New Delhi: India destroyed 9 terrorist bases in Pakistan by running ‘Operation Sindoor’. Since then, the two countries have been attacking each other and retaliation. Meanwhile, India-Pakistan tension has also had a major impact on aviation services. This has increased tension between India and Pakistan. Now it seems to affect gold prices.
Gold and silver prices crossed the Rs 1 lakh mark including GST. However, gold and silver prices fell drastically due to increasing tension between India and Pakistan and a significant announcement by US President Donald Trump. On Thursday (8), there was a huge decline in gold prices in the evening. Trump’s forecast of a large trade agreement with Britain soon affected gold prices in global and domestic markets.
Meanwhile, gold prices have also seen a decline in the global market. US gold futures fell 1.2 percent to $ 3,350 an ounce. The trade agreement between the US and Britain was signed. Therefore, the US dollar will become even stronger. Therefore, investors can withdraw their investment in gold. Because, when the dollar is strong, the attraction of gold decreases and its prices may fall further.
… So the possibility of loss is more
Currently there has been a slight decline in gold prices. However, investing in gold in long periods can be beneficial. So when gold prices fall in the market, it should be considered a good investment opportunity. However, buying physical gold (offline) may be a bit risky. So if you are investing in jewelery then there is a possibility of loss.
Gold prices fell.
The gold futures on the Indian Commodity Exchange (MCX) declined a drastic fall on Thursday. It fell by about 0.48% and the price of 10 grams of gold came to Rs 96,620. Some experts believe that the ongoing tension between India and Pakistan may increase the demand for gold in India.
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