Russia-Ukraine Crisis: Gold will cross ₹60,000 due to war! Know how much profit you will get in gold till March 31?

Good News!  Today is the chance to buy cheap gold, the rate fell by Rs 850 in a single day, know the price of 10 grams


new Delhi. Russia’s war against Ukraine (Russia-Ukraine Crisis) has been tampered with. The direct impact of the Russia-Ukraine crisis with the global markets is the domestic bullion market (Indian Bullion Market) is also visible. Due to reasons like rising inflation, rise in crude oil prices and Geopolitical Tension, gold prices are supported in the domestic bullion market.Gold Price Jumps) Can get it.

Ajay Kedia, director of Kedia Advisory, says that due to the current situation, there is an atmosphere of fear among investors. In such a situation, in terms of safe investment, gold (Gold Investment) their attractiveness will increase, due to which gold in the domestic market can reach beyond Rs 58000 per 10 grams by the end of this year. If the situation worsens, the prices of the yellow metal can reach beyond Rs 60,000.

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May touch 53,500 mark by next month
Ajay Kedia said that due to the crisis in Russia and Ukraine, investors are scared due to the fear of World War 3. Given the huge volatility in the stock markets around the world and other reasons, they will be attracted towards gold. Due to this, the outlook of gold is looking very strong in the near future. In such a situation, gold can touch the figure of Rs 53,500 per 10 grams in the domestic market by March 31, 2022.

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MCX reached 51,750 Gold
Gold on MCX rose 2.15 per cent to Rs 51750 per 10 grams on MCX due to increased geopolitical risk. In today’s trade, gold has gained about Rs 1300. In the international market too, gold has reached the price of $ 1950 per ounce. Investors are exiting equities and buying gold due to safe investments.

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Outlook is looking strong due to these 6 reasons
Ajay Kedia says that updates from America, European countries and NATO are yet to come in Russia-Ukraine case.
US central bank Federal Reserve is going to raise interest rates next month. But, given the current situation, he can postpone the decision to increase the interest rates.
Inflation is increasing continuously. Inflation in America is at a 40-year high, Britain is also suffering from it.
Rupee continues to depreciate against dollar.
Crude oil has reached a high level of eight seven in the international market. It has reached beyond $100 per barrel.
After geopolitical tensions like Russia and Ukraine, inflation increases worldwide.
The eyes of the investors will be on the facts, stunned by the current situation. If the situation continues like this, it will give support to the yellow metal.

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Now the next stop is 2050 dollars
Anuj Gupta, Vice President (Research), IIFL Securities, says that gold is trading near $ 1950 an ounce in the international market. It may show a level of $ 1980 an ounce in the next few days and after that the next stop will be $ 2050 an ounce. Silver can also show the level of $27 very soon and $30 after that. He said that there is pressure on the stock markets around the world. Factors like crude oil, inflation, fear of interest rate hike and rise in bond yields will help gold.

The rise in these commodities also
Apart from gold, silver has also gained 2 per cent. Crude has gained more than 5 percent and has crossed $ 101 a barrel. The rupee has depreciated by 0.59 percent against the dollar. Natural gas prices have risen by more than 6 percent. Nickel has gained 2 per cent and aluminum has also gained 2 per cent.

Tags: gold price, Investment and return, Russia


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