Today's gold prices were influenced by the ongoing Israel-Hamas conflict, now in its 20th day, and the heightened geopolitical tensions in the Middle East. Gold prices rose during morning trading. On the Multi Commodity Exchange (MCX), the December gold futures contract opened at ₹60,824 per 10 grams and quickly reached an intraday high of ₹60,968 per 10 grams after the market opened. In the international market, spot gold prices hovered around $1,988 per ounce.

Similarly, silver prices on the MCX also opened higher at ₹71,799 per kilogram and reached an intraday high of ₹71,896 per kilogram during the market's opening. In the international market, the price of silver today is fluctuating around $22.95 per ounce.

It's worth noting that both gold and silver prices have risen despite the increase in US Treasury yields and the value of the US dollar. During morning trading in Asian stock markets, the 10-year US bond yield increased by 0.17 percent, reaching 4.962 levels, while the US dollar index reached a two-week high of 106