These days, the prices of gold and silver in the country are going up and down like a roller-coaster. While the prices of gold are going up and down, silver has shown such behavior in the last three days that even the investors have become nervous. In just 3 days, an increase of Rs 10 thousand per kg has been recorded in the prices of silver.
gold became cheaper
There has been a slight decline in gold prices in the Indian market compared to yesterday. Today the price of 24 carat gold is ₹ 1,27,900 per gram. At the same time, the price of 22 carat gold has been recorded at Rs 1,17,250 per gram. Let us tell you that gold has been considered a safe investment option for a long time. Be it inflation or market fluctuations, gold has always been a reliable option for saving wealth.
silver bullishness
Gold may have become cheaper, but silver has created a stir in the market. The price of silver has increased by Rs 10,000 per kg in three days, increasing the concern of industrial users and jewelery buyers. At present the price of silver in India is Rs 1,73,000 per kg. The main reasons behind this sharp rise in silver are increased demand in the international market, strong consumption in industries and increasing confidence of investors in it.
What is the signal for investors?
According to experts, the recession in gold is temporary and it may strengthen again in the future. At the same time, the current rise in silver prices may continue for a few more days. If you are thinking of investing, then buying gold can be beneficial at this time, while it would be better to wait for the prices to stabilize before investing in silver.
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