Silver is not even behind, along with gold, silver also took a long jump, is this the right time for investment?:

News India Live, Digital Desk: Gold prices have caught fire as soon as the festive season arrives. If you are also thinking of buying gold or investing in it, then this news is very important for you. The price of gold in Delhi’s bullion market has broken all its old records so far and it has reached its highest price.

How expensive gold became?

In Delhi, there was a huge jump in the price of 24 carat i.e. the pure gold in a single day and 84,000 rupees per 10 grams Reached the historical level of. This is the first time that gold prices have crossed this figure. Not only gold, silver prices have also seen a tremendous rise and also become expensive 98,800 rupees per kg Has reached

Why did prices suddenly increase so much?

Market experts say that there are many big reasons behind this record breaking fast:

1. International market impact: Gold prices have increased in markets around the world, which is also directly affecting India’s domestic market.
2. American Federal Reserve: The US central bank is expected to cut interest rates. When this happens, investors consider gold more safe than the stock market and start investing in it, which increases the demand and also increases the price.
3. Festive demand: The festivals and weddings season is about to begin in India. During this time, gold shopping is very high. Prices have also been supported due to increased demand.

The rising gold and silver prices will directly affect the pockets of common buyers. Especially it can be difficult for those who were planning to buy jewelry for weddings or festivals.