Indian stock markets experienced a sharp decline on Thursday. This downturn was driven by escalating tensions between the US and Iran, which pushed Brent crude oil prices above $71 a barrel. The Indian economy’s reliance on oil imports makes it vulnerable to such price hikes. The Indian Rupee also weakened against the US Dollar.
Brokerage that nailed gold, silver bull run targets fresh record highs
Apurva Sheth of Samco Securities forecasts a continued bull market for gold and silver, projecting record highs driven by structural deficits and strong investment demand.