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Gold and silver jump as West Asia truce hopes spark fresh buying
Economy
Published on 6 May 2026
A hoped ceasefire flips safe haven demand fast
Gold and silver prices surged on Wednesday after market sentiment improved on hopes of de escalation in West Asia. On India’s MCX, gold spiked sharply, while silver futures also climbed. Analysts said investor interest in gold has risen, but flagged caution for silver as volatility and risk appetite may change quickly with the conflict’s headlines.
- Gold prices jumped sharply on MCX amid truce hopes
- Silver futures also rose, tracking safer asset demand
- Investors shifted interest toward gold over silver
- Analysts urge caution due to likely market volatility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times