US-Iran war.. Gold at a discount!
The US, Israel-Iran war has had an impact on gold. Traders in Dubai are selling gold at a discount of about $30 per ounce (31 grams) to clear their stocks. The main reasons seem to be the disruption of exports due to flight cancellations and the lack of interest from buyers due to high shipping charges. Since India has abundant gold reserves, there is no problem even if the supply is disrupted.
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