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Israel-Hamas war caused loss of Rs 2 lakh crore in India, gold is making huge profits

Due to Israel-Hamas war, investors in India suffered a loss of Rs 2 lakh crore on Tuesday. On the other hand, huge earnings were seen for gold investors. In fact, due to the increase in Israel-Hamas war, global stock market sentiments deteriorated. The effect of which was also seen in the Indian stock market. Bombay Stock Exchange’s main index Sensex closed with a fall of more than 550 points. On the other hand, the price of gold has seen an increase of more than Rs 800 since morning. Gold prices have crossed Rs 60 thousand in India. Let us also tell you how investors suffered a loss of Rs 2 lakh crore in the stock market and how are investors earning huge profits in gold?

Big fall in stock market

500 people died due to Israeli attack on Gaza hospital. Due to which tension has increased a lot in Middle East countries. All the Gulf countries including Saudi Arabia have condemned this incident. Due to this tension, stock market sentiments were seen to be poor globally. The effect of which was seen in India also. Bombay Stock Exchange’s main index Sensex closed at 65,877.02 points with a fall of 551.07 points. However, during the trading session, the Sensex also reached the day’s lower level with 65,842.10 points.

On the other hand, the main index of National Stock Exchange Nifty fell by 140.40 points and closed at 19,671.10 points. However, during the trading session, Nifty also reached the lower level of the day with 19,659.95 points. According to experts, until the situation in the Middle East becomes normal, market sentiments may remain bad and investors may suffer losses.

Loss of Rs 2 lakh crore to stock market investors

Market investors have suffered huge losses due to the fall in the stock market. In fact, the market cap of BSE is linked to the profits and losses of investors. According to BSE data, the market cap of BSE was Rs 323.8 lakh crore a day ago, which has come down to Rs 321.4 lakh crore today. This means investors have suffered a loss of Rs 2.4 lakh crore today. In the coming days, investors are likely to suffer further losses due to the fall in the stock market.

Tremendous increase in gold prices

On the other hand, due to the Israel-Hamas war, investors have turned towards safe havens. Due to increasing demand for gold, prices are rising. If we talk about today only, an increase of more than Rs 800 has been seen in the price of gold in Multi Commodity Exchange. If we look at the data of MCX, the price of gold has increased by Rs 813 at 7.12 pm and the price has crossed Rs 60 thousand. By the way, today gold opened at Rs 59,500. After the Israel-Hamas war, an increase of about Rs 3600 has been seen in the price of gold.

Gold investors earn huge profits

Today gold investors have earned huge profits. If the investor has invested in 500 grams of gold. Whose value was Rs 29,60,900 a day ago. Today, a tremendous increase has been seen in the value of the same 500 grams of gold. On Tuesday evening at 7.20 pm, an increase of Rs 1000 was seen in the price of gold per 10 grams and the price of gold had reached Rs 60,210. This means that the value of 500 grams of gold of the investors had become Rs 30,10,500. This means that investors had made a profit of Rs 49,600 on 500 grams of gold. Whereas after the Israel War, investors have now made a profit of Rs 1,80,200 on 500 grams of gold.

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