On Saturday Gold price recovered by Rs.20 to Rs. 32,650 per 10 grams in the bullion market due to high demand in this festive season. Tracking gold, silver too rose by Rs.30 to Rs.39,530 kg. even the precious metal weakened overseas.
Physically the demand of gold was feeble this week, because of this dealer offering deals and discount on the gold and silver ahead due to the festive season running the demands were rising again and again on the metals. the Indian market offers to invest in commodities like silver and gold beyond the ordinary shares, real estate, and bonds. the commodity markets are stable that the equity and mutual funds. this is a viable option regarding an investment that is safe.
Silver is an industrious as well as a precious metal. Silver in India is mainly imported rather than produced. The metal is malleable, ductile, lustrous, and also a good conductor of electricity.
Gold has over the years been a perfect hedge against inflation. Investors are increasingly looking at gold as an important investment.
Key things;
1. Globally, gold slipped on Friday as the US dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks. Spot gold was down 0.2 percent at $1,231.22 per ounce in the intraday trade. The bullion was down 0.1 percent this week.
2. In Delhi, gold of 99.9 and 99.5 percent purity edged up by Rs. 20 each to Rs. 32,650 and Rs.32,500 per 10 grams, respectively. It had dropped by Rs.150 on Friday.
