There is huge tension in the Middle East due to the war between Israel and Iran. Iran is continuously launching missile attacks on the cities of the Middle East. At the same time, Israel and America have carried out several attacks on Iran. Iran’s Supreme Khamenei has been killed, but still there is no hope of the war ending.
Due to this war, there has been a huge rise in the prices of gold and silver. 10 grams in multi commodity market gold price It rose by Rs 4641 to reach Rs 1,66,745, which shows a rise of 2.86 percent. At the same time, the price of silver has increased by 2.67 percent or Rs 8000 and it is trading at Rs 2.91 lakh per kg.
Gold-silver rates in Delhi-Mumbai markets
On the morning of March 2, the price of 24 carat gold in the capital Delhi has reached Rs 1,73,240 per 10 grams. Whereas in Mumbai its price has become Rs 173090 per 10 grams. In just one week, the price of 24 carat gold has increased by Rs 9430. At the same time, the price of 22 carat gold has increased by Rs 8550.
Rates in international market
There has been a sharp rise in the prices of gold and silver in the international market also. In the international market on Monday, gold rose by more than 2 percent to $ 5,390 an ounce in early trading. At the same time, the spot price of silver has also increased by more than 2 percent and is around $93.76 per troy ounce (USD).
Crude oil price may reach $100
On Monday, the price of crude oil increased by more than 10 percent. Now experts say that its prices can go up to $ 100 per barrel. Experts say that in the short term, we are anticipating serious disruption in oil supply and global supply chains, due to which the prices of Brent crude may increase to $ 90-100 per barrel.
Huge decline in stock market
It is worth noting that due to this war, there is chaos in the stock markets also. Sensex has fallen by more than 1000 points and Nifty is trading down by 300 points. There is a scene of huge devastation in the rest of the Asian markets also. Japan’s Nikkei opened 225 874.07 points down at 57,976.20. China’s Shanghai Composite Index opened down 11.08 points (-0.27%) at 4,151.80, with Hong Kong’s Hang Seng Index falling more than 2% in early trade.
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