Hyderabad, February 28: As the ongoing crisis in the Middle East intensifies Gold prices are also gradually on the rise side by side. According to financial services institution SMC the rate of two metals is likely to soar till March. Gold rate will hit a peak of 21300 per 10 gms and the prices of silver will climb to its highest level of 52000 per Kg.
Till the beginning of the current month the rate of yellow metal was on fall but now due political turbulence in the Middle East the rates are on the rise gradually in the world market.
Gold has risen to 20400 per gram today after a trough of 19700 per gram on March 3.
The big financial institutions are taking back their investments due to political dislocation in the Arab countries.
Siasat news