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Updated information from the Vietnam Department of Geology and Minerals (under the Ministry of Agriculture and Environment) indicates that during the implementation of the project, the agency discovered 12 gold ore sites, with estimated resources of more than 10 tons of gold and over 16.4 tons of silver. “This serves as an important foundation for advancing comprehensive digital transformation in the geology sector, supporting state management, resource planning, and attracting investment in sustainable mineral exploitation,” a representative of the project said.

At first glance, the market reaction to the outbreak of war following U.S. and Israeli strikes on Iran appeared deeply counterintuitive.

The question now arises: why did this rally occur so suddenly, and will it continue in the future? To address this, *Jagran Business* spoke with Ajay Kedia, Director of Kedia Advisory. He outlined a strategy for investors based on four key points, which will determine whether the current rally is sustainable or if the market is likely to witness a decline once again.

Silver has seen one of the sharpest pullbacks in recent years within just a few weeks. From the high of US$97.30 on March 2, the price fell to US$61.21 by March 23, losing around 37%. For the market, this was an abrupt break from the previous momentum.

Precious metals staged their first coordinated rally in nearly two weeks on Tuesday as the prospect of a diplomatic resolution to the U.S.-Iran conflict continued to lift market sentiment and weaken the dollar.

THE correction in the gold price this month was owing to liquidity demands from investors low on cash, said Bank of America in a recent report.

A sharp and unusual selloff in precious metals is indicating growing stress across global financial markets as the Iran war persists, according to analysis by The Kobeissi Letter. It added that gold has officially entered a bear market, falling roughly 22 per cent from its record high.

[SMM Precious Metals Market Bulletin] Customs data showed that imports of unwrought silver ingots with a purity of no less than 99.99% (i.e., silver ingots) rose significantly in February, reaching 206.76 mt. Compared with the previous period, they were up 499% MoM; compared with the same period last year, they were up 5,910% YoY. In addition, according to feedback from SMM market communication, affected by the price spread between physical silver ingots in and outside China and the continued stable opening of the import window, silver ingot imports are expected to remain at a high level in March. However, after entering April, as spot silver ingot premiums in China gradually pull back, silver ingot imports are expected to decrease.