Gold jumps nearly Rs 1,000, silver surges Rs 4,000: Time to invest or wait for a dip?

After several weeks of uncertainty, gold and silver are now moving higher with steady gains. This has boosted market sentiment, but it has also left many wondering whether to buy now or wait for more favourable prices.

After delivering months of record-breaking returns, gold and silver suddenly lost their shine in late January. The sharp crash shocked many investors, and prices have still not returned to their earlier highs.

However, the mood is slowly changing. While neither metal is near its record peak, both gold and silver are showing steady gains once again.

At 1.30 pm, on February 20, MCX gold was trading at Rs 1,55,809, up by Rs 990 or 0.67%. MCX silver stood at Rs 2,45,277, higher by Rs 3,884 or 1.61%.

So, what is driving the recovery, and what should investors do next?

The recent rise in bullion prices is largely linked to growing global tensions, especially between the US and Iran. Whenever geopolitical risks rise, investors often move their money into assets that are seen as safer, and gold and silver usually top that list.

Hareesh V, Head of Commodity Research at Geojit Investments Limited, said, “Rising US–Iran tensions have already driven investors toward bullion, pushing gold close to the $5,000 mark as safe-haven demand strengthens. Investors typically turn to gold and silver during geopolitical conflicts because these metals preserve value, reduce exposure to market volatility, and serve as trusted hedges when currencies and financial markets face uncertainty.”