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Gold price increased with Ukraine-Russia war


Russia invades Ukraine. The war is raging. But few Indians cannot be bothered that there is no difficulty. No matter how small a country is in trouble in the current globalization that impact will not be the same all over the world. As per Ukrainian officials, Russian troops have captured the Chernobyl nuclear plant. If a big country like Russia goes to war the effect will not be normal. That is a minus for India, which is heavily dependent on imports. Gold prices soared as Russia went to war with Ukraine. On Thursday, the price of 10 grams of gold in India crossed 51 thousand. On the Multi Commodity Exchange, the gold rose 2.02 percent to 51,396/- and Silver also rose 2 percent. The silver rate per kilo has increased to 65,876 Indian rupees.


Rising tensions between Russia and Ukraine are worrying global markets. The stock and crypto markets were collapsed. With this investors are heavily withdrawing their investments in the stock market. That amount is being invested in gold. As the demand for gold purchases increases so does the price. Gold is not the only thing and Oil is also becoming gold. The value of the dollar is also rising. Until the war stopped the price of gold was dearer. The dictatorial country must suffer. The same thing is happening with citizens in Russia now. This is the view of Russian citizens after the declaration of war on Ukraine. The world would once again be in financial trouble if the war really happened at full scale.
While Russia is not in trouble at the moment, it is likely to be in trouble in the long run with the sanctions imposed by NATO. War is a must-do under certain circumstances. 


Independent nations decide who they want to be with. They can continue the alliance with the countries they want. A referendum was held in Ukraine decades ago. 95% of the people wanted their country to be independent. Russia, which has been silent for years, says it's just arrogant to go to war. Is it a sin for Ukraine to seek membership in NATO? That begs the question. Russia launched these attacks merely to invade Ukraine.

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