28-11-2023 11:40 AM | Source: PR Agency
Quote on Gold As On 28 November 2023 By Mr. Veer Mishra, Co-Founder of Plus
Below the "Quote on Gold" by Mr. Veer Mishra, Co-Founder of Plus
The prices today for Gold & Silver are :
1. Gold 22 karat : ?5,750 +25
Gold 24 karat : ?6,271 +27
2. Silver 999 : ?78.50 -5.06
Gold 24 karat : ?6,271 +27
2. Silver 999 : ?78.50 -5.06
Here are some of the domestic factors affecting the price of gold and silver in India:
Demand and supply: The demand for gold and silver in India is driven by a number of factors, including festivals, weddings, and investment. When demand is high, prices tend to rise. Conversely, when demand is low, prices tend to fall.
Interest rates: When interest rates are high, investors are more likely to put their money into fixed-income investments, such as bonds. This can lead to a decrease in demand for gold and silver, which can put downward pressure on prices.
Inflation: Inflation can erode the purchasing power of money, which can make gold and silver more attractive investments. As a result, inflation can lead to an increase in the demand for gold and silver, which can put upward pressure on prices.
Currency exchange rates: The price of gold and silver in India is also affected by the exchange rate between the Indian rupee and the US dollar. When the rupee weakens against the dollar, the price of gold and silver in India tends to rise. Conversely, when the rupee strengthens against the dollar, the price of gold and silver in India tends to fall.
In addition to these domestic factors, the price of gold and silver in India is also affected by global factors, such as the global economic outlook, geopolitics, and the supply and demand of gold and silver in other countries.
Demand and supply: The demand for gold and silver in India is driven by a number of factors, including festivals, weddings, and investment. When demand is high, prices tend to rise. Conversely, when demand is low, prices tend to fall.
Interest rates: When interest rates are high, investors are more likely to put their money into fixed-income investments, such as bonds. This can lead to a decrease in demand for gold and silver, which can put downward pressure on prices.
Inflation: Inflation can erode the purchasing power of money, which can make gold and silver more attractive investments. As a result, inflation can lead to an increase in the demand for gold and silver, which can put upward pressure on prices.
Currency exchange rates: The price of gold and silver in India is also affected by the exchange rate between the Indian rupee and the US dollar. When the rupee weakens against the dollar, the price of gold and silver in India tends to rise. Conversely, when the rupee strengthens against the dollar, the price of gold and silver in India tends to fall.
In addition to these domestic factors, the price of gold and silver in India is also affected by global factors, such as the global economic outlook, geopolitics, and the supply and demand of gold and silver in other countries.
Above views are of the author and not of the website kindly read disclaimer
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