There are continuous fluctuations in the prices of gold and silver in the bullion market of the country. While there was a big fall in the price of silver on Thursday, there was a rise in the price of gold. The effect of changes in the international market and movement of the dollar is clearly visible on the domestic market as well.
Gold prices registered a strong rise in Delhi bullion market today. According to traders, buying of gold has increased due to increasing demand from investors and global economic uncertainties. On the other hand, the huge fall in the price of silver surprised investors.
Gold becomes costlier in Delhi
According to market experts, an increase in the price of 24 carat gold was recorded in the capital Delhi. Gold remains shining due to the wedding season and demand for safe investments. Many investors are considering gold as a safe option amid the volatility of the stock market.
Jewelers say that the strong price of gold in the international market has affected the domestic market as well. Investors are keeping an eye on the dollar index and the policies of the US Federal Reserve.
Big fall in silver price
A big fall was recorded in the price of silver on Thursday. Silver has become cheaper due to weakness in industrial demand and pressure in the international market. According to traders, there was a big change in the price of silver in a single day, which increased the stir among investors.
Experts believe that silver prices may continue to fluctuate further. The demand from electronics and industrial sectors has a direct impact on the price of silver.
What is the signal for investors?
Market experts say that at present there may be instability in both gold and silver. In such a situation, investors should avoid taking major decisions in haste. Gold is still considered a safe option for long-term investors.
If you are planning to buy gold or silver, then definitely check the latest rates of your city before purchasing. There may be slight variation in prices in different cities due to taxes and making charges.
In the coming days, further changes may be seen in the prices of gold and silver depending on the international market, movement of the dollar and global economic conditions.