If you miss this opportunity to buy gold and silver, you will regret it, silver crosses Rs 1.64 lakh, gold becomes costlier by Rs 2000

News India Live, Digital Desk: In India, gold and silver are considered not only as jewelery but also as the safest and most reliable means of investment. Especially, at a time when there is uncertainty and tension in the global economy, people turn to these precious metals as safe investments, due to which there is an unexpected rise in their prices. Now, once again gold and silver are skyrocketing!

According to the report of Zee Media, a huge increase has been recorded in both these precious metals since last week, due to which the heartbeats of both investors and the general public have increased.

Big jump in gold and silver prices:

• Silver crosses record level: This week a huge jump has been seen in the price of silver, and this Rs 1,64,000 per kilogram Has crossed the historical level of. This increase is touching a record level.
• Gold increased by more than Rs 2000: At the same time, the price of gold also increased in a week. More than Rs 2,000 Has increased. This surge may worry investors who were thinking of buying, and it may be a matter of profit for those who had already invested.

Why is there such a big surge?

There are many global and domestic reasons behind such sharp jump in gold and silver prices:

1. Global instability and geopolitical tensions: Ongoing political tensions (e.g. wars, trade disputes) and economic uncertainty around the world make gold a ‘safe haven’ investment. When investors withdraw money from the stock market or other volatile assets, they invest it in gold.
2. US Dollar Weakness (Potential): If the US dollar weakens, it becomes cheaper to buy gold denominated in dollars in other currencies, thereby increasing the demand for gold.
3. Purchases by Central Banks: Many central banks around the world are also adding gold to their foreign exchange reserves, due to which the demand for gold is further increasing.
4. Rising inflation: When inflation increases, people feel that the value of their money is decreasing. In such a situation, ‘real’ assets like gold and silver are considered a good hedge against inflation.
5. Growing Industrial Demand (for Silver): The price of silver is also often influenced by industrial demand (e.g. solar panels, electronics). If there is a boom in the industrial sector then the demand for silver increases.
6. Festivals like Diwali (domestic demand): In India, during the festive season, especially Diwali and wedding season, the domestic demand for gold and silver increases significantly, which affects the prices.

For now, investors in gold and silver will remain cautious due to this unexpected increase and will keep a close eye on the market.