Gold and Silver Price on 13-10-2020: Want to buy gold? Is it the right time to invest? Let’s find out what bullion market experts are saying.
Gold and Silver Price Today: International factors … have an impact on gold and silver prices. With the US presidential election set to take place on November 3, the election campaign is in full swing there. Incumbent President Trump and Democratic presidential candidate Joe Biden are campaigning as Nua Nena. The campaign will run until the end of this month. So both of them are making good use of these few days that are available. With this, the stock markets and bullion markets are looking strong. Analysts say gold prices have been hovering for five days now and there is a risk of a sudden fall in prices.
Today’s gold prices (13-10-2020): The price of 22 carat gold used for making jewelery is currently Rs 48,870 per 10 grams. Yesterday, 22 carat gold rose by Rs 50. If you want the same weight of gold … its price is Rs.39,096. Also, 24 carat gold (Pure Gold) is currently priced at Rs 53,310 per 10 grams. Yesterday and today the price went up by Rs.60. If you want the same weight of gold, its price is Rs 42,648.
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Today’s Silver Prices (13-10-2020): The current silver price per kg is Rs.63,800. Silver rose by Rs 890 yesterday and today. Libra silver is currently priced at Rs 510.40. Silver rose by Rs 7.12 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.
Can I invest in gold ?: Despite the uncertainties internationally due to the corona … conditions are improving in India. The harvest season is accompanied by the festive season. So farmers … those from other communities are more likely to buy gold. Hence the demand for gold will increase. Diwali … Gold is in demand in India till Dhanteras. In addition, on August 8, the highest price of jewelry 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. Bullion market experts therefore say that this is the right time to make long-term investments.
