Silver rises Rs 5,000, gold up Rs 1,300 as Middle East war lifts safe haven demand. What should investors do?
Analysis of this story by et_markets · 17 Mar 2026, 9:46 AM IST (about 2 months ago)
AI Analysis
Rising crude oil prices due to Middle East tensions are a significant headwind for the auto sector, increasing manufacturing costs and potentially dampening consumer demand. This comes amidst existing concerns about LNG supply risks.
Trading Insight
Key Evidence
- •Gold and silver prices rose on March 17, 2026.
- •Escalating Middle East tensions boosted safe-haven demand.
- •Middle East tensions kept oil prices elevated.
- •Analysts expect continued volatility driven by global cues, including dollar movement and Fed policy.
- •Traders are advised to remain cautious, while long-term investors may consider accumulating on dips in precious metals.
Affected Stocks
Higher crude oil prices benefit its refining and petrochemicals segment, but could negatively impact consumer discretionary spending affecting its retail ventures.
Higher crude oil prices generally lead to increased realizations for oil exploration and production companies.
As an oil marketing company, higher crude oil prices increase procurement costs, which may not always be fully passed on to consumers, impacting marketing margins.
Sources and updates
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