Silver prices in India have moved closer to Rs. 3 lakh per kg on MCX as escalating geopolitical strains involving the US, Israel and Iran boost safe-haven buying. Spot silver climbed 1.4% to $90.67 per ounce on March 3, 2026, extending gains to a four-week high zone. Analysts point to a multi-year supply deficit, robust industrial usage and strategic stockpiling in China as additional forces supporting the ongoing rally.

Turkey has submitted draft amendments to its Capital Markets Law that would classify crypto gains as capital market income and impose a 10% withholding tax on realized profits each quarter. The proposal also introduces a 0.03% levy on the sales value of every crypto transaction and grants the president power to adjust the profit tax rate between 0% and 20%. Under the plan, crypto trades that pay the new tax would be exempt from VAT, and the rules would take effect two months after official publication if approved.