Russia-Ukraine crisis pushes Gold prices to 9-month high
Ukraine’s military crisis has deepened after Russia’s order to give independent recognition to two rebel areas of eastern Ukraine and send troops there. Due to this, once again a tremendous boom is being seen in the bullion market. Gold has once again reached its record high of nine months due to increasing demand. In the international market, the spot gold price rose by 0.2% in the early hours of Tuesday and the metal touched the price of $ 1,909.54 an ounce. Earlier it had reached the level of $ 1,913.89 an ounce, which is the first time it has reached this level since June 1, 2021.
If we look at the domestic market, then gold has again crossed the level of 50,000. Gold metal was seeing a rise of Rs 322 or 0.64% at 10.06 am and the yellow metal was available at a rate of Rs 50,400 per 10 grams. Its previous closing was at Rs 50,078 and its average price was running at 50,452.81.
At the same time, if we look at silver, it rose Rs 750 or 1.18% and the price of one kilogram of silver was Rs 64,341. Its average price was Rs 64,272 per unit and the previous closing was at 63,591.
