Global Gold and Silver Prices Plummet Amid Military Tensions

Today, there is a big fall in the price of gold and silver in the international and domestic bullion market. Due to the new military tension between Iran and America in West Asia and the strong US dollar, there is a big fall in the price of both precious metals up to 1-3%. Today, there is a big fall in the price of 24 carat gold up to Rs 4300 per 10 grams, while 22 carat gold used for jewelry is being sold in the range of 1,36,450 to 1,37,160 rupees per 10 grams. In the global market, gold is currently trading around $4175 per ounce, which is more than 25% below its high level of $5602 per ounce at the beginning of the year. On the Multi Commodity Exchange (MCX), silver futures have fallen by about 1.40 to 8,200 rupees per kg (3. 3%) to 2,38,225. In cities like Delhi and Mumbai, the rate of silver financier ID5 has fallen by 999 rupees per kg.