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Gold Rate: When there was a conflict between India and Pakistan, there was a steady increase in the price of gold. On April 22, the price of gold was crossing 1 lakh, while the price of gold before Operation Sindoor was Rs 96,888. As soon as the conflict started in both countries after May 7, the price of gold started decreasing. So far it has become cheaper by Rs 4,350. It is generally seen that gold becomes expensive between war, but it was seen upside down.

Why gold became cheaper between war

There were many such reasons between the war between India and Pakistan, due to which gold became cheaper. The first was China and the US reduced tariffs for 90 days. Earlier, the US imposed 145 percent tariff on Chinese goods while China imposed 125 % tax on American goods. Now both countries have reduced it. Under this, the US will levy 30 percent tax on Chinese goods and 10 percent on China American equal. This cut is for 90 days.

And the price of gold will fall

In addition, the US dollar has seen strength. Due to the strengthening of the dollar, people invested less in gold, this led to a decline in its price. Russia-Ukraine war broke, it also affected the price of gold. On May 10, there was a ceasefire in India-Pakistan, its effect was also seen. It is being told that the price of gold can be seen further. It can come up to 85 thousand rupees per 10 grams. Now S Jaishankar will run in a bulletproof car, after the war with Pakistan, Government of India takes a big decision