Quote on Gold As On 01 December 2023 By Mr. Veer Mishra, Co-Founder of Plus
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Below the "Quote on Gold" On 01 December 2023 by Mr. Veer Mishra, Co-Founder of Plus
Today's gold and silver prices in India are:
* Gold: ?5,810 per gram for 22 karat gold and ?6,273 per gram for 24 karat gold.
* Silver: ?79.20 per gram and ?79,200 per kilogram.
Market Outlook for Gold:
Gold prices are expected to remain elevated in the near term, supported by a combination of domestic and global factors. The weakening Indian rupee,upcoming festive demand, and inflation concerns are likely to keep domestic gold prices firm.Globally, economic uncertainty and dollar weakness are also expected to lend support to gold prices.
Market Outlook for Silver:
Silver prices are also expected to remain supported in the near term, tracking the strength in gold prices. However, silver prices may face some headwinds due to concerns over industrial demand.
Recommendations:
* Gold: Investors with a long-term investment horizon can consider investing in gold through physical gold ETFs or gold mutual funds.
* Silver: Investors with a short-term trading perspective can consider trading in silver futures or options.
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