Gold shone in the second week of December despite the wedding season, while silver also looked weak. In bullion markets, the spot price of gold fell by Rs 270 per 10 grams from December 7 to 11. Silver remained soft at Rs 832 during the period. If the highest price of gold is compared, gold has so far fallen by Rs 7208 per 10 grams and silver by Rs 13776.
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Explain that on the morning of August 7, the price of gold reached Rs 56,254 per 10 grams. That’s the high rate of all time. Speaking of silver, it has reached Rs 76,008 per kg on this day. Experts say that long-term investment in gold is a profitable deal. However, they also say that a thorough investigation should be done before investing.
Thus is the gold-silver move in the second week of December
|Date and day||Evening rate of gold (Rs / 10 gm)||
Evening price of silver (Rs. / Kg)
|10 Friday||Is 49191||Is 62600|
|9 Wednesday||Is 49689||Is 63392|
|8 Tuesday||Is 49782||Is 63839|
|7 Monday||Is 49199||62148|
Rapid increase in the first week of December
Gold returned to the trail in the first week of December. At the same time, silver has also regained its lost tone. In the first week of December, gold prices rose by Rs. 487 while silver rose by Rs. However, gold is still Rs 7,000 cheaper than its peak. At the same time, silver is soft at Rs 12,944.
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Gold will shine in the long run
According to Reuters, the weakening of the dollar has led to the Kovid-19 vaccine and hopes for an improvement in the economy have shifted to equities. This could lead to further fall in gold prices. Angel Broking, Vice President (Commodities and Currencies) Anuj Gupta says the positive news about the corona vaccine has led to a decline in gold prices globally. Despite this, given the current lows, gold is expected to touch Rs. Can reach 57000 to 60000. They say investing in gold in the long run is a lucrative deal. However, they also say that a thorough investigation should be done before investing.