggering ₹1,51,260. The 22-carat jewelry gold also saw a significant hike, now priced at ₹1,43,700 per 10 grams. However, the most dramatic move was seen in silver, which leaped by over ₹9,000 in a single day, reaching a high of ₹2,45,873 per kilogram. Retail buyers should note that these benchmark rates exclude GST and making charges. With the festive and wedding season around the corner, this sudden price hike is expected to impact consumer sentiment significantly.