New Delhi: A very big and relief news has come out for those buying gold and silver from the Indian bullion market today. A sudden tremendous decline has been recorded in the precious metals market today, due to which the faces of the customers have blossomed. During trading on Multi Commodity Exchange (MCX) today, the price of silver has seen a huge fall of more than Rs 5,000, while gold has also become cheaper by more than Rs 1,600.
Why did the prices of gold and silver suddenly fall?
According to international market and commodity experts, these days the increasing tension and crisis in West Asia (Middle East) is becoming a major reason for the rise in crude oil prices. Due to this turmoil, once again a serious threat of increase in inflation has arisen across the world, the direct impact of which is clearly visible today on the global market as well as the movement of precious metals. However, amidst all this, due to customer demand in some selected areas of the local bullion market, there has been a slight reversal in the price of gold.
-
BJP moves CEO against Telangana CM over voter roll remarks
-
Assam: NDA ally minister’s daughter raises anti-Modi slogans
-
Ask them to arrest me: Sonam fumes after being stopped at hospital
-
Rainy Weather Isn't A Free Pass: Why Your Skin Still Needs Sunscreen Every Day
-
Florentino Perez's promise & agent Kylian Mbappe: Are Real Madrid really about to make Michael Olise the most expensive signing in football history?!
