Traders react to market news with gold and silver bars on a desk.
Gold and silver prices witnessed a notable decrease on the MCX on Thursday, influenced by comments made by US President Donald Trump regarding Iran. The remarks heightened geopolitical tensions, contributing to increased market volatility.
Jewellers suggest that the price movement could potentially increase demand in anticipation of the upcoming Akshaya Tritiya festival. The fluctuations in precious metal prices have been closely tied to ongoing news surrounding the conflict.