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19-10-2023 11:30 AM | Source: PR Agency

Quote on Gold As On 19th October 2023 By Mr. Veer Mishra, Co-Founder of Plus

News By Tags | #Gold #CommodityTips #ExpertViews #Silver

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Below the "Quote on Gold" On 19th October 2023 by Mr. Veer Mishra, Co-Founder of Plus

Gold: Rs. 56,410 per gram

Silver: Rs. 77,531 per kg

Reasons for the recent rise in gold and silver prices:

The price of gold and silver has been rising steadily in recent months, due to a number of factors, including:

Increased demand:

The demand for gold and silver has increased in recent months, due to a number of factors, including the ongoing COVID-19 pandemic, the ongoing war in Ukraine, and the high inflation rate in India.

Weaker rupee:

The Indian rupee has weakened against the US dollar in recent months, which has made gold and silver more expensive for domestic consumers.

Festive season demand:

The upcoming festive season in India is a time when demand for gold and silver typically increases. This is because many people in India buy gold and silver jewelry as gifts during the festive season.

It is important to note that the price of gold and silver is volatile and can fluctuate significantly from day to day. Investors should carefully consider their own risk tolerance and investment goals before investing in gold and silver.

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Quote on Gold As On 19th October 2023 By Mr. Veer Mishra, Co-Founder of Plus

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