Price of gold in India Pakistan war
Till some time back, gold prices were on fire. Gold was ready to cross 1 lakh. But then there was a recession and gold prices started coming down. A hope arose in the minds of people that they would now get gold at a cheaper price. It started becoming clear that it would take some time for gold to reach lakhs. But once again a rise in gold prices is being seen. India-Pakistan tension on the border is directly impacting gold rates. Yes, the increasing tension between India and Pakistan is also affecting gold and once again there has been a sharp rise in the prices of gold. Earlier, its price was seen falling continuously and now not only on the Multi Commodity Exchange i.e. MCX but also in the domestic market, a sharp rise in the price of gold is being seen.
Let us know how much has the price of 24 carat gold per 10 grams changed in the last one week. Tensions between India and Pakistan increased after Operation Sindoor. As this tension increased, the gold caught fire. Gold has become costlier by 4000 per 10 grams in just a week. First of all, let us tell you what changes have happened in the prices of gold on MCX at this time. So the future price of 24 carat gold with expiry on June 5 on May 2 was Rs 92637 per 10 grams. But on May 9, i.e. the last trading day of last week, its gold rate MCX Gold Rate increased to 96535 per 10 grams. If seen in this way, gold has become expensive by ₹ 3898 per 10 grams in about a week. That means a jump of about ₹4000. Now let’s talk about the domestic market.
If we talk about the gold price, then according to the website of Indian Bullion Jewelers Association i.e. IBJA.com, Operation Sindoor, which is being run by India to give a befitting reply to Pakistan after the Pahalgam terrorist attack, has sent the gold prices on fire. Since then, the impact of Indo-Pak tension was seen on the border and this impact reached the gold price, which saw a sharp jump. According to the IBGA website, on May 2, the price of 24 carat gold in the domestic market was 93954 per 10 grams, which increased to 96420 per 10 grams on May 9. If the calculation is done according to this, then the price of gold in the domestic market has increased by ₹ 2466 per 10 grams in a week. This is about 24 carat gold. Now let us come to the price of 22 carat gold. It is currently trading at Rs 94,100 per 10 grams in the domestic market. If we talk about 20 carat gold, its price is ₹ 85,810 per 10 grams. If we talk about 18 carat gold, its price here is ₹78,100 per 10 grams and the price of 14 carat gold is ₹62,190 per 10 grams. Now it is worth noting that the Indian Bullion Jewelers Association i.e. IBJ gives information about the prices of gold and silver every day. Therefore, we have told you about the total change in price in the last week. Here the rates of gold and silver are being given without tax and making charges. So, in the actual market, you may have to pay more than the price mentioned on the website. The rates issued by IBGA are the same across the country.