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New Delhi: If you were thinking of getting jewelery made in this wedding season or were planning to buy gold and silver for investment, then be careful. Today such a volcano of prices has erupted in the bullion market that the common man is left in a tizzy. There has been a huge jump of Rs 11,000 in the prices of silver within just 24 hours, while gold has also not lagged behind and has seen a tremendous rise in its prices. The surprising thing is that the cause of this fire is not India, but a big ‘deal’ made between America and Iran across the seven seas.

There was an earthquake of 11 thousand rupees in silver, the shine of gold also increased

The latest data of the bullion market has put a heavy burden on the pockets of buyers. On Wednesday, silver broke all the old records in Delhi’s bullion market. The price of silver has increased by Rs 11,000 (about 5%) in a single day. Now you have to buy one kilo of silver Rs 2,51,000 Will have to spend. Let us remind you that yesterday i.e. on Tuesday this same silver had fallen by Rs 2,000 and was being sold at Rs 2,40,000.

The news is also not good for gold lovers. Gold of 99.9% purity became costlier by Rs 3,200 (2.09%) today. Rs 1,56,400 per 10 grams Has reached the level of. Whereas yesterday a slight fall of Rs 600 was seen in it and the price was around Rs 1,53,200.

This deal between Trump and Iran has spoiled the game

Market experts say that these prices of gold and silver have a direct connection with global politics. Now there is news of sudden relief in the war situation that was prevailing in the Middle East. Between America and Iran just before the end of US President Donald Trump’s deadline 2 weeks ceasefire (Ceasefire) has been agreed upon.

Trump had set a condition that Iran would have to open an important maritime trade route like the ‘Strait of Hormuz’, to which Iran has agreed. According to Saumil Gandhi, Senior Commodity Analyst of HDFC Securities, this peace talks have softened the prices of dollar and crude oil, due to which investors once again started buying gold and silver heavily considering it as a safe investment. This huge demand has sent the prices sky high.

There is panic in foreign markets also

Not only in the Indian market but also in the international market, the price of precious metals is out of control. Spot gold rose by $ 97.48 in the global market on Wednesday. $4,803.33 per ounce But reached. At the same time, a big jump of 6 percent was seen in silver at the global level and this $77.33 per ounce But is trading. Experts believe that until the global situation becomes completely stable, such fluctuations in the market may continue.