Russia-Ukraine War Impact Gold-Silver Prices – BW Businessworld

Due to the Russian-Ukraine War, the price of gold had increased significantly in recent days and it had crossed Rs 53,000. This is its highest level in several months

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Counting of votes is going on for the assembly elections held in five states including Uttar Pradesh today. Meanwhile, the price of gold has declined today. On MCX, gold for delivery in April was trading at Rs 52473, down by Rs 272 or 0.52 per cent at 10.45 am. In the previous session, gold had closed at Rs 52,745 per ten grams and today opened at Rs 52,601.

There is also a decline in the price of silver. On MCX, silver for delivery in May was trading lower by Rs 105 at Rs 69,470 per kg. In the previous session it closed at Rs 69,575 and today it opened at Rs 69,504. It touched a low of Rs 69,000 and a high of Rs 69,627 in morning trade.

The price of gold has increased significantly in recent days due to the war between Russia and Ukraine. There has been a tremendous rise in gold prices in the last 15 days. The price of gold rose by 7.83 per cent to Rs 53,595 from Rs 49,938. This is its highest level in many months.

The sudden rise in the price of gold is also affecting the customers. Many people have canceled their orders given to jewelers due to high prices. At present, marriages are being postponed due to expensive gold. There are many such families where the marriage was to take place in March, but they have postponed the date of marriage to April or May due to high gold prices. People say that only when gold becomes cheaper after the end of the Russo-Ukraine war, they will be able to buy gold for weddings.