Operation Sindoor’s impact on gold, price reached 1 lakh

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Gold prices rose by Rs 1,000 per 10 grams in the national capital on Wednesday amidst the rise in demand due to increasing tension on the border between India and Pakistan. The All India Bullion Association said that the price of 99.9 percent purity in the Delhi market increased by Rs 1,000 to Rs 1,00,750 per 10 grams. It was Rs 99,750 per 10 grams on Tuesday. Gold had climbed Rs 1800 to Rs 1,01,600 per 10 grams on 22 April.

The Indian armed forces launched missile attacks on nine terrorist bases in Pakistan-occupied Kashmir and Pakistan late at night, including Jaish-e-Mohammed’s stronghold in Bahawalpur and Lashkar-e-Taiba’s whereabouts in Muridke.

These attacks were carried out under ‘Operation Sindoor’, two weeks after the terrorist attack in Pahalgam, Jammu and Kashmir. 26 Indian citizens were killed in this terrorist attack. At the same time, on Wednesday, the price of gold with a purity of 99.5 percent increased by Rs 1,050 to Rs 1,00,350 per 10 grams. It stood at 99,300 per 10 grams in the previous session.

Apart from this, silver prices also increased by Rs 440 to Rs 98,940 per kg. On Tuesday it was Rs 98,500 per kg. Globally, the spot gold rose by 62.12, or 1.8 percent to $ 3,369.65 an ounce. At the same time, the price of spot silver declined from 1.24 percent to $ 32.81 an ounce. Language edited by: Sudhir Sharma

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