Mumbai. With Russia aggressively attacking neighboring Ukraine (Russia-Ukraine) unilaterally, the war has started even without the wishes of the whole world and the United Nations. Along with other sectors, the economic world is also being badly affected by this war. The massive impact of this war is also visible in the Indian economy, which is two-sided. On the one hand, the Indian stock market continues to decline since this morning, while the bullion market is buzzing on the contrary.
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It is to be known that due to the volatility caused by this war in the stock market yerf speculative market, investors are showing confidence in the bullion market by withdrawing their investments. Due to this, the stock market continues to fall due to withdrawals and sell-offs. At the same time, due to continuous buying, the prices of gold and silver are increasing continuously. Let us tell you that as soon as there was a possibility of war (Russia-Ukraine) this trend has continued since then. It is to be known that people invest in gold and silver for the purpose of safe investment.
At the time of writing the news, the price of 24 carat gold in the bullion market has risen to Rs 51,655 per ten grams. At the same time, the price of silver has risen by Rs 1800 to reach a high of Rs 66,100 per kg.
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Talking about the stock market today, the market has reached the verge of crash since the news of war came. At the time of writing the news, the BSE (Bombay Stock Exchange) Sensex was trading at a level of 55,323.27, down 1,908.79 points. At the same time, the Nifty of NSE (National Stock Exchange) fell 583.35 points to the level of 16,479.90.
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