On Wednesday, gold prices in India were reported at ₹ 1,53,872 per 10 grams for 24-carat gold. The rate for 22-carat gold was ₹ 1,40,946 per 10 grams. In the capital city of Delhi, 24-carat gold was priced at ₹ 153,759, while 22-carat gold stood at ₹ 1,40,843.
Gold and Silver Prices Fluctuate Amid Market Turmoil
Gold and silver prices experienced a temporary dip as global market panic subsided, despite high tax rates of 15%. However, ongoing unrest in the Middle East has led to daily fluctuations in the prices of these precious metals.
The United Arab Emirates said on Tuesday that it had suspended all trade and financial dealings with Iran after accusing Tehran of launching two ballistic missiles towards shipping in the Gulf. On Monday, the UAE’s defence ministry issued a warning over a missile threat to its territory for the first time in months. The precious metals market continues to see day-to-day fluctuations amid changing conditions in international markets and ongoing turmoil in the Middle East. Trump rejected that claim. “There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect,” Trump wrote on his Truth Social network.
Trump said that Washington was not engaged in any talks with Iran and that no discussions had been planned. The statement came a day after Trump’s envoy and son-in-law, Jared Kushner, said the US and Iran were having “very positive and active conversations”.
