Despite the wedding season, gold shone in the second week of December, while silver also looked weak. In the bullion market, spot gold fell by Rs 270 per 100 grams between December 7 and 11. During this period, silver remained soft at Rs. 2 per kg. Compared to the highest price of gold, gold has fallen by Rs 7208 per 10 grams so far and silver by Rs 13,776.
Gold Price Review: Why Gold Is A Bad Time Partner, See How Much Jumps In 10 Years
On the morning of August, understand that gold had reached Rs 56,62254 per ten grams. This is a high rate all the time. As for silver, it touched Rs 76,008 per kg on the day. Experts say that long-term investment in gold is a lucrative deal. However, they also say that one should do a thorough investigation before investing.
In the same way, in the second week of December, gold and silver move
|Date and day||Evening price of gold (Rs / 10 gm)||
Evening rate of silver (Rs / kg)
Rapid growth in the first week of December
Gold returned to the trail in the first week of December. At the same time, silver has regained its lost tone. In the first week of December, gold rose by Rs 487 per 10 grams and silver by Rs 2,995. However, it is still Rs 7000 cheaper than the gold peak. At the same time, silver is trading at Rs 12,44,44.
Also read: Sky Stock Market: Small investors are not in a hurry to invest in stocks right now
Gold will shine for a long time
According to Reuters, the weakening dollar has led stocks to focus on the Kovid-1 vaccine and hopes of a recovery in the economy. This could further reduce gold prices. Anuj Gupta, vice president (commodities and currencies) at Angel Broking, says the positive news about the corona vaccine is driving down gold prices globally. Nevertheless, given the current lows, gold prices could reach Rs 57,000 to Rs 60,000 per 10 grams in the next one year. He says investing in gold in the long run is a lucrative deal. However, they also say that one should do a thorough investigation before investing.