Whenever a country takes action against another country, there is often a fall in the stock market and a rise in the price of gold is seen, but this time after India’s action, something opposite has happened. Actually, India took a big action against Pakistan, after which the Indian stock market also rose while the price of gold also fell.
Gold futures were seen trading with a fall of up to one percent on the Multi Commodity Exchange, after which its price remained at 96625, while the stock market opened with a fall and was seen moving up rapidly. Although this is a slight fall in the price of gold, but this fall has come only due to the tension between India and Pakistan. After reaching the level of ₹ 100000 per 10 grams, now the price of gold is constantly under pressure, although historically during the matter between India and Pakistan, there was not much pressure on gold.
According to the information received, historically, there was no fluctuation in the price of gold during the years 1965, 1971 and Kargil, however, the biggest impact on the price of gold is seen due to the tension in the Middle East and the activities related to America and China.