Gold-Silver Rate Today: Gold shines due to Iran crisis, silver becomes costlier by Rs 5000, know today’s price

Gold-Silver Rate Today In India: A huge jump in the prices of gold and silver has been recorded in the Indian bullion market on June 2. The deepening crisis in Gulf countries, especially Iran, is now having a direct impact on the prices of our domestic market. Along with gold, there has also been an unexpected increase in the prices of silver, which has increased the budget related concerns of common customers. As soon as the market opened today, a huge and tremendous increase of Rs 5000 in the price of silver was clearly visible.

Today, this is a very shocking news for the customers investing in the bullion market and buying new jewellery. Due to the Iran crisis, the demand for gold as a safe investment is increasing very rapidly in the international market. This is the main reason why the shine of gold has increased significantly in various cities of India today. In the coming days also, due to geopolitical tension, there may be a huge increase in the rates of these precious metals.

Increase in the price of gold and silver

Due to international pressure, today on June 2, a significant rise in gold prices has been seen in major cities of the country. It jumped by more than Rs 1,000 to Rs 1,60,400 in early trade this morning. The rising cost of gold during the wedding season is going to have a huge and direct impact on the common man’s pocket.

According to market experts, today a very big and historic jump of Rs 5000 has been recorded in the prices of silver. Along with this, the price of silver is Rs 2,80,000 per kg. Due to rising industrial demand and huge disruptions in the global supply chain, silver is increasingly becoming the first and strongest choice for investors. This huge surge is going to prove to be very disappointing for the buyers of jewelery and utensils.

Also read: Share Market Drop: Share market decline did not stop, Sensex opened below 74000 and Nifty 23229.

Big impact of Iran crisis

The huge geopolitical tension going on in the Middle East regarding Iran has completely scared the global markets. In such uncertain and scary times, big investors around the world are leaving the stock market and turning to very safe options like gold. This huge demand for gold in the international market is continuously increasing its prices in the domestic market also.