The direct impact of the continuing-ups in shares and commodity markets around the world is now clearly visible on the prices of precious metals. On Thursday, while the price of silver suddenly fell by Rs 1100 per kg, gold once again firmly reached Rs 1200 per 10 grams to a psychological level of one lakh rupees. This ups and downs are raising many questions for investors. On the one hand, the sudden decline in silver is surprising, on the other hand the glow of gold is constantly increasing.
What is the reason for decline and edge?
Experts believe that there is volatility in international markets due to several reasons such as US dollar conditions globally, uncertainty on federal reserve interest rates, rise in crude oil prices and continued geopolitical tension in the Middle East.
In the midst of this instability, investors are turning to gold as a safe investment option, increasing their demands and prices are going up. At the same time, there is uncertainty about silver considered useful for both industrial use and investment, due to which its prices have seen a decline.
What is the fresh price now?
On Thursday in the bullion market of the capital Jaipur:
The price of gold rose by Rs 1200 to ₹ 1,00,000 per 10 grams.
The price of silver fell by Rs 1100 and it came to ₹ 92,300 per kg.
This is not the first time the prices of both metals have gone in a different direction from each other. But such a sharp decline and bounce in a single day shows the uncertain state of the market.
Investors’ opinion divided
Market analysts say that this time may be a better opportunity for long -term investors to invest in gold, while the fall in silver prices can be seen as ‘by -on dips’ (purchase in fall). However, small investors are advised to take precautions, as prices may be seen even more instability in the coming days.
Will the ups and downs continue even further?
Experts believe that the prices of both gold and silver may continue to fluctuate until global economic and political conditions are stable. Especially in the upcoming months, the festive season and the wedding season is coming, which may increase demand and this makes further changes in prices.
