Skip to main content

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.

Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Jagan angry on Avanthi Srinivas on Bhimili meeting!

Avanthi Srinivas was joined in YSRCP in January this year. Avanthi joined in YSRCP seeking to contest as Bhimili Assembly segment in 2019 General Elections.
Post a Comment
Read more

TRS and BJP Friendship - MIM is silent!

Congress is the main opposition to ruling TRS in Telangana State. TRS political movements too were against to Congress in the state. Recent developments reveal that TRS is the strong political Non-NDA alliance to the BJP. TRS proves it many times during the Parliament sessions. Party stall the proceedings in Lok Sabha in the name of Muslim Reservations. TRS agitation helps BJP to avoid No-Confidence Motion. KCR raises non-Congress and Non-BJP front and met many Congress alliance parties but not NDA's. Telngana Finance Minister was not attend in any Finance Ministers meeting against to 15th Finance meeting recommendations. TRS wants for SCS to Telangana when Congress Working Committee declared it's stand on giving SCS to Andhra Pradesh. All these developments uphold the rumors of possible alliance between BJP and TRS after 2019 General Elections. As per latest political development in New Delhi, that KCR held one hour long meeting with Prime Minister Naredra Modi on variou...
Post a Comment
Read more