Gold reaches new high of Rs 75,500 as tensions between Israel and Iran increase – ..

The Indian stock market has entered a bearish phase after the MGE Sensex touched the level of 75,000, on the contrary, the bullion market has started a free recovery after a gap of two days. The threat of war between Israel and Iran is looming, leading to a slow but steady recovery in global gold and silver on Tuesday. Following the international market, gold and silver prices have also increased at the domestic level.

The price of 24 carat gold per 10 grams in Ahmedabad on Tuesday was. Rs 500 were increased. Reached a new record level of 75,500. Similarly, 22 carat gold is priced at Rs. Reached the level of 75,300. Silver price also increased to Rs. 1000 due to geopolitical tension and increasing industrial demand. At a record high of Rs 1000 to Rs 84,000 per kg. In the international market, gold is trading at $ 2391.40 an ounce. While the price of silver is running at $28.38. The bullish trend in gold is likely to continue. According to experts, Iran had carried out a drone attack on Israel last week. This has increased tension in the Middle East. Whenever tension increases due to war or terrorism, investment in gold increases as a safe investment. As long as tensions between these two countries persist, the bullish trend in gold is likely to continue.