A Big Drop in Crude Prices after Iran announced the open of Starit of Hormuz ⛽📉

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🚨 BREAKING: Gold & Silver Surge on 15% Duty Hike
The market has reacted sharply to the government increasing import duty from 6% to 15%.

Current MCX Levels:
• Gold (Jun Fut): ₹1,62,817.00 | +₹9,375.00 (+6.10%)

• Silver (Jul Fut): ₹2,97,675.00 | +₹18,613.00 (+6.66%)

Key Highlights:
• Duty Change: 10% Basic Customs Duty + 5% AIDC.
• Impact: Prices jumped over 6% today to reflect higher landed costs.
• Outlook: High volatility expected as the market adjusts to this major policy shift.