IBN24 News Network (Kajal Panchal)
Market shaken by global tensions
Amid rising international tensions, gold prices have suddenly surged. After the 18-day ceasefire between the US and Iran broke, uncertainty has increased among investors.
In such situations, people look for safe investments, and gold has always been considered a “safe haven.” This is why gold has once again picked up momentum.
Jump in gold on COMEX
On COMEX, gold prices saw an increase of around $22, reaching $4,541.50 per ounce.
This clearly indicates that global demand for gold has suddenly increased. Whenever buying rises in the global market, its direct impact is also seen in countries like India.
Why did tensions rise in the Middle East?
The situation in the Middle East is worsening rapidly. According to reports:
- Iran targeted US warships
- Missiles were launched toward the UAE
- The US issued a strong warning
Such developments create fear among investors worldwide, leading them to move away from risky assets like stocks and invest in gold.
Why is gold rising?
This is the main reason why gold prices are increasing. Whenever there is war, crisis, or political instability in the world, the demand for gold rises. It is considered a “safe investment” because its value remains stable in the long term and involves lower risk. That’s why as soon as tensions increase, money starts flowing into gold and prices go up.
Latest gold rates in India
If we talk about the Indian market, according to IBJA:
- 24 carat gold: ₹1,48,100 per 10 grams
- 22 carat gold: ₹1,44,550 per 10 grams
On MCX, gold closed at ₹1,49,301 per 10 grams, although a slight decline was seen there. This means domestic and international markets can show different trends.
Why is silver falling?
During this period, silver prices have declined. July delivery silver fell 2.77% to ₹2,43,994 per kg. In Delhi bullion market, silver is at ₹2,49,500 per kg. This shows that not every precious metal behaves the same—gold may rise while silver can fall.
Difference between 24K, 22K and 18K gold
Talking about different carats of gold:
- 24 carat is the purest and best for investment
- 22 carat is widely used in jewellery as it is stronger
- 18 carat is used in designer jewellery and is more affordable
This means as carat decreases, price also decreases but durability increases.
What is the signal for investors?
If we understand the whole situation, it is clear that the rise in gold prices is mainly due to global tensions.
When investor confidence shifts away from other markets, they move towards gold—and this trend is visible right now.
What is the biggest question now?
The biggest question now is whether this rise will continue or it is just a temporary spike. If tensions in the Middle East increase further, gold may become even more expensive. But if the situation stabilizes, prices may fall.
Disclaimer:
This information is provided for general informational purposes only. The prices, data, and analysis mentioned are based on current market conditions and may change over time. Any decision to buy gold, silver, or make an investment is solely your personal responsibility. It is advisable to consult your financial advisor before making any investment decisions.
Your opinion matters
What do you think? Should you buy gold now or is it better to wait? Do share your opinion in the comments!
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