Indian Markets Reeling from Global Political Turmoil

New Delhi: The global political turmoil is having a direct impact on the Indian market, where prices of everything from essentials to precious metals are uncertain. On cooking gas supplies, the government is constantly assuring that there is enough in the country. Cylinder prices have crossed the ₹1,000 mark in hilly areas and eastern Indian states. CNG prices also vary widely from city to city. Taxi and auto drivers are losing their daily economic calculations. Gold prices are stable in the jewellery market but hover around all-time highs, making it difficult for the middle class to invest or buy jewellery. International inflation and dollar strength are to blame for 24-carat gold prices exceeding ₹15.4 lakh per 10 grams. On the other hand, gold and silver prices are still expected to rally in the coming week due to speculation of interest rate changes by the US Federal Reserve.