Gold will increase the volatile fluctuations between the Russia-Ukraine war

- Bullion Bits: Dinesh Parekh

Russia's attack on Ukraine in the world market and its first victory in the world political round by recognizing the two Ukrainian provinces as the country has made Russian President Putin speechless. Then America and European countries imposed a section on Russia. The UK banned five Russian banks and three billionaires after Germany canceled the Nord Straw agreement. Fear of a war in the stock market seems more destructive and crude oil fell below ૯૮ 105 a barrel on Friday, hitting ૫ 105 a barrel on Friday, fearing a shortage of crude oil and a hindrance to trade when India's stock market eroded by Rs 12.5 lakh crore.

The United States and Russia have been at loggerheads over Ukraine since the Cold War broke out, and the United States has said it does not want a military drill but is pushing Russia along with European nations and NATO by imposing sanctions.

In New York's Comex market, gold jumped from 18.05 to ડો 30 an ounce, before quoting ૯૭ 150 an ounce in New York's Comex on Thursday morning.

Investors from all over the world have started buying gold to protect themselves against risk. Russia will be profitable if oil prices rise, and President Putin is trying to achieve his goal by ignoring US and European financial sanctions.

Fearing the war, the Russian ruble depreciated 3 percent against the dollar and the ruble depreciated as the ruble quotes at 5 rubles per dollar. Political experts say that in the current context, the US and NATO member states are playing a game of financial tension to bring Russia to its knees, calling for repentance and playing a game by ignoring military aid or involvement.

In the aforesaid fight, gold is likely to rise and oil is likely to bounce back, and gold is once again rushing to the level of 5,000 an ounce. The tumultuous fluctuations in gold and silver prices seen during the week between the Russia-Ukraine war are likely to continue in the coming days.

In Ukraine's volatile world market, silver gained momentum on the back of a bullish vortex, jumping by ડો 1 and 2 cents an ounce in a single day, quoting a price of 7.5 cents an ounce. It fell again on Friday evening to close at ૩ 4.50.

As silver is cheaper than gold, small and large investors are flocking to buy silver.

Irrespective of the current delivery or production or supply of silver, only the demand of silver traders' funds and investors determines the direction of prices .

Though the domestic gold market is homeless and will remain homeless till March 15, the strength of the global gold market and the weakening rupee against the dollar has pushed gold prices up by Rs 1,200 per ten grams. On Thursday afternoon, gold prices were quoted at Rs 200 per ten grams in the jewelery market. It is to be noted on Friday evening that the price of gold in the futures market is quoted at Rs.

Old gold revenues will rise to seven. But Jinalbhai, a trader who buys second-hand jewelery, says that without the current war-like situation, gold prices have risen due to global strength. But if the political climate calms down, it will not be a surprise if gold falls by Rs 1 lakh per kg.

Investors are holding on to buying gold at lower prices and are still counting on prices to rise. Demand for new gold and lignansara after global strength and holocaust will not allow gold prices to fall. Overall, gold appears to be booming.

Importers order limited gold but only after fixing the price of gold in dollars as well as setting the rupee exchange rate against the dollar.

In the domestic silver market, silver rose by Rs 200 per kg on Wednesday and Thursday, and was quoted at Rs 500 per kg, down from Rs 200 on Friday.

Futures and spot silver prices are almost the same. Informed bullion traders say that whenever there is a big fluctuation or a big ups and downs in the price of silver, the bullion traders increase the margin in the trading price of silver, ie increase the margin, ie the price fluctuates between Rs 200 and Rs 500 per kg.

Investors, speculative-minded traders make short-term profits by leveraging in silver even though they are not close to home.

Shopkeepers do not stock up on buying silver at new prices and build their showroom stock by focusing on how the household emerges after the Holashtak and can take advantage of the silver price increase by keeping their stock intact.