New Delhi: Rising tensions between the United States, Iran, and Israel have started affecting global markets. The impact is now clearly visible in India as well, especially in the gold and silver trade of Jalgaon.
The Sarafa (bullion) market in Jalgaon has seen a sudden and record increase in the prices of gold and silver. Traders said gold prices increased sharply within just two hours. The price of gold went up by nearly ₹1,500 in a very short time.
In a single day, gold prices increased further, while silver prices recorded a massive jump of around ₹20,000. Because of this sudden rise, buying gold has become more difficult for common people.
Today, the price of 10 grams of gold, including GST, reached about ₹1,72,010. This is considered one of the biggest price hikes seen so far. At the same time, silver prices climbed to around ₹2,98,700.
According to bullion traders, uncertainty due to international conflicts has pushed investors towards safe assets like gold and silver. As a result, prices have increased rapidly in a short period.
Experts believe that if global tensions continue, precious metal prices may remain high in the coming days.