Gold and Silver Price on 12-10-2020: International factors … affecting gold and silver prices. With President Trump back on the campaign trail … gold prices are likely to fluctuate.
Gold and Silver Price Today: The impact of the US presidential election on gold prices is clear. With polls suggesting that current President Donald Trump will definitely lose this time around … investors are a bit worried. Investors are wondering what kind of decisions the new Joe Biden government will make … and whether they will have a negative impact on gold prices. Currently, gold prices have been rising for 4 consecutive days. This seems to be due to the coming festive season in India. With the rising income of the people right now … some people are buying gold to convert money into savings. As a result the price is gradually rising.
Today’s gold prices (12-10-2020): The price of 22 carat gold used for making jewelery is currently Rs 48,820 per 10 grams. 22 carat gold rose by Rs 10 yesterday and today. Also, the price of 24 carat gold (Pure Gold) is currently Rs 53,250 per 10 grams. Yesterday and today the price went up by Rs.
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Today’s silver prices (12-10-2020): Silver prices … If one day decreases from September 24, another day rises. Seems to be growing overall. At present, the price of a kg of silver is Rs 62,910. Silver rose by Rs 10 yesterday and today. Libra silver is currently priced at Rs 503.28. Silver rose by Rs 0.08 per ounce yesterday and today. Demand for silver from industries is increasing. Hence the price is also rising. On September 15, the silver price touched a high of Rs 69,500. Therefore, it is likely that daily prices will rise.
Is it the right time to invest ?: Many people are skeptical about investing in gold amid uncertainties internationally. In fact during the year … until August 8 the price of gold kept rising. On August 8, the highest price of jewelery gold was Rs 53,800. After that … the lowest price was recorded on September 24. On that day … the price of jewelry gold was recorded at Rs.47,550. Now it looks like a growth trend again. With the festive season approaching … the demand for gold is set to rise. So bullion market experts say this is the right time to make long-term investments.
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