The gold rates and silver rates in India are influenced by the performance in international market. On February 25, spot gold price rose by nearly 1% to trade around $5,180 per ounce, while spot silver price outperformed with nearly 2.3% upside to trade over $89 per ounce. The precious metals have recouped their previous day's losses as trade tensions and geopolitical risks pertain.
As per Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, optimism over possible US-Iran talks on Thursday has slightly cooled risk premium, keeping prices capped at higher levels.

For gold rates in India, volatility is expected to consist. Trivedi said MCX gold support is placed near Rs 1,58,000 for the April contract, while resistance remains around Rs 1,62,500. Volatility is expected to stay elevated given ongoing geopolitical developments, as any escalation or breakdown in talks could quickly revive safe-haven buying.
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