Gold Rate Today: Yellow Metal Rises By 900 Per 10 Grams, Silver Above Rs 1.97 Per Kg. What Lies Ahead?
Reported by NDTV Profit, not nibnow. We are not the publisher of this story, only the source is.
Precious metals experienced a significant downturn last week, with gold seeing its steepest weekly fall since June and silver dropping below a key psychological threshold. This movement directly affects market values and investor portfolios for these commodities.
Gold prices declined 4% last week, marking their steepest weekly fall since June. Silver prices witnessed steeper losses, falling more than 7% last week to settle near Rs 1.96 lakh per kg, below the psychologically important Rs 2 lakh mark.
Gold and silver are widely traded precious metals that often serve as a hedge against inflation and economic uncertainty. Their prices fluctuate based on market demand, currency movements, and broader economic conditions.
- •Further price movements in global commodity markets
- •Investor sentiment and demand shifts for safe-haven assets