New Delhi. If you are planning to buy gold, then the month of March can prove to be better for you. Otherwise, you may get inflation in the next month. Experts believe that gold and silver demand is expected to increase with the start of the wedding season in India. Because of which, the price of gold and silver (Gold and Silver Price) can be seen. At the same time, due to no change in interest rates by the Fed Reserve, gold prices are expected to continue to rise. Currently, gold is seen cheaper by Rs 11500 per ten grams than its all-time high. At the same time, silver is also trading at a cheaper rate of Rs 13000 from its highest level.
First today bedtime
Currently, gold is trading at a speed of Rs 149 at 1.25 pm.
– Due to which the price of gold is seen at Rs 44,962 per ten grams.
Gold opened at Rs 44,890 per 10 grams this morning.
– which went up to a high of Rs.45,037 per ten gram during today’s trading level.
– On Tuesday, gold had closed at Rs 44,813 per ten grams.
Today, gold has become cheaper by Rs 11,500 per ten grams from its alltime high. Day
In the first week of August 2020, gold reached Rs 56,191 per ten grams.
Silver has also come down
Currently, silver is up by Rs 236 per kg in the Indian futures market at Rs 67,155 per kg.
Today, silver opened faster than Tuesday at Rs 66,930 per kg.
During the trading level today, silver touched an all-day high of Rs 67,179.
During the trading level, silver moved down to a low of Rs 66,879 per kg.
At present, silver has come down from its all-time high to about 13 thousand rupees at cheaper rates.
In the first month of August 2020, silver went on an all-time hike of Rs 79,980.
Gold and silver in foreign markets
In the foreign markets, both gold and silver have seen a downward trend in the past. Speaking of today, gold on Comex is trading flat at $ 1733.60 an ons. While the price of gold spot is trading at $ 1735.21 per ons, with a rise of about $ 4 an ons. At the same time, the price of silver is trading 0.22 per cent higher at $ 26.06 an ounce on Comex. While silver spot prices are up by 0.19 percent at $ 25.98 per ons.
What do you know
Anuj Gupta, Vice President (Commodities and Currency Research), IIFL Securities, says There are signs of interest rates stabilizing from the Fed Reserve. On the other hand, due to low prices and weddings, the demand for gold is increasing. In such a situation, there may be an increase in the price up to Rs 2500 by the month of April.
At the same time, Ajay Kedia, director of Kedia Advisory, says that ‘Kovid is seeing havoc once again. Due to which the lockdown has started in some parts of the country along with many major cities of the world. Because of which investors can go from Safe Haven Investment. The effect of which can be seen in the price of gold and silver.