12-10-2023 11:48 AM | Source: Plus
Quote on Gold : The wedding season in India is about to begin, and there is traditionally strong demand for gold and silver during this time of year says Mr. Veer Mishra, Plus
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Below the Quote on Gold by Mr. Veer Mishra, Co-Founder of Plus
The gold price in India today is :
24 Carat : ?5786 and
22 Carat : ?5300
The silver price in India today is ?72.60 per gram.
Gold and silver prices have been higher in recent days, due to a number of factors, including:
The ongoing conflict between Israel and Palestine. Gold is often seen as a safe-haven asset in times of geopolitical turmoil, and investors have been buying gold as a hedge against the risk of escalation in the conflict. Rising inflation. Inflation is at its highest level in decades in many countries, and investors are buying gold and silver as a way to protect their wealth from the erosive effects of inflation. A weakening US dollar. The US dollar has been weakening against other currencies in recent months, and this has made gold and silver more attractive to investors.
In addition to these global factors, there are also some domestic reasons for the higher gold and silver prices in India.
The wedding season in India is about to begin, and there is traditionally strong demand for gold and silver during this time of year. The Indian government has recently imposed higher import duties on gold and silver, which has also contributed to the higher prices.
It is important to note that gold and silver prices are volatile and can fluctuate significantly from day to day. Investors should carefully consider their own investment goals and risk tolerance before investing in gold or silver.
Above views are of the author and not of the website kindly read disclaimer
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