Gold and silver prices increased this week. According to the India Bullion and Jewelers Association (IBJA), gold was at Rs 1,13,262 on 27 September last Saturday, which has now reached Rs 1,16,954 per 10 grams. That is, its price has increased by Rs 3,692 this week. At the same time, talking about silver, it was at Rs 1,38,100 last Saturday, which has now reached Rs 1,45,610 per kg. In this way, its price has increased by Rs 7,510 this week. This year, gold ₹ 40,792 and silver ₹ 59,593 can be expensive to go up to Rs 1.55 lakh. According to a recent report by goldman Sachs, the bank has kept a target of $ 5000 an ounce for gold till next year. According to the current exchange rate, it will be about Rs 1,55,000 per 10 grams. Sandeep Raichura, director of brokerage firm PL Capital, said that gold can go up to Rs 1,44,000 per 10 grams. 5 major reasons, due to which gold is expected to rise … Therefore, they are constantly increasing the gold part in their treasures. Effect: When the big banks buy continuously, the demand for gold in the market remains and the price goes up. 2. ‘Trump Factor’ and Policy-Earthness: There is uncertainty about the policies of America. The interference on the Federal Reserve weakens the dollar-bond market. Effect: Investors find safe investment and run towards gold. This causes gold prices to rise. 3. Turning to gold from crypto: Investors are investing money in gold due to fluctuations in crypto and fear of strict rules. Low returns from the stock market in India also made gold attractive during the recent few times. Effect: Gold demands rapidly prices rise. 4. Didleization: Many countries are changing their economic models by reducing the use of dollars. Debt on America is increasing and the dollar is weakening. Effect: If the dollar is weak, gold increases. 5. Long-Term Asset: Gold is never completely useless. It is not destroyed, limited and saves its price at the time of inflation. Effect: It is mostly beneficial to keep gold in a long time.
Source link
[ad_3]
Gold and silver rise this week: Gold increased by ₹ 3,692 to ₹ 1.17 lakh, silver is selling ₹ 1.46 lakh kg to ₹ 7,510 expensive
