Gold and Silver Price on 14-10-2020: 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. The U.S. presidential election campaign in particular is causing changes in bullion markets. Current President Donald Trump … no chance of winning a second term … Joe Biden will definitely win, according to the latest polls. Mainly due to Trump’s inability to control the corona, corona cases and deaths are on the rise again … it looks like it could lead to Trump’s defeat. At the same time … public confidence in Jobiden is growing. With so many people believing that America wants a president like this … again the demand for the dollar has increased … investments in gold are going backwards. Under these circumstances gold prices fell.
Today’s gold prices (14-10-2020): The price of 22 carat gold used for making jewelery is currently Rs 48,650 per 10 grams. Yesterday, 22 carat gold fell by Rs 220. If you want the same weight of gold … its price is Rs.38,920. Also, the price of 24 carat gold (Pure Gold) is currently Rs 53,090 per 10 grams. Yesterday and today, the price fell by Rs 220. If you want the same weight of gold, its price is Rs 42,472.
Also Read: If you want to invest in gold, don’t forget to buy gold coins from the bank …..
Today’s silver prices (14-10-2020): Silver prices fell sharply. At present, the price of a kg of silver is Rs 62,600. Silver fell by Rs 1,200 to Rs. The price of Libra silver is currently Rs.500.80. Yesterday and today, the price of silver fell by Rs 9.60. If so … chances are good that this price will rise again. On September 15, the silver price touched a high of Rs 69,500. Therefore, experts say that daily prices are likely to rise.
Can I invest in gold ?: Despite the uncertainties internationally due to the corona … conditions are improving in India. If the corona is declining … economic activity is picking up. So the chances of people getting their hands on money are increasing. As a result gold purchases will increase. Demand for this specialty has grown significantly as a result of recent corporate scandals. 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. Bullion market experts therefore say that this is the right time to make long-term investments.
