Israel and America jointly launched several attacks on Iran on Saturday, after which Iran wreaked havoc one after the other in Middle East cities like Dubai, Abu Dhabi, Kuwait and Qatar. Now war has spread throughout the Middle East, neither Iran nor America and Israel are ready to accept. Till now, a total of 10 countries have joined this war and sharp statements are also coming from many countries.
meanwhile, stock marketThere is an atmosphere of fear among them. The Indian stock market crashed upon opening on Monday. Sensex opened with a fall of 2700 points while Nifty opened with a fall of 500 points. However, it recovered after some time and by the time the market closed, the Sensex fell by 1048 points or 1.28 percent to 80238. Nifty was down 312 points or 1.24 percent at 24865. Due to this, investors suffered a loss of Rs 6.60 lakh crore.
People are buying more of these things
While the stock market declined due to the outbreak of war, the prices of gold and silver rose significantly. on mcx Sleep It rose by Rs 7000 to reach Rs 1.69 lakh. There was a sharp rise in the prices of silver. Silver rose by Rs 14,000 to Rs 2.97 lakh per kg. There was a huge jump in the price of copper also. This rise has come due to people investing in safe assets like gold and silver. Investors are investing money in their ETFs as an alternative to gold and silver.
What is the condition of crude oil?
There was a big jump in the price of crude oil in early trading. On Monday, crude oil rose 13 percent to $ 80 per barrel. Now experts say that if the war in the Middle East continues for a long time, the price of Brent crude oil may reach $ 100 per barrel.
Now what next in gold, silver and stock market?
Experts say that there is no hope that the war situation will return to normal for about 7 to 10 days. In such a situation, if the war continues for a long time, the situation in the stock market may worsen even more. At the same time, investors can invest in safe assets like gold and silver, due to which the prices of gold and silver can increase. Apart from this, the price of crude oil is also expected to increase.
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